Today on The Small Business Show, we explore the future of HR into 2024. She’s joined by Sheryl LaPlace, a human resources consultant at Insperity. LaPlace brings a wealth of knowledge gained from extensive experience and insight into evolving HR trends, including the impact of technology, market shifts, and workplace cultural shifts.
Important points
1. LaPlace emphasizes that HR is continually evolving, especially in response to the coronavirus pandemic and advances in technology. HR professionals are adapting to a shrinking job market by rethinking their existing workforce, upskilling, and finding new ways to recruit and retain talent.
2. Artificial intelligence (AI) will have a major impact on HR, from simplifying administrative tasks to raising ethical and legal concerns, especially in areas such as recruiting and anti-bias. AI capabilities are changing the way HR functions work, and it is essential to strike a balance between leveraging technology and maintaining fair, human-centered practices.
3. Companies are increasingly recognizing the importance of investing in employee wellness programs that cover physical, mental, social, emotional and financial health. This holistic approach to employee well-being leads to increased engagement and productivity.
Four. There is a focus on creating a more inclusive workplace and expanding recruitment efforts to include diverse candidates. This includes partnering with organizations that support a variety of groups, including veterans, people with disabilities, and minority professional organizations.
Five. Beyond financial incentives, candidates are now looking for a workplace that aligns with their values and offers a supportive culture. This shift highlights the need for companies to define their values, act on them, and offer more than just competitive salaries to attract and retain talent.
“Human resources is one of those places that I feel will continue to evolve, just like the workplace.” – Cheryl LaPlace
