A study by Accenture estimated that 63% of high-growth companies have already adopted a “productivity anywhere” workforce model.
“Are HR professionals embracing hybrid work culture?” After the pandemic, the uncertain change in work culture became the new certainty for the organizations. These changes bring the current trends in organizational behavior and HR activities.
HR professionals are adopting these upcoming trends to uplift their workforce and prepare the work environment to be more consistent with the changing needs of the workforce.
We have surveyed various HR professionals with new HR trends that can help them focus only on the worthwhile section of human resources during the year to become desirable in human resource management. The year 2024 will be when HR professionals are expected to push the boundaries to attract and retain talent and, increasingly, add value to business growth.
Here are some of the major HR trends that are expected to play a massive role in 2024:
2024 will be About Going Beyond HR Boundaries and Adding Value
The pandemic marked everyone with some infirmity, and organizations need to help their employees with their well-being. As per a Gartner study, 94% of organizations invested in employee well-being programs. Multiple organizations are taking up these leadership development programs and mental training mainstream.
However, 2024 will be about breaking traditional methods and adding value to the organization. HR professionals have taken on new roles for recreating work culture and are innovating these programs that will include surveys, research, creating workshops, and leveraging tech. It facilitates employees with a healthy, safe, and productive environment.
Increased Focus on Flexibility, Trust, Compassion & Growth
Employee autonomy is the key to better outcomes and growth, which requires flexibility. HR professionals are more inclined to hire candidates with flexible and self-taught skills rather than a high degree and experience. Extended autonomy for employees can be determined as a beneficial solution to minimize the disengagement rate in the workplace. Therefore, organizations must offer more flexibility and resilient work options for their extended stay in the organization.
The Prime Focus Would Be on Technology and Employee Skill Development
HR professionals are redesigning the hiring processes, and the attention area would be prioritizing talent and skill rather than experience and location. Leaders are embracing the fact of new hiring and retaining talent culture. HR professionals are now devoted to helping organizations in the best possible ways as recruitment processes are more advanced and data-driven with technological advancement.
Moreover, the focus of companies is investing in upskilling their employees with new skills, professional growth, mental health, and greater chances of achieving higher levels with e-libraries, workshops, and online courses. HR professionals are helping employees to develop professional skills that can set the organization apart in a big way.
Data Will Be the New Currency, but HR Needs to Retain the Human Touch
Increase in need to use data for business growth, and every HR professional requires significant HR tools to analyze people’s data to improve the hiring process. HR management relies on add secure in place of advanced database software to analyze active and passive candidates. It is crucial to evolve and transform strategies to balance a hybrid work environment as one of the priorities. It can enhance the company’s productivity, increase profits, save costs and employee engagement in these shifting poles of hybrid working.
There is a clear and growing need to use data to support business decisions. Everything in business should be done for a reason, and the reasoning behind any movement is usually backed-up with data. People analysis and data can be used to improve recruitment significantly. Hiring people using better information will lead to better decision-making.
The Conclusive Note
2020 and 2021 were years of extreme, unusual changes. As we move ahead, new ground will appear, marked by lessons learned from the pandemic and new or renewed commitment to areas like employee experience, mental health, and virtual work. Team design, evolution, and skill development will extensively influence organizations’ capability to manage the workforce and succeed.
The shifting to the digital world will evolve even more observed as companies seek to change in the face of new challenges, leveraging data to improve approaches, deliver value and build alignment. HR will also enable drive success through guidance and an outside/approach. In conclusion, organizations that want to maximize their human capital will choose a capable HRMS. Leverage hassle-free implementation, multi-level customization and seamless integration to maximize value from your Octane HRMS adoption by Embee.
