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HR Trends of 2021 - top 5

HR Trends of 2021 - top 5

 
With covid restrictions coming to an end, we are seeing a transformation of the workplace as never before, and these changes are here to say. We have used surveys, studies, and reviews to determine a top 5 list of HR trends for 2021.
 
An overview of top 5 HR Trends of 2021. Including retention, burn out, younger generations, people analytics, nudging…

1. Retention comes with external mobility

Nearly 50% of employees who left Schneider Electric, a company with a headcount of more than 135,000 across 100 countries, claimed that their reason for leaving was a lack of development of their career.
 
As a response, the Schneider Electric team developed an internal talent mobility platform to respond to this business demand. It connects workers with new part- and full-time employment as well as assignments and mentoring engagements. You are probably well aware of how pricey the recruitment industry is. The cost of hiring someone from outside your organization can be considerably impacted by the technique of recruitment, the level of the position, the length of the process, and the geographic location. Internal mobility has a lot of benefits, including the fact that the candidate is already known to the HR department and does not need to adjust to the business.
 
Employees can explore new tasks or areas of expertise, take on new challenges, learn new skills, and continue to grow professionally thanks to internal mobility. In doing so, they continue to be engaged and driven, feeling valued, supported, and encouraged in the organization's career development. By providing a better response to employees' needs and career objectives, internal mobility directly influences employee retention.
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It costs less to retain an employee than it does to recruit a new one.

2. Burnout is affecting millennials more than ever

 
With supervisors above and supervisees below frequently switching places, middle management is known to be a challenging position. It can be difficult and alienating; according to a Columbia University study from 2015, 18% of middle managers reported having depressive symptoms, compared to 12% of blue-collar workers and 11% of owners and executives. Middle managers are finding it tougher than senior executives to preserve workplace relationships, according to research conducted during the epidemic, and only half of them feel they can rely on their coworkers.
 
Millennial middle managers are especially likely to be feeling the pinch. According to a MetLife study, millennial managers are much more likely to report burnout than managers from any other generation. That's partly due to growing up in a society that values excessive effort, as well as being a generation burdened with parental and child care duties. It's also understandable that millennial middle managers are worn out, demoralized, and stressed as the pandemic approaches the one-year milestone.
 
The covid pandemic increased sources of work-related stress of many types, and middle managers in their twenties experienced some of the harshest effects. The switch to remote work made the most fundamental component of their job—managing staff on a day-to-day basis—much more challenging. At the same time, obligations for the mental and emotional health of workers increased, and many middle managers discovered that they were battling to prevent their direct reports from becoming burnt out.
 
 

3. Leveraging people analytics to solve business challenges

 
One of the most in-demand talents for HR professionals is people analytics. A variety of use cases where HR leaders are using data to solve business problems are highlighted in a Future Workplace's course, including identifying high potential employees, comprehending benefit selections, and offering advice on how to personalize learning solutions.
 
Using data to examine the attrition of a varied employee population and comprehend why some individuals are leaving the organization at a higher rate than others. The right questions can be answered by using data analytics, such as who is in charge of the high potential and promotion process, what qualifications must be met, and whether there is evidence of unconscious bias in the selection procedure. Employing people analytics to DEI enables businesses to comprehend many underlying reasons, form a hypothesis, pinpoint actions supported by facts, and use data storytelling to suggest solutions to the business problem.
 
 

4. Understanding the younger workers

 
With firms managing a workforce made up of traditionalists, baby boomers, Generation X, and millennials—who currently make up more than 50% of the global workforce—it's an exciting moment to work in the human resources field. Generation Z is joining the workforce as well.
 
Younger workers shake up the old workplace with their ideals and career aspirations, causing fundamental change, as the number of young workers increases. In order to balance their lifestyles, Millennials and Gen-Zers seek for remote employment options as well as flexible work schedules. These generations have learnt to value collaboration, teamwork, and doing good deeds highly because they were raised on gold stars and trophies.
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60% of Gen-Zers expect at least one check-in each week from their supervisors.

5. Say yes to nudging and goodbye to policing 

According to Wikipedia, nudging is a concept in behavioral science, political philosophy, and economics that suggests using indirect recommendations and positive reinforcement to change how people behave and make decisions. Other methods of achieving compliance, such as education, regulation, or enforcement, contrast with nudges.
 
These days, you can see roughly two streams if you enter an office. Stream 1 chooses "policing." The walking direction is specified by arrows, there are signs everywhere warning people to keep their distance of 1.5 meters, and some parts are off-limits. Stream 2, the alternate, selects nudging. The office has been restructured in a way that makes the required behavior seem natural. For instance, desks are placed on carpet that is dark. People will automatically maintain the correct distance since they have a tendency to avoid stepping on the dark carpet.

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