Human Resources
7 mins read
•
Jan 5, 2024
Tejaswini Panigrahi
The workplace has evolved from simple office space to a melting pot of technological advancements, hybrid working cultures and a workforce that is a mix of three generations with different work ethics.
Thanks to the advancement in technology the human resource sector is revolutionizing at speeds unimaginable. So, it is important to understand the latest HR trends to not only help maintain the workflow but also to keep ourselves updated with the industry. Here are the top 10 emerging trends in HR that people in the sector need to watch out for in 2024:
The past year has been one full of trials and tribulations, especially for the HR departments. But with 2024 knocking at our door, here are some HR trends that can help you prepare for the new year:
Maintaining a balance between office and remote working:
The idea of remote working gained momentum during the COVID era, but it is only during this period that people are still trying to find the balance between office and remote working. Both have their benefits but more than 55% of employees will look for another job if telework is not an option. So, trying to maintain the balance of working from the office or home is one HR trend that will continue well into 2024 where companies will update their regulations to reach their goals while keeping their employees happy.
Using the latest technology to help increase trust:
The pandemic and latest market slowdowns have caused panic and fear to take over the minds of people. Employees are at that stage where they want complete transparency from their companies. This is why the latest HR trend of using assessment tools to help track employee progress and make the information easily available for both parties.
Understanding the mindset of the new Gen Z workforce:
We are already at the cusp of three generations in the same workforce - Baby Boomers, Millennials and now Gen Z. So, this year one of the biggest emerging trends in HR is understanding how to make these three generations work side by side. All these generations have different goals and working habits. So, to attract them, HR recruiters will need to understand their needs.
The entry of AI in recruitment:
In 2024, the reliance on technology will reach new levels. Companies are now implementing AI-based technology to help make management even easier. Recruiters will slowly automate repetitive tasks to help them focus on the strategic elements of recruitment. According to a recent study, more than 17% of organizations are using AI in their HR department, which will increase to 30% by 2024. This means that organizations will source candidates, scan through resumes and onboard their latest recruits all by using AI tools such as Redrob.io.
An increase in wellness and well-being programs:
In recent years, having wellness and well-being programs in corporations has become the new normal. In 2024, the HR department will have to find ways to remove the stigma associated with mental health and help employees get the support they need. This can be done by creating wellness workshops, employee satisfaction surveys, leveraging technology and more. Organizations will have to take time to understand their employee health and safety to get a productive workforce.
Diversity, Inclusivity and Equality are not just terms anymore:
Companies are slowly understanding the importance of having a diverse workforce, which is why they are implementing D&I policies to grow multicultural teams. This HR trend will keep growing in 2024 as many recruiters will now turn to niche platforms to find underrepresented talent.
It is time to embrace the idea of gig economy:
The growth of gig economies and blended workforce is one of the major HR trends that the department will need to embrace in 2024. Companies are slowly shifting to a flexible workforce which includes contractors, freelancers and gig workers to meet their goals. This means that the HR department needs to change its talent acquisition strategies to include personnel from these sectors. As a part of the HR department, you might have to use social media or specialized job portals to find such candidates and create profiles where their unique skills can be utilized for your organization’s benefit.
Improving the learning and development process to increase productivity:
Due to rapid changes in technology and the dynamic nature of businesses the need to equip employees with the best tools is becoming a new normal. With the right L&D programs employees can keep themselves updated with the right knowledge and skills. For this, employees see a boost in their morale while the organization sees a boost in their productivity levels.
Predictive Analysis to impact HR decisions:
HR professionals will now be leveraging predictive analysis to help make data-driven decisions. By collaborating data from multiple sources such as performance reports, marketing trends and others companies will now be able to make better decisions that will affect the overall talent development and career progress of its employees. Companies can also use AI assessment tools such as Redrob.io to maintain and track employee records and make data-driven decisions.
The Latest HR Trends Affect the organization as a whole
The global market is seeing a shift in its working process right from the inception to the implementation. This is the same for the human resources department in organizations as well. With AI entering this sector, it is natural to see a shift from traditional HR processes to a more modern outlook. Companies now need to find candidates who have the skills they require rather than look for ones who look good on paper. As the department moves into a more inclusive and diverse generation, it helps to forge new bonds where both the employee and the organization achieve their goals together.
Want to join the latest trend of using AI for your HR needs? Contact us to know more!
Stats Ref:
