The ongoing impact of the pandemic has forced companies to continuously reevaluate their plans for when, where, and how we work. While everyone agrees that hybrid work arrangements are here to stay, there are other trends to watch in the coming year. Below are some 2022 HR trends to watch.
The number of resignations shows no sign of slowing down in the coming year. According to a recent Korn Ferry survey, more than half of the executives they surveyed believe the number of resignations will increase in 2022.
Employee incentives are on the rise. Because of the number of people leaving for new and or different positions, companies are offering more benefits, higher pay, and signing bonuses to bring in candidates and keep existing employees.
Focusing on the employee experience, progressive companies know that money and benefits only go so far as to recruit and retain employees. They also need to understand the pain points employees are experiencing and work together to improve the culture.
A recent trend that will increase is the need to reskill and upskill existing employees. The pace of technology innovation is creating the need for new skills so quickly that one of the best options to fill these roles is to look internally.
Reconsidering hiring criteria is becoming more common. Four-year degrees are not as crucial for new technology roles. Industry experience carries limitations as well as benefits. A fresh eye on soft skills and lateral thinking has proven to be just as effective in hiring.
As roles evolve with technology, HR teams are following suit. Jobs are becoming more strategic and less tactical, and HR teams can focus more on the strategic thinking a candidate displays. This provides a deeper level of understanding candidates’ strengths before they become an employee.
As we move to remote work arrangements, the onboarding process will need to be reconsidered to support new employees who are not in the office. Typically, when informal relationships are formed, the first few weeks of employment will need a concerted effort to integrate new hires.
More than three-quarters of those surveyed by Korn Ferry said they miss traveling. The reduction in travel will likely remain in place for 2022. In addition to the uncertainty, the savings in travel expenses are helping offset higher costs in other areas.
For a while, corporate social responsibility (CSR) has been a trend and continues to gain traction, especially with younger employees. Companies need to tangibly demonstrate their CSR work from green initiatives to giving back to the community.
Diversity, equity, and inclusion (DE&I) are perhaps some of the most vital HR trends for 2022. Much like CSR, DE&I continues to gain strength. Studies validate the business results of having a diverse leadership team and board. Benefits include increased profits as well as improved innovation in offerings.
Some of these trends may be new to you, while others are continuous trends we are all working towards. If you have questions or need help with your HR leadership, send us a note, as our retained recruiters can help with your executive hiring and cultural refinement.