{"id":4211,"date":"2024-06-13T08:52:39","date_gmt":"2024-06-13T13:52:39","guid":{"rendered":"https:\/\/focusneurosales.com\/home\/?p=4211"},"modified":"2024-06-13T08:54:24","modified_gmt":"2024-06-13T13:54:24","slug":"5-key-hr-executive-challenges-for-2024-2","status":"publish","type":"post","link":"https:\/\/focusneurosales.com\/home\/5-key-hr-executive-challenges-for-2024-2\/","title":{"rendered":"5 Key HR Executive Challenges for 2024"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4211\" class=\"elementor elementor-4211\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3o0g0ig elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3o0g0ig\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ae5748a\" data-id=\"ae5748a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0d08f75 elementor-widget elementor-widget-heading\" data-id=\"0d08f75\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.2 - 11-05-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">5 Key HR Executive Challenges For 2024<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65324cf elementor-widget elementor-widget-text-editor\" data-id=\"65324cf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.2 - 11-05-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The 2023-24 SHRM State of the Workplace Report finds HR leaders caught between the<br \/>talent challenges of the past few years and an AI-powered future.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86b865d elementor-widget elementor-widget-text-editor\" data-id=\"86b865d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>THIS REPORT EXAMINES FIVE CRITICAL ISSUES<\/p><p>HR DEPARTMENTS WILL FACE IN 2024:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-277a0e7 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"277a0e7\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/focusneurosales.com\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Balancing Inflation and Talent Challenges<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Training an Evolving Workforce<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Realizing the Full Potential of AI<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Persistent Organizational IE&D and Mental Health Challenges<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Struggles with Engaging Workers<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f53546 elementor-widget elementor-widget-text-editor\" data-id=\"0f53546\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The report finds that HR executives often have more positive assessments of their departments than both HR workers1<br \/>and U.S. workers.2 When asked to grade their department\u2019s effectiveness, HR executives gave their department a B+ rating, and HR workers gave a B. But U.S. workers gave their HR departments a C rating. There has long been a gulf between how HR executives see their department and how workers experience it, but the gap is widening at a time when leaders need to understand and respond to the changing needs of their workforce.\u00a0<\/p><p>1. Refers to nonexecutive HR workers.<br \/>2. Refers to workers in non-HR roles.<\/p><p><br \/><b>THIS REPORT EXAMINES FIVE CRITICAL ISSUES HR DEPARTMENTS WILL FACE IN 2024:<br \/><\/b><\/p><p><b>Introduction<\/b>:<\/p><p><br \/>If transforming your department amid economic and political uncertainty sounds like a tall order, remember that your competitors operate in the same demanding environment.<br \/>Clear-eyed leadership may well be a decisive competitive differentiator in the years ahead.<br \/>As you read through the trends identified below, consider how your organization cana pproach each as an opportunity to surpass your competitors in 2024.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7f9b9f elementor-widget elementor-widget-heading\" data-id=\"f7f9b9f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Balancing Inflation and Talent Challenges<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-36837ba elementor-widget elementor-widget-text-editor\" data-id=\"36837ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While inflation has moderated in recent months, the cumulative effects of higher inflation\nbetween 2021 and 2023 will continue to impact workers and businesses in 2024. Inflation\nwas the most commonly cited organizational concern among HR executives, with 74%\nsaying inflation was a concern for their organization.\nThe labor market has cooled somewhat compared to the height of the Great Resignation,\nwith rounds of significant layoffs in tech, retail, manufacturing and finance making\nheadlines in the past year. Yet unemployment remained low at the end of 2023, and there\nare still more job openings than available workers. <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e6b6cdf elementor-widget elementor-widget-testimonial\" data-id=\"e6b6cdf\" data-element_type=\"widget\" data-widget_type=\"testimonial.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.2 - 11-05-2023 *\/\n.elementor-testimonial-wrapper{overflow:hidden;text-align:center}.elementor-testimonial-wrapper .elementor-testimonial-content{font-size:1.3em;margin-bottom:20px}.elementor-testimonial-wrapper .elementor-testimonial-name{line-height:1.5;display:block}.elementor-testimonial-wrapper .elementor-testimonial-job{font-size:.85em;display:block}.elementor-testimonial-wrapper .elementor-testimonial-meta{width:100%;line-height:1}.elementor-testimonial-wrapper .elementor-testimonial-meta-inner{display:inline-block}.elementor-testimonial-wrapper .elementor-testimonial-meta .elementor-testimonial-details,.elementor-testimonial-wrapper .elementor-testimonial-meta .elementor-testimonial-image{display:table-cell;vertical-align:middle}.elementor-testimonial-wrapper .elementor-testimonial-meta .elementor-testimonial-image img{width:60px;height:60px;border-radius:50%;-o-object-fit:cover;object-fit:cover;max-width:none}.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-aside .elementor-testimonial-image{padding-right:15px}.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-aside .elementor-testimonial-details{text-align:left}.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-top .elementor-testimonial-details,.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-top .elementor-testimonial-image{display:block}.