The Changing Landscape of HR in 2024: Key Trends and Insights

TLDRDiscover the key trends shaping the HR landscape in 2024, including HR realigning priorities, tapping into the hidden workforce, and driving climate change adaptation. Learn how AI and work-life fit are transforming the way we work, and the importance of meaningful jobs. HR is stepping up as a force for good and leaning in to drive business results and influence public perception. Explore the evolving operating model of HR and the shift from silos to solutions.

Key insights

🌍HR realigning priorities to address environmental shifts and societal movements

🙌Tapping into the hidden workforce as a solution to labor shortages

💼HR driving climate change adaptation and sustainability in organizations

🤖AI empowering the workforce and transforming work practices

⚖️Shifting from work-life balance to work-life fit to accommodate diverse work preferences

Q&A

How can HR improve productivity in organizations?

HR can improve productivity by formulating strategies to measure and improve performance, rewarding behaviors that drive productivity, and leveraging generative AI and technology.

What is the hidden workforce and how can HR tap into it?

The hidden workforce includes caregivers, neurodiverse individuals, ex-inmates, retirees, and people with health problems. HR can tap into this workforce by removing barriers to work, offering inclusive benefits, and implementing flexible working arrangements.

What is systemic DIB and how does it differ from traditional diversity, equity, and inclusion efforts?

Systemic DIB focuses on addressing issues that the company and employees care about, backed by proof points. It takes targeted action on these issues to create systemic equity, promoting a culture that values diversity, and leveraging technology for personalized onboarding and learning.

How can HR contribute to climate change adaptation in organizations?

HR can contribute to climate change adaptation by conducting climate risk audits, setting up business continuity councils, implementing labor practices that accommodate extreme weather, and integrating sustainability metrics into the HR scorecard.

How can HR transition from traditional silos to solutions?

HR can transition from silos to solutions by integrating HR functions, such as strategy advisory, awareness and attraction, and leveraging data literacy and business partnering skills. This integration improves the candidate and employee experience and drives business impact.

Timestamped Summary

00:00Introduction to the changing landscape of HR in 2024 and the key trends that will shape the industry.

02:26Theme 1: HR realigning priorities to address environmental shifts, legislative changes, and societal movements.

09:36Theme 2: HR as a force for good, driving climate change adaptation, and sustainability in organizations.

17:15Theme 3: The evolving operating model of HR, from silos to solutions, bundling services, and upskilling HR professionals.

26:42Key insights include HR tapping into the hidden workforce, AI empowering the workforce, and the importance of work-life fit and meaningful jobs.

29:10FAQs answered by HR experts, addressing productivity improvement, tapping into the hidden workforce, systemic DIB, climate change adaptation, and the transition from silos to solutions.