HR Wrapped 2023

As 2023 comes to a close, HR leaders have a lot on their plates. Let’s take a minute to see what HR has accomplished and what we have in store for next year!

A Look Back at 2023

This year, HR departments across the country navigated the new norms of the working world.

Navigating Hybrid and Flexible Working

One of the most prominent HR trends in 2023 was the rise of hybrid and flexible working models. 12.7% of full-time employees work from home, and 28.2% use a hybrid model.

Tackling Talent Shortages And Upskilling

93% of organizations were concerned about retention during this year’s talent shortages. Upskilling, reskilling, and continuous learning became critical.

Enhancing Employee Experience

Employee experience took center stage in 2023, with HR focusing on creating engaging and fulfilling employee journeys. 83% of organizations want to build a more people-centric future, and 81% use learning and development to assist.

Prioritizing Leader and Manager Effectiveness

60% of HR leaders agreed that developing their management team’s effectiveness was part of their strategy to improve their workplace in 2023, as HR departments recognized leadership’s impact on team performance and engagement.

Embracing Organizational Agility

In an unpredictable business environment, companies that could quickly adapt to changes had a competitive edge, with 58% of companies reporting that agility increased their productivity.

Focusing on Purpose-Driven Work

70% of employees say they derive a sense of purpose from their work. HR strategies included creating a strong employer brand and resonant core values.

Wrapping Up 2023

Here’s how you can ensure a strong end to 2023:

• Update your job descriptions to ensure they reflect any changes to roles.
• Review and update company policies and handbooks.
• Conduct performance reviews.
• Review and ensure compliance with legal guidelines, such as labor law postings, wages, leaves, record retention, overtime, etc.
• Communicate any changes regarding benefits and payroll to employees before the new year.

Gearing Up for 2024

Get ready for the new year!

Continue to Adapt to Remote Models

By 2025, a predicted 32.6 million Americans will work remotely. Ensure your organization is ready to accommodate remote and hybrid models as necessary.

Enhance Your HR Function

As business needs shift, the HR department adapts, expanding into talent acquisition, learning and development, benefits, and more. 82% of global leaders believe the HR function is more critical now than ever.

Increase Support for Employee Well-Being

While 77% of workers are satisfied with the mental health support their workplace provides, 55% believe that their employer views their workplace as healthier than it is. With workplace stress at a high level, employers must tune into their employees’ wellness.

Utilize Technology to Your Advantage

As employees continue to seek remote jobs and AI enters the workplace, it is essential to keep your technology up-to-date. Something as simple as ensuring job applications are mobile-friendly increases applications by over 10%.

Prioritize Leadership Development

With the talent shortage and skills gap of 2023, developing strong leaders is crucial. 89% of organizations believe that proactively building skills is vital to navigating the future of work.

HR Challenges in 2024

Be on the lookout for these trends.

Talent vs. Culture

After experiencing rapid growth in the past few years, organizations may find their growth slowing down as 2024 approaches. Experts predict a shift from quiet quitting to an era of loud layoffs, so balancing company culture with talent needs will be essential in the new year.

Increasing AI

With the dramatic increase in AI technologies, HR and tech departments must collaborate to prepare their organizations for what artificial intelligence means for their workplace. From organizations dealing with deepfake candidates to informational biases and data leaks, be prepared to address how your workplace uses AI.

Want to make sure you’re prepared for 2024? Contact a PuzzleHR specialist today to learn how we can help you start the new year with a bang!