Top Trends in 2024 HR Professionals Should Watch For
Since the pandemic, we have constantly been trying to find a new ‘normal.’ In 2022, HR professionals tried to adapt to their new roles, but they faced unique challenges. 2024 will be the year when HR needs to overcome limits and define new boundaries. It is crucial for organizations to prioritize employees’ health and safety during a time of crisis. Below we discuss seven trends that HR professionals will see in 2024 and want to follow.
Build a healthy company culture
Happy employees are the key to taking your business forward. When employees are happy to show up for work, they will meet your company’s goals and values. So, it’s high time HR professionals pay attention to company culture.
Conduct a meeting with your team and search for creative ways to improve engagement with employees. Ask for suggestions from your employees to learn what changes they would like to see in your organization. An organization that listens to its employees will maintain a high retention rate.
Hybrid work is here to stay
Millions of employees have to continue working from home in order to maintain social distancing during the pandemic. After working remotely for so long, around 35% of employees say they would change their jobs if asked to join the office full-time.
A study reveals that remote work has had a positive impact on many employees’ physical and mental health. It’s crucial for HR professionals to take into account how their employees feel about returning to the office. If permanent remote work is not possible, consider providing hybrid work to improve their experience.
Assess your business goals and strategies
A business strategy should be formed around your company’s goals. Once you evaluate your organization’s current and future needs, you can begin to plan hiring and retention strategies. Conduct a meeting with core team members and assess your company’s aims and values. Check out these statistics that show some critical information about the industry.
- 30% of HR leaders plan to reduce recruitment budget
- 62% of recruiters do not understand workforce analytics
- 34% of HR professionals want more investment in HR technology
You should arrange a meeting with your employees to find out about their goals, everyday tasks, or difficulties in the workplace. By optimizing your business strategies for your employees, you will see an improvement in work productivity.
Additional Reading: Top 5 Technological Trends Redefining HR Management
Create a diverse and inclusive workforce
Every workplace should focus on ways to create a diverse workforce. Factors such as age, race, gender, religion, or ethnicity should not be considered when you hire new employees. It’s important to create a transparent hiring process where you can combat unconscious bias. A diverse workforce will bring unique ideas or perspectives for your organization to achieve its goal.
Prepare for ‘The Great Resignation’ wave
Finding talented employees was always a challenging task, but it became harder during the pandemic. A staggering 4.4 million employees in the USA quit their jobs in September 2021. The total number of workers who left their jobs from May to September 2021 stands at 20.2 million.
One of the biggest reasons behind ‘The Great Resignation’ wave is that employees are unwilling to work in bad conditions with lower pay. This pandemic has helped many employees to re-evaluate their work and priorities to make big decisions about their careers.
Update employee perks and benefits
Employees often compare their organizations with competitors in terms of benefits, working hours, and work flexibility. It’s crucial that you stay ahead of competitors to avoid losing your talented employees. As we enter 2023, gift your employees with special perks and benefits that will motivate them to stay in the organization.
- Employee discount coupons for supermarkets or restaurants
- Greater recognition for work
- Increase the number of holidays
- Permanent work-from-home
- Presents on birthdays
- Subscriptions to Netflix, Amazon Prime, or HBO Max
HR professionals need to plan for such additions in their strategy to retain their top talents. Discuss these plans with your team to come up with some creative ideas to reward your employees.
Adopt new technologies and take risks
Digital hiring is taking over the recruitment industry, and it’s high time that you also pick up some advanced technologies for your HR ecosystem. Use AI to automate the screening process and save more time in shortlisting the top talents. You can also take advantage of video interview software to streamline and smoothen the interview process.
Another helpful tool is an applicant tracking system, which will manage and track all the candidates. It’s essential to adopt these new technologies in your HR ecosystem. You must take calculated risks to increase your chance of success.
Conclusion:
Once you clearly outline your goals, you can transform the HR ecosystem and build a positive workplace environment. In 2024, you will enter a new age of digital recruitment, where organizations that are faster, more efficient, and seamless will be ones that can keep a strong workforce. All these modern technologies help HR to improve collaboration and employee engagement.
Additional Reading: Top Global HR Trends for 2024 and Beyond
