Thoughts on HR challenges
This originally started off as yet another "What is going to happen in 2023" prediction article, until I quickly realised nobody can predict what is going to happen (who'd have guessed 2020...) so instead I've written a few words about what I see as some of the current challenges.
None of this will be rocket science or come as a surprise - but it's certainly helped me articulate my thinking and get everything into one place for my discussions.
This is intended to provoke thoughts and discussions from my connections so please comment if you agree, disagree or have other ideas. You feedback really helps ??
Supporting the workforce through the economic downturn
It's looking like at least the first half of 2023 is going to be even more gloomier than 2022, so supporting employees can no longer just be about helping them thrive at work - it'll be about helping them survive outside of work as best we can.
I've seen various initiatives companies are doing to trying to support, some of this is tech based... others are simply policy changes.
On top of this, are you getting payroll right - every. single. month? Incorrect pay as we know can be a huge unwanted stress for employees, especially if they end up waiting a month for any owed money. Getting the right technology in place to ensure a 100% accurate payroll is a must.
These aren't the 'new' ways of working anymore
Creating the working models for the post-COVID world has been a huge drain for HR but I believe 2023 will cement the hybrid model as the de-facto standard for ‘office workers’. We should no longer refer to this as ‘the new world’ as we know employees expect (and demand) this level of flexibility when searching for new roles now.
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Companies with a mixed employee base such as hospitality, retail and manufacturing - where it’s not always appropriate or possible for employees to work remotely, will face the biggest challenge. Creating a workforce based on equity with fairness at the centre should be our goal, and that might mean offering these workers other perks and benefits to balance things out.
Holding ground won't win the war on talent
We made all kinds of changes and gestures as part of the pandemic to attract and retain talent.... so what now?
I see the continued war on talent getting even more fierce, those who jumped ship over the last few years will now be settled into their new jobs - and either loving live, or starting to remember how easy it was to move...
Getting the most out of your data investment
Companies are also feeling the pressure of the economic downturn and the potential increases in costs related to people - to help manage their way through this they are looking to make better data driven HR decisions.
We've seen a lot of companies spend the money to move to a modern SaaS platform and then spend time to capture all this lovely data about people... but unless you're now doing something with that, it's sitting there a bit useless.
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2 年I agree that bringing forward pay reviews or supplementing pay with special one-off payments, where appropriate, can be a meaningful gesture to show employees that their hard work and dedication is appreciated. Although this may not always be feasible, exploring the possibility of providing additional financial support to employees can go a long way in boosting morale and improving job satisfaction.
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2 年I've just listened to a great conversation on Economic and skills challenge which spoke to some of your points Dan. Leaders from Wincanton, Co-Op Group, Entain and Skanska gave a lot of insight into what they've done within their own organisation. It's worth a listen. https://videohub.oracle.com/media/Oracle%20Economic%20and%20Skills%20Challenges%20Webinar/1_hoi8kb9x
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2 年Interesting thoughts Dan. I think there is a correlation between those effected most by the economic crisis and those who are unable to work from home - I.e the front line workers who continued to work through the pandemic (putting their health at risk) but who are quite often on a lower salaries than office workers. Is there enough done for those workers? Especially when there are additional challenges such as train strikes which means those who do commute to a physical work location are further put at disadvantage. Can we as a society (& as employers) do more to support these workers - reduced costs for travel, discounted food shopping etc? It is great that many organisations are continiuning WFH practices and putting in place support such as financial advice, but when you are financially disadvantaged from the start and not able to WFH, advice like this is sometimes irrelevant or too late. We also need to ensure people have access to mental health support with EAPs etc as these times are so challenging that many people are struggling to cope and we need to ensure that they have a safe environment to be honest, talk about issues and not feel judged in any way.