SHRM Research: HR Strains to Meet Needs of Companies Stressed by Inflation
Ninety percent of HR professionals say they take immense pride in their work, but they’re stretched thin trying to meet their organizations’ needs, according to new research from SHRM. Inflation and its impact on their employer’s budget—especially on wages and hiring—continues to be their organizations’ overriding concern.
“SHRM has found that inflation?and talent shortages are still significant workplace concerns?among employees and employers alike,” said Johnny C. Taylor, Jr., SHRM-SCP, SHRM president and chief executive officer.
“As these factors influence employees’ standards for their organizations, as well as employers’ administrative capabilities, we urge all members of the world of work to maintain civility in 2024 and foster?a culture of mutual understanding.”?
In fact, 81 percent of HR professionals said maintaining employee morale and engagement was their top priority for 2024, and nearly 60 percent think their organizations were effective or very effective in fostering a civil, respectful workplace last year.