In 2020, things are changing at a rapid pace and it is critical to keep a close eye on emerging trends and developments to ensure a productive and up-to-date HR program. Going forward, things are going to be more diverse, more targeted, and more comprehensive than ever before. Let’s take a closer look at some of the emerging HR trends we can expect to see unfold over the coming years.
Live betting on sports? Why not!
Competition for the top talent in any given industry is intense, and employers now need to go above and beyond to show their commitment to keeping staff happy and understanding their unique needs both as professionals and individuals. Part of the upcoming role of HR professionals will be to find innovative ways to engage employees and build loyalty based on personal interests and hobbies. That might include establishing a tradition that gives workers the chance to bet live on sports every Friday or suggesting more targeted and enriching team building activities. Whatever the case may be, employees are going to be drawn to organizations that offer the kind of perks they feel personally invested in.
Diversity is the name of the game
No longer a mere industry buzzword, it is time for HR departments the world over to get serious about their diversity promises, or risk getting left behind. Although it is indeed true that fully equal opportunity between men, women, people of colour and minorities has not yet been completely achieved, it is critical that an organization be able to demonstrate the steps they are taking in order to get there. This also includes putting an emphasis on diverse leadership and providing internal opportunities for people from all walks of life to advance within the company.
Innovative approaches to productivity
Productivity is always going to be an important issue when it comes to HR trends, and now more than ever this requires creativity and an emphasis on cultivating existing talent. Rather than looking for a quick fix solution that can be brought in to temporarily stimulate productivity, the goal needs to be finding sustainable ways to boost the productivity of existing employees. In general, this will be driven by using people-based analytics to ascertain what the top factors and characteristics for productivity are. Once an organization can pinpoint these, they will be able to work on cultivating them with the ultimate goal of seeing better outcomes from fewer staff.
Corporate activism becomes the norm
One such driver of productivity? The capacity of an employee to see how their efforts are contributing to real societal change. There is no arguing with the fact that our society is currently facing a whole slew of problems, and people want to see corporations stepping up and looking for solutions that will ensure a brighter future. When corporations give their employees the chance to give back to the society they live in, they demonstrate that they care about the wellbeing of the people they employ and are able to look beyond the bottom line.