As unbelievable as it is, 2021 is almost over. While 2020 marked the beginning of some very unique shifts in hiring patterns and work culture, 2022, we believe, will be a defining point in the world of recruitment and employee experience. So here are the top HR trends you need to watch out for to stay ahead of the curve.
No, remote working was not a passing phase. For better or for worse, the hybrid work model is here to stay, but with a few tweaks. According to a survey by Forrester, around 70% of IT companies in the US and EU are planning to make hybrid work permanent.
Hybrid work is the best of both worlds since it improves employee satisfaction without affecting overall productivity, and companies can save millions of dollars by shifting to smaller or satellite offices. Though it comes with its own challenges, the pros outweigh the cons in this case. Plus, you’ve got plenty of help—check out our remote working resources!
As hiring trends shift from role-based to skill-based hiring, one thing has become clearer than ever—internal hiring is quickly becoming the preferred way to fill job openings—studies have proven that internal hiring improves retention rate, accelerates new-hire productivity, and makes hiring a lot faster. Internal talent networks have been adopted by companies such as AT&T, IBM, Microsoft, and many other organizations.
With the onset of skill-based hiring, it’s important to keep in mind the potential of the candidates you hire. This makes it easier to fill skill gaps and future job openings internally.
But, while you hire based on skills, it’s also important to ensure that your employees are given plenty of opportunities for skill development. How?
According to HireDigital, 87% of employers say they are struggling to fill positions as a result of the skills gap—and this study by PwC shows that over 45% of companies agreed that upskilling is one of the top strategies to close organizational skill gaps, compared to other methods:
Hiring from outside your organization does seem like an easier option, but making sure that your existing employees are nurtured and are enabled to learn has far more benefits for them, as well as the organization. Employees can be retrained and upskilled through:
Creating a responsive learning environment like Walmart Academy or Freshworks Academy for in-house upskilling
Sponsoring and encouraging employees to get certified on Udemy, Coursera, or other eLearning portals every quarter so they keep themselves up to date with the industry requirements
Amazon has invested in and launched skills training programs that support employees across its offices and transportation networks.
“Small and large, the programs meet our employees where they are.”
This 2021 study found that more than 60% of companies are concerned about the mental health of their employees after the pandemic.
According to a poll conducted during the Future Workplace Virtual Summit 2021, it was revealed that apart from workplace flexibility, well-being benefits such as free online-counseling sessions, training managers and leaders to become more aware and empathetic, and even investing in corporate subscriptions for online counseling and meditation apps have worked well enough.
But to truly ensure employee wellbeing, companies need to look at a multi-level approach. Josh Bersin outlines it perfectly over here:
The Healthy Organization Framework divides employee wellbeing into six categories: Physical health, mental wellbeing, financial fitness, social health and community services, safe workplace, and healthy culture. Each of these categories contains more granular programs to improve the overall state of wellbeing for employees.
Using advanced HR tech platforms will help shift the overall workplace dynamics significantly. With hybrid work becoming the norm, investing in the right technology can not only help hire better candidates but ensure productivity and improve employee engagement as well. Better automation means more time and opportunity to build better relationships with employees, and more time to focus on engagement and retention strategies.
The market for HR tech is worth $4 billion, and the future of applicant tracking and people management lies in choosing the right technology for your organization. Here is a good guide to get you started.
Every year brings new changes that might last or could just be a passing trend. The trends that stay may not apply to every organization. But it’s crucial to stay in the know about the changes in your industry and adapt to the changes that are here to stay. Most importantly, investing in your most important resource—your employees—can never go wrong. Stay ahead of the curve, and face 2022 at the top of your game.
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