Human resources and workplace trends you need to know

The human resources (HR) function of companies is gradually evolving from its status as a cost center to that of a profit center. At the same time, the corporate workplace has also evolved in multiple and substantial ways. We take a look at the top 5 HR and workplace trends that every HR-related professional should be aware of, and adapt their operating style accordingly.

HYBRID WORK

Given the ingrained flexibility in business over the past few years as well as the prevalence of COVID-19, much of the modern workgroup has shifted to working from home (WFH) or running a hybrid working (a combination of working from home and working from the office).

Along with the flexibility brought to work, hybrid working has allowed employees around the world to save on travel time, expenses, office time, and to be able to spend more time with family and friends. In addition, co-working is also a trend that has largely caught up with hybrid work. This involves employees working from a flexible third-party workspace rented either by the company or by the employee themselves.

Human resources and workplace trends you need to know

LEARNING AND DEVELOPMENT

When employees can perform hybrid work or work from home, they free up more time for self-development. Thus, training and learning interventions for the modern-age employee help them grow, develop, and advance in their careers. The fact that employees can learn and acquire new skills and abilities from the comfort of their homes has led to the emergence of several online training courses in addition to their physical/offline counterparts.

HOLISTIC EMPLOYEE WELL-BEING

Employee wellness isn’t just about comfortable chairs, air-conditioned workplaces, and efficient laptops. It also carries over to the type of work environment and culture that has developed over the years. With ergonomics and aesthetics forming one side of this trend, the other side speaks to the physical and mental well-being of employees. HR Analytics is an objective trend that plays a key role in ensuring the overall well-being of all employees. In turn, employees show greater happiness and better job performance.

LESS SINGLE JOB TIMES AND GIG ECONOMY

Employees now spend significantly less time (1-2 years) in the same job compared to previous generations (3 years or more). This trend has been well accepted and endorsed by most HR and OB experts. True loyalty doesn’t always equate to longer tenures, and today organizations are also embracing alternative work approaches by engaging the growing economy of freelancers and other independent professionals.

CAPACITY-BASED RECRUITMENT

The HR function has shifted from a higher level of employee skills to reviewing their professional abilities. This macro-view trend is driven by the fact that employers do well to look at their employed capital 360 degrees instead of just the specific skills the job may require.

Human resources and workplace trends you need to know

CONCLUSION

We discussed how trends in blended working, lifelong learning, holistic employee well-being, HR analytics, labor economics, career flexibility, and job-based recruitment capabilities are rising trends in contemporary HR functions and associated workplaces.

Overall, interesting times are coming for the ever-evolving HR function to take on a more strategic business role and less of a tactical response specialist. As we move forward into the new decade, these trends are likely to become fully established, while new associated trends will also in all likelihood emerge in the near future.

Written by Nakul Mathur, MD, Avanta India

— ENDS —

Comments are closed.