5 HR Trends in 2016 to Focus On
Time to take notes! Top 5 HR Trends in 2016 to Focus On
1. Data is HR’s Newest Friend
As data becomes easier to obtain, it subsequently becomes harder to ignore. HR can’t afford to ignore trends in data when making human capital decisions. Data can be utilized not only to measure employee performance, but can also aid hiring decisions. Industry analysis can predict whether an increase or decrease in the size of the workforce will be necessary in the future. In addition to predicting industry trends, HR managers can predict the future success of job candidates as well. Data has allowed employers to determine which candidates will be most effective at the firm. It’s time to trust the data—not your gut.
2. Generation Z is Arriving in 2016
Millennials have been shaking up workplace norms for years now. As Millennials continue to advance into management roles, a new generation of individuals is graduating from high school—Generation Z. While the exact age range of this generation varies among sources, the importance lies in the fact that they are entering the workforce in 2016. A flood of Gen Z will not occur in 2016, but rather a trickle. HR has a responsibility to prepare and cater to these individuals if hoping to attract top talent in the near future. The behaviors and motivations of Gen Z can be found here: /blog/how-to-attract-gen-z-employees-to-your-company
3. Flexibility at Work Has Been Trending for Years
Flexibility is an important tool in attracting top talent. Millennials sparked countless shifts in how work gets done at the office. Allowing employees to have an input on when and where they work should be considered a perk on par with company cars and cellphones. Influence over one’s schedule can entice candidates to pass up higher salaries offered at other companies. If HR has not made steps to increase employee flexibility, 2016 is the year to start.
4. The Affordable Care Act Hits HR Hardest in 2016
Penalties imposed by the ACA in 2016 will reach the maximum amount allowed under the law. HR has a responsibility to avoid fines through proper documentation and communication. Fluid communication between HR and Legal will allow HR to fully understand what the ACA demands and how to cope with changes in its policies.
5. Real-Time Feedback is Trending and Here to Stay
Employees should not have to wait for formal performance reviews to receive feedback. Real-time feedback is trending in 2016 because it benefits both employees and employers. The more aware of one’s self an employee is, the simpler they can fix bad behaviors before they become engrained in the their routine. In addition to more productive employees, the company benefits from the elimination of costs associated with formal performance reviews. Spending days or weeks reviewing employee performance is not an efficient use of time for upper management or the employees being reviewed. Extending the time between feedback will also decrease the accuracy of the feedback provided. HR needs to coordinate real-time feedback in 2016.