The world of Human Resources is constantly evolving, with new trends and changes emerging -- the best way to make sense of it: HR statistics. Why? Because numbers don't lie and as an HR professional, it is important to stay updated with the latest HR statistics to effectively manage your workforce and make data-driven decisions. So where did things go in 2022 and where are they headed for the rest of 2023? Let's find out together as we discuss the top HR statistics you need to know in 2023.
Remote work is here to stay
The COVID-19 pandemic has accelerated the shift toward remote work, and it is not going away any time soon. According to a study by Gartner, 88% of companies worldwide have encouraged or required their employees to work from home, and 82% of company leaders plan to allow employees to work remotely some of the time even as the pandemic has ended. What does that mean to you? Stop fighting the flight of your employees to WFH and adapt. HR professionals must develop strategies to support remote work, including virtual onboarding, employee engagement, and performance management.
Employee engagement is crucial for retention
Employee engagement has a significant impact on employee retention. You may have already sensed this, but the numbers definitely back it up. According to a Gallup study, highly engaged teams are 21% more productive and 59% less likely to leave their jobs. HR professionals need to prioritize employee engagement by implementing initiatives such as employee recognition programs, regular feedback and coaching, and career development opportunities.
Diversity, equity, and inclusion are essential
In 2023, diversity, equity, and inclusion (DEI) will remain a top priority for HR professionals. According to a study by McKinsey & Company, companies in the top quartile for gender, racial, and ethnic diversity are 36% more likely to have above-average financial returns. That reflects a broader trend in hiring. HR professionals need to ensure that their hiring practices, performance management systems, and company culture promote diversity, equity, and inclusion.
Upskilling and reskilling are necessary for the future of work
The skills required for the future of work are constantly evolving, and HR professionals need to ensure that their employees have the necessary skills to remain competitive. It's not just optional anymore, according to a study by the World Economic Forum, 54% of employees will require significant reskilling and upskilling by 2022.
HR professionals need to develop learning and development programs to equip employees with the necessary skills to adapt to changing job requirements. At Whirks, we offer a Learn & Grow add on that gives employers and employees access to to over 5000 learning platforms/trainings over a broad spectrum of industries. Check out our pricing to see if this add on might be right for your business.
Mental health is a growing concern
The COVID-19 pandemic has brought mental health to the forefront, and it will remain a top concern in 2023. According to a study by the Society for Human Resource Management (SHRM), 41% of employers increased their mental health benefits in response to the pandemic. HR professionals need to prioritize employee mental health by implementing initiatives such as mental health days, access to counseling services, and stress management programs.
Stay in the loop, make more data-driven decisions
In conclusion, HR professionals need to stay updated with the latest HR statistics to effectively manage their workforce and make data-driven decisions. By prioritizing these areas, HR professionals can create a positive and productive work environment that attracts and retains top talent.
Want some help with staying on top of it all? At Whirks, we offer HR support as a part of our Whirks People package, helping you not only stay compliant but also find ways to improve your overall hiring and employee retention goals. Check out our HR page to learn more about the various types of support you’ll get when you work with us!
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