Top 3 HR trends to look out for in 2024 - For Employee Onboarding
Highlights:
2. Employee experience: redefined
4. Data-driven HR and people analytics
5. Diversity, equity, and inclusion (DEI)
Future HR trends: what's next?
HR must support a flexible work culture
Artificial Intelligence/Machine Learning
Record low unemployment and rapid turnover rates provide new challenges and opportunities to HR professionals dealing with sourcing and retaining talent in today's fluid workforce environment. According to the latest surveys, 60% of employees plan to look for a new job in 2023, reflecting the importance of staying updated on current HR trends and new trends in HR.
Here are the three areas that are particularly important for HR leaders in 2023, touching upon current topics in HR and trends in human resources:
1. Hybrid offices
These represent a significant shift in how businesses structure their work environments, reflecting the new HR trends and trends in human resource management. While flexible work schedules have gained popularity, hybrid offices take it a step further. It involves creating a workplace where employees have the option to work both remotely and on-site, aligning with the trend in HR that emphasizes greater flexibility for employees. This trend also helps companies reduce operational costs and improve employee satisfaction, which are top HR topics.
To successfully implement hybrid offices, HR departments must establish clear policies and programs that ensure a seamless transition between remote and office work, emphasizing productivity and collaboration, which are crucial updates in HR.
2. Employee experience: redefined
In 2023, the focus on employee experience took center stage in HR, reflecting the current topics in HR and new HR trends. It's no longer just about providing competitive salaries and benefits; it's about creating an engaging and fulfilling work environment. HR leaders are redefining the employee experience by prioritizing factors such as career development, well-being, and work-life balance, all of which are significant human resources trends.
Companies that invest in enhancing employee experience often see lower turnover rates, increased employee satisfaction, and higher overall productivity, which are essential aspects of HR trends. HR professionals need to align their strategies with this trend to attract and retain top talent, reflecting the human resource trend.
3. Employee upskilling
Employee upskilling has become a critical aspect of HR in 2023, reflecting current HR trends and trends in human resources management. The rapid advancement of technology and changing job requirements mean that companies must invest in continuous learning and development for their workforce, which is a new HR trend. Instead of searching for external talent, HR departments are focusing on identifying existing employees with growth potential and providing them with opportunities to acquire new skills, addressing the need for updates in HR.
Upskilling not only enhances employee job satisfaction but also ensures that companies have the necessary skills within their ranks to adapt to evolving industry demands, which is an important aspect of human resource trends.
4. Data-driven HR and people analytics
In the modern HR landscape, data-driven HR and people analytics have gained prominence, representing key HR trends. HR professionals are using data to make informed decisions about recruitment, employee performance, and workforce planning, reflecting the trend in HR. By leveraging data, HR departments can identify trends, optimize processes, and align HR strategies with broader business goals, which are crucial updates in HR.
5. Diversity, equity, and inclusion (DEI)
These have become crucial in HR practices in 2023, reflecting top HR topics and current HR trends. Companies are recognizing the importance of building diverse and inclusive workforces to drive innovation and improve organizational culture, which are new trends in HR. HR leaders are implementing strategies to promote diversity in recruitment and create inclusive workplaces where all employees feel valued and empowered, aligning with trends in human resource management.
Future HR trends: what's next?
Future HR trends include remote and hybrid work arrangements, increased use of AI and automation, a focus on employee well-being and mental health, and ongoing efforts to promote diversity, equity, and inclusion. Continuous learning and development, personalized benefits, and global workforce management will be priorities. Companies will emphasize sustainability and corporate social responsibility, and workforce analytics will drive data-driven decision-making. HR professionals should stay adaptable, informed, and connected with industry developments to navigate these trends effectively.
Ensuring that DEI principles are integrated into every aspect of HR, from recruitment to talent development, is essential for success in the ever-evolving landscape of human resources trends.
HR must support a flexible work culture
Flexible work schedules are not only becoming a trend. They are a cost-effective way to conduct business. Companies all over the world use them to improve working conditions and reduce running costs related to employees. However, when flexible working arrangements are not conducted properly, companies are faced with low employee efficiency and low mutual company success.
Here are some reasons why flexible work culture must be supported:
- Less employee turnover
- Higher employee satisfaction
- Higher employee efficiency
- Greater hiring flexibility
- Lower running costs
Before making flexible work as a part of company culture, HRs should be sure that they put all necessary programs and policies in place to ensure that the company will enjoy the benefits and avoid the most common mistakes associated with flexible work hours.
Artificial Intelligence/Machine Learning
Today the primary trend in the software industry is the move toward artificial intelligence (AI). The future of the software for HRs is not an exception. One of the Linkedin researches showed that AI has a significant impact on recruiting.
“As well as these smart, public-facing initiatives, though, artificial intelligence is being put to use behind the scenes to help screen and assess the more than one million people per year who apply for jobs with Unilever. If they make the grade and become one of the thousands who are offered a job, they have AI-powered tools to help them adjust to their new role and hit the ground running.”
The main advantage of AI is saving time on processing the applicant materials. Instead of burdening the HR department with hundreds of resumes and cover letters, companies can use AI systems to simplify and complete this process faster.
Also equally important is that AI systems allow companies to get an analytical evaluation of candidates, independent from a subjective point of view. As a result, the selection process for new employees will become more firmly and sincerely.
Automated onboarding
Employees are often fired due to the fact that they are underperforming or don't fully understand their role and responsibilities. In 90% of the time, it happens because of the lousy onboarding or even of its absence. Lack of time is the main reason why companies abandon full-fledged employee onboarding. There is a way out. This process can be automated.
Surely, each HR department has some onboarding docs or handbooks, instructions to the software employees need to use, manuals, etc. All these things can be collected in one place — Academy. It will help to reduce the waste of human resources, and to tell about the most critical points about your company and employee's role and responsibilities.
So, here are 3 HR trends to look out for in 2023. Hope they will help change your business for the better.
Source: Top 3 HR trends to look out for in 2019
