The Future of HR

The Future of HR

Paycor asked 500+ CEOS, CFOs and HR executives about their human resources challenges, the impact of artificial intelligence and big data and their priorities over the next few years. We compiled the results and are sharing the findings and key takeaways in our report, The Future of HR. Here’s a sneak peek.

45% of Human Resources Professionals Are Concerned About Recruiting & Retention

With unemployment at an all-time low, companies are being forced to up their recruiting game or risk missing out on top talent. But it’s not just about attracting employees. The average worker will change jobs at least 12 times throughout their career, which puts pressure on HR to engage, train and develop talent so they’ll never want to leave. This is why HR teams will invest heavily in talent management initiatives like learning programs and company-wide training to help create the ideal employee experience.

By 2022, HR Teams Will Be Focused On…

  • Training & Development
  • Retention
  • Employee Morale
  • As companies invest in HR technology to eliminate manual admin work, HR teams will have more time to focus on the softer side of HR: creating a culture that employees will never want to leave. Enhanced coaching and more frequent feedback sessions will become the norm, offering managers more opportunities to help their people learn and grow. As HR teams prioritize talent management as a whole, look for engagement and retention rates to increase.

    To access the full report, please complete the form below.

    What Will HR Look Like In 2022?

    Download our report to find out!

    More to Discover

    HR

    Ban the Box: State-by-State

    Ban the Box: State-by-State

    One in Three American Adults Have a Criminal History In the past, having a criminal history prevented some potentially great job candidates from being hired, regardless of how long ago the crime took place, how minor the infraction was, or how good of a fit they might be for the role. When you consider that an estimated 70 million Americans—one in three Americans who are of working age—have some kind of criminal history, it’s not difficult to understand how requiring a squeaky-clean record could become problematic for some jobs. Even People Without Convictions Can Be Discriminated Against Many criminal background checks fail to distinguish between someone being arrested or charged and actually being convicted. Potential employees are...

    HR

    Are Domestic Partner Benefits Mandatory?

    Are Domestic Partner Benefits Mandatory?

    A Brief History: Only What You Need to Know The roots of domestic partner benefits stretch way back to 1982, when the City of San Francisco enacted legislation to offer health insurance coverage to the same or opposite sex partners of its unmarried employees. “Domestic partner” soon became the official legal term used by insurers and private and public employers. Also, in 1982, New York City newspaper The Village Voice became the first private employer to offer domestic partner health care benefits. Many other companies and municipalities followed suit. Fast forward to more than 30 years later when, in 2015, the United States Supreme Court ruled that domestic partner benefits apply to both same-sex and unmarried opposite-sex couples....

    Banker

    3 Reasons CFOs Should Care About Employee Benefits

    3 Reasons CFOs Should Care About Employee Benefits

    If you think the realm of employee benefits is strictly HR’s domain, it’s time to change your thinking. Labor costs, including employee benefits, is often the largest expense of any organization and should be closely watched by both HR and finance. More financial leaders are taking an interest in human resources and starting to expand their influence outside the traditional areas of accounting. A recent Robert Half survey showed CFOs are more likely to expand their reach into HR more than any other department. 39% of CFOs said their role expanded into HR the most Source: Robert Half If you’re hands-off when it comes to employee benefits, it’s time to get his/her attention. Here are three reasons why a CFO should care: A Healthy Workforce...

    CFO

    5 Cost-Containment Strategies to Make Benefits a Competitive Advantage

    5 Cost-Containment Strategies to Make Benefits a Competitive Advantage

    A diverse mix of benefits are one of the most critical tools employers can offer to attract top talent—but companies can’t ignore the impact benefits have on retention. Still, some financial leaders hesitate to invest in a variety of benefits packages due to the costs involved. Paycor analyzed more than 30,000 medium and small businesses and found that as organizations offer more benefit plans, there’s a substantial improvement in turnover. Specifically, organizations offering six benefit plan types saw turnover improve 138%. Check out our infographic below which examines five cost-containment strategies CFOs should consider to avoid breaking the bank.