Ten HR Trends You Should Follow in 2017
Over the past few years, there has been a significant shift to the HR methodology and trends throughout the world. These can be attributed to many cultural, geopolitical, economical and technological factors that have shaped the workforce in the market and the HR trends for the future. We have qualified the following innovative and emerging HR trends for 2017.
Performance Feedback System
The traditional annual performance review system of an employee is now gradually replaced by more frequent and real-time feedback and review system that is not taken as a routine activity on an annual basis rather than as an effective evaluation system that works.
More Millennials in the Workforce
A younger generation of millennials is ready to join the workforce and even contribute all the way through executive level jobs. The millennials have different aspirations and requirements and focus when it comes to the priority of work-life balance. Compensation, job satisfaction and challenge of the work requirements are among the set of important factors that determine the “right balance”.
Encourage a Better Work/Life Balance and a Friendlier Workplace Environment
One of the emerging HR trends of 2017 is the recognition of the importance of employee’s work/life balance and a friendlier workplace environment. Companies are taking measures to ensure that a better workplace environment is provided to its employees where they are motivated to work and contribute to their full potential without compromising their work/life balance. Flexible timings are offered for those who desire management of their work in a more efficient manner.
Focus On Strict Ethical Requirements and Cultural Change
In the recent years, there have been many corporate scandals and unethical business practices that have come to light in the media. This has resulted in a more stringent focus on ethical requirements and its adherence by HR departments in 2017.
Increased focus on labor regulations
Governments worldwide have generally introduced regulations to help ensure fair employment practices, equal employment opportunity and diversity of the workforce, among others. The success of jurisdictions that benefitted from these changes act as a catalyst to other governments to continue to improve employer-employee relations.
Outsourcing of HR Functions
One of the rising trends recently observed is the outsourcing of many HR functions to ensure a better focus on core business and operational activities rather than these secondary activities. Another reason is the expertise of third party HR services that are engaged in careful recruitment and management of employees.
Promotion of a More Diverse Employment Criterion
This emerging HR trend is associated more with a cultural shift worldwide and change in global mindset in 2017. Companies are embracing more diversity in their workforce.
Increase of Minimum Wage and Dealing with Pay Gap
The rising inflation and economic downturn in many places have forced companies to increase the minimum wages for their employees while also ensuring everyone is equally paid regardless of their gender. This will continue to be an area of focus in 2017.
Professional Development and Learning
Companies are investing in their employees and their continuous professional development and training. Providing them a learning environment where they enhance their skills and expertise, which eventually leads to better performances and desired results.
Automation of HR Processes
As the technology develops, more and more HR functions are being automated. From the entire recruitment processes, including interviewing, onboarding and orientation to the employee’s assessment and retirement, almost every HR function is now being automated and streamlined for optimized results.
Despite the advances in technology, investment in human resources continue to be of utmost importance to companies that wish to attract and retain the best talents available. Understanding and taking into consideration these factors is an important part of human resource management.
Originally published at bluebackglobal.com on March 12, 2017.