Discover what lies ahead for HR in the coming year as industry veteran and HR thought leader, Dave Millner, shares his highly anticipated annual trends report. With the help of an impressive lineup of industry experts, this year's edition is the most informed and insightful yet.
In the wake of a global pandemic, war, and a likely global recession, the role of the chief human resources officer (CHRO) and the HR function have become as critical as ever. Add to that, the fourth industrial revolution, the changing nature of jobs, the rise of hybrid work, the skills shortage, raised employee expectations, and the diversity agenda, and it's clear why the expectations on CHROs and the functions they lead are at an all-time high.
Read on to discover the key trends and insights shaping the HR industry in 2023. This comprehensive report is the result of years of experience, data, research, and collaborations with more than 100 global organizations. It's a must-read for HR professionals looking to stay ahead of the curve and navigate the challenges ahead.
You can see the 12 trends in preview below:
- Tackling Recession Via A People First Approach - HR leaders must adopt a people-first approach to tackle the challenges posed by the forecasted recession and changing work dynamics, according to the 2023 HR Trends report.
- Solving The ‘productivity Paradox’ Of Hybrid - The debate on whether hybrid work enhances or impacts productivity is widening, making data crucial in designing an adaptive organisation that caters to hybrid work, according to the 2023 HR Trends report.
- Building the Skill-Based Organisation - CEOs are increasingly concerned about the availability of key skills and the disruption of the dominant structure of work as companies transition towards a 'skills-based organization', with HR leading the way in developing new operating models and revamping work design, hiring for skills, investing in internal talent marketplaces, and using skills data to personalize the employee experience.
- Generating Value With People Analytics - The People Analytics market is set to soar in 2023, with investment and growth expected, as companies increasingly recognize the value and impact of people analytics in contributing millions of dollars to the top and bottom lines, as well as helping to solve a multitude of talent challenges and creating a positive impact on workforce experience, culture and society.
- Amplifying the Employee Voice - Companies are increasingly investing in and scaling employee listening programs, with 61% having people analytics teams responsible for the effort, and 69% of those companies having a clearly defined strategy for employee listening.
- Humanising the Work Experience - The post-pandemic era's focus on employee experience is driving the importance of people analytics and the need for HR to become "the motor of a continuously changing organization that serves employees.
- Advancing Diversity, Equity, And Inclusion - People analytics is adding the most business value in the area of diversity and inclusion, with companies increasingly partnering with DEIB specialists to drive progress, although there is still a long way to go, with companies like Microsoft, Target and PwC leading the way in transparency and reporting.
- Fostering Mental Health And Wellbeing At Work - The impact of the pandemic has seen burnout levels reach an all-time high, with one in four employees experiencing symptoms of burnout, highlighting the need for organizations to take a systemic approach to improving employee mental health and wellbeing.
- Enabling Purpose And ESG - In 2023, HR and people analytics teams are expected to play a crucial role in organisations' environmental, social, and governance (ESG) proposition, with employees increasingly focused on purpose, sustainability, and the impact of their company on society and the climate.
- Up-skilling HR - Upskilling in HR is crucial to meet the expectations of leaders and employees, and HR professionals need to develop a digital mindset to solve business challenges, enhance culture, improve employee experience, and drive productivity, including skills in data-driven decision-making.
- Empowering Managers, Employees And Leaders With People Data - Companies can create value and a fair exchange of value by using people analytics to help managers make better decisions and providing personalised insights to improve employee performance and inform career paths.
- Redesigning work - This trend includes job/work design, automation in workforce planning, agile adoption, and four-day work week implementation to create a more productive and humane future of work, according to contributions from various professionals.
Full Feed: HERE (LinkedIn)
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