Despite the difficult economic climate, it is still a jobseeker’s market and candidates are demanding more from their employers in terms of flexibility, employee experience and career progression. As a result, attracting top talent has become more challenging – a fact not lost on the HR professionals surveyed for this report series.
This study demonstrates that for HR decision-makers, retaining talent and improving company culture have risen to the top of their priorities. Progressive businesses understand that a healthy culture based on transparency and communication drives sustainable growth and positive business outcomes, and that it is intrinsically tied to being able to attract and retain the best talent.
Interested watchers of the industry may already have observed that the HR function is steadily repositioning itself from cost-centre to profit-centre. Many HR teams have a wide portfolio of responsibilities, including equality, diversity and inclusion (EDI), engagement, performance and workforce planning – all cornerstones of strategic people management and indicators of modern, progressive employers.
With a broad and complex remit, HR is turning to technology to help streamline processes, reduce administrative burdens and costs while competing more effectively for global talent. Understanding the impact of technology on people is therefore critical.
It's clear the way we lead and manage people must evolve in line with a shift in focus from pure financials to creating cultures align with values. New management styles, more diverse teams and democratic outlooks are on the horizon with many organisations evidently moving towards a digital-first, hybrid working model centred around people. This research will do much to inform employers, business leaders and policy-makers on how best to negotiate this rapidly shifting landscape.