Continued low inflation puzzles economists Although there is no clear reason for the low inflation rate amid continued US economic growth, the rate could mean that the economy still has not reached full employment, said economist Joseph Gagnon. A struggling global economy may also be holding back inflation rates in the US, said former Congressional Budget Office director Douglas Holtz-Eakin. Politico (6/13)
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Recruiting & Retention
Advantages of recruiting via text Text-messaging platforms such as Canvas give recruiters an easy and quick way to contact job applicants and allow candidates to ask questions about the company at their own pace. Texting "is a lighter ask than, 'hey can we have a phone call?'" says Aman Brar, CEO of Canvas. Fast Company online (6/13)
PricewaterhouseCoopers' Health Research Institute projects a 6.5% growth rate in employer medical costs for next year, an increase of half a percentage point over 2017, with growth fueled by inflation, fewer drugs losing patent protection and slowing cost shifting by employers. Plan design changes, such as restructured copays and networks, are expected to hold growth down by 1 percentage point, yielding a 5.5% increase. Healthcare Finance News (6/13)
Technology
4 reasons AI makes sense for HR Artificial intelligence can help HR organizations improve the way they recruit, vet and engage talent, without compromising the human element, writes HireVue CEO Kevin Parker. He outlines four ways data can smooth out HR processes, including reducing bias and inconsistent hiring quality. HR People + Strategy Blog (6/13)
The HR Leader
Traits of an effective leader Strong leaders listen to workers' suggestions, take risks and accept the fact they'll never have enough time, writes Wanda Wallace, CEO of Leadership Forum. They also collaborate with their teams, build trust and ask their team, "What's the one thing I could do differently that would make a difference to you?" CIPD (U.K.) (6/12)
How small the vastest of human catastrophes may seem at a distance of a few million miles.
