Seven 2017 HR Trends You Need to Know About NowNatasia Langfelder |
Our members have spoken; We have compiled a list of the top HR trends these C-level executives are eyeing in 2017.
1. The end of the performance reviews as we know them.
The annual performance review has been dying a slow death for all of 2016. Employers around the globe are realizing that the rigid structure and once a year format isn't going to cut it in today's work environment. Some employers are moving to a model of “360 degree” feedback, with weekly or daily one-to-ones, or using mentoring. Others are going the quarterly route, making sure employees get feedback which will improve performance quicker and will resolve in a happier, more productive employee.
2. Move over Millennials!
Generation Z is going to enter the workforce. After years of being the star of the show, Millennials are going to have to take a seat as Generation Z enters the workforce. What will these entry level workers need to keep them engaged and productive? HR professionals are going to find out!
3. Re-evaluating ‘office perks’ as engagement tools.
Start-ups and tech companies, such as Google and Facebook, started the trend of filling offices with games, snacks and other fun distractions to help employees when they need a quick break. However, these perks have not seen the return that organizations expected; with benefits such as health insurance and compensation being a greater indication of employee retention.
4. The rise of the gig economy and ‘blended’ workforce.
Freelancers and contingent workforce are on the rise in almost every industry—in both skilled and unskilled occupations. Learning how to organize HR around a blended workforce, and managing talent attraction, retention and engagement is going to be high on everyone's list of tasks this year.
5. An increased importance on executive coaching.
Executive coaching programs and organizational academies started popping up all over in 2016. Many companies are looking to executive coaching to help fill the gaps and solve succession planning woes.
6. Increased emphasis on the ‘employee experience.’
Employee experience is coming to be seen as an integral part of employee engagement. Really putting into play the answers received from employee engagement surveys in order to improve company culture to ensure it suits your employees and provide a workplace that will result in high productivity.
7. Competition for top talent will be more intense than ever.
As companies race for that competitive edge, highly skilled workers will be in demand and leveraging their power in the market. Expect to work harder at employer branding and attracting talent this year.
What do you think? Are these initiatives on your roster for 2017?