Discover the Top 5 HR Trends in the Business World
Human resources should play a major role in your business. Your HR team is responsible for ensuring employee job satisfaction and driving employee engagement. In order to remain competitive when it comes to recruitment and hiring, you need to ensure you are using the latest HR practices.
By looking at some of the top HR trends for this year, you can make sure that you are doing everything you can to keep your employees satisfied with their work. If you have noticed a decline in productivity or employee engagement, then you may want to explore the following HR trends.
#1 – In-house Training and Skills Advancement
One of the top HR trends for 2016 is an increase in in-house training and skills advancement programs. Making sure that your staff is up to date with their skills is essential to remaining competitive. Every business needs to make the best use of their existing talent pool. It takes time and money to hire new employees. For this reason, many businesses are looking for ways to increase the skills of their current workforce.
#2 – Using Integrated Workforce Management Systems
You can also expect an increase in the number of businesses that use workforce management systems. More businesses are starting to discover the benefit of using a software for common HR tasks. This helps streamline your daily operations and increases productivity.
A few examples of workforce management systems include time tracking software, payroll software, scheduling software, and various other workforce solutions. These systems help improve the efficiency of your HR team. It simplifies some of their most common tasks. This gives them more time to focus on other aspects of human resources.
#3 – Non-traditional Hiring Practices
In many countries, there is a shrinking talent pool of available workers. This results in more competition between businesses to attract top talent. Instead of seeking out employees that are perfectly suited for a specific job, more businesses are using non-traditional hiring practices to develop their talent pool. This includes the placement of new employees in training programs to give them the skills they need – instead of looking for employees that already have these skills.
Other non-traditional hiring practices include a focus on attracting talent through online advertising. In order to appeal to the younger generation, some businesses are using social media and website advertising to reach out to the millennials.
#4 – Increased Focus on Compliance
Compliance with local, state, and federal regulations concerning employee rights and benefits is one of the many tasks that your HR team must deal with. In order to improve employee job satisfaction, businesses are making more of an effort to comply with all laws and regulations. Employee benefits, paid time off, vacation time, and other entitlements need to be accurately calculated.
Instead of relying on the knowledge of your HR team, you may want to consider implementing some of the workforce management solutions mentioned above. You can use a software to ensure compliance with the latest laws and regulations thereby preventing issues related to benefits and entitlements.
#5 – Improving Employee Engagement
Almost all of these HR trends are directly connected to employee engagement. There is going to a major shift in focus this year on practices that can increase employee engagement. Keeping employees satisfied can help to improve the efficiency of your workforce. A happy employee is often a productive employee.
Disengaged employees are one of the leading drains on productivity. It is estimated that about 23% of workers across the globe do not feel that they are being properly engaged. This could be the result of ineffective communication, not enough room for job growth or advancement, and other HR issues.
Some of the best solutions for dealing with this problem is to determine which areas need the most improvement. How can you boost employee engagement? By looking at the HR trends presented. This includes placing a focus on training programs, ensuring HR compliance, and using workforce management systems.
These are just a few of the top HR trends that you can expect to see this year. Obviously, every business is different. Some of these trends may not apply to your business model. But you should also keep in mind that your competition could begin employing some of these HR trends.
If you want to remain at the top of your industry or compete with larger businesses, you should always be looking towards the future. Try to find new ways to improve your talent pool and the satisfaction of your employees.
You may want to start with the implementation of advanced workforce management systems, such as time tracking and payroll software. Give your HR team more time to develop strategies for increasing engagement and productivity.
The top HR trends for this year are mostly related to employee happiness and job satisfaction. This is partially due to a decrease in available talent. Make sure that you do what you can to increase employee retention.