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-top .elementor-testimonial-image{margin-bottom:20px}<\/style>\t\t<div class=\"elementor-testimonial-wrapper\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-content\">This leaves HR leaders in a delicate position,\nas fair compensation is a top priority for 87%\nof U.S. workers in 2024<\/div>\n\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a3088d elementor-widget elementor-widget-text-editor\" data-id=\"9a3088d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A combination of labor demand and pay transparency laws will incentivize companies to offer competitive salaries to attract and retain workers.<\/p><p>But businesses must also contend with rising\u00a0<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">osts in other areas, the drive to increase profits\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">and the need to hedge against a potential\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">economic downturn.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f495608 elementor-widget elementor-widget-testimonial\" data-id=\"f495608\" data-element_type=\"widget\" data-widget_type=\"testimonial.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-testimonial-wrapper\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-content\">About two-thirds (68%) of HR executives identified \u201cfinding ways to reduce costs\/improve efficiency\u201d as a top priority for 2024.4<\/div>\n\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4b7e48 elementor-widget elementor-widget-text-editor\" data-id=\"d4b7e48\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Most HR executives (51%) said they expect budget constraints to be a barrier to meeting organizational goals in 2024. Just 65% of HR executives said their organization reported planned staffing increases in 2024. Among those organizations, 79% are planning for pay increases of 4.9% or lower, roughly commensurate with the current inflation rate.<br \/>About half (52%) of HR executives said they considered inflation when determining pay<br \/>increases, but it is not a standard factor, while another 27% said they consider inflation as a<br \/>standard part of their annual cost-of-living pay adjustments.<\/p><p>\u00a0<\/p><p>This could be why few (35%) HR professionals3 believe their organization effectively\u00a0<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">delivered fair compensation to current employees in 2023. Notably, HR executives were\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">more optimistic and more likely to report effectiveness in providing fair compensation to\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">newly hired employees (64%) and current employees (55%) than HR workers (47% and<\/span><\/p><p>34%, respectively). Despite these differences in perspective, both groups agree that current\u00a0<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">employees lagged behind new hires.<\/span><\/p><p>At the same time, 39% of organizations plan to transition more of their workforce to inperson work in 2024, compared with just 5% transitioning toward remote work. Some\u00a0<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">employees will see the end of remote work as a loss of a benefit with monetary value, which\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">could blunt both the fiscal and psychological impact of pay increases. However, more than a<\/span><\/p><p>third of organizations (35%) plan to improve flexibility and leave policies to better fit their\u00a0<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">current workforce\u2019s needs\u2014perhaps to increase retention. This strategy could also help\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">attract prospective employees since HR professionals named schedule flexibility a barrier to\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">talent acquisition.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d9a336 elementor-widget elementor-widget-heading\" data-id=\"0d9a336\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">HOW SHOULD EXECUTIVES RESPOND?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58013af elementor-widget elementor-widget-text-editor\" data-id=\"58013af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Many workers are still struggling with the cumulative effects of two years of pay increases that didn\u2019t keep up with high inflation rates or productivity gains. In the long term, if workers can\u2019t connect their contributions and their compensation, it could lead to declines in morale and productivity. HR leaders must find ways to make workers continue to feel valued in a shifting work environment, especially since retaining a productive worker is more costeffective than replacing them. As the workplace evolves in response to some of the trends discussed below, upskilling workers and giving them clear paths to advancement may help improve retention, reduce skills gaps, and increase productivity while containing costs, offering executives the best of both worlds.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8a44c2 elementor-widget elementor-widget-heading\" data-id=\"e8a44c2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CHALLENGE 2:\nTraining an Evolving Workforce<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f907422 elementor-widget elementor-widget-text-editor\" data-id=\"f907422\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Heading into 2024, 37% of organizations plan to invest more in training and development, making it the most common investment area, while leadership development was the thirdmost common at 33%. Fewer organizations are planning increases for talent acquisition (29%).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c15aa1 elementor-widget elementor-widget-testimonial\" data-id=\"7c15aa1\" data-element_type=\"widget\" data-widget_type=\"testimonial.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-testimonial-wrapper\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-content\">Upskilling or reskilling the current workforce is a top 2024 priority for 53% of organizations, yet only 21% were very or extremely effective at upskilling or reskilling in 2023.<\/div>\n\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d28fa6 elementor-widget elementor-widget-text-editor\" data-id=\"6d28fa6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>What\u2019s driving the need for investments in training? About 12,000 people a day will reach the age of 65 in the U.S. in 2024, more than at any other time in the nation\u2019s history. Organizations know that retraining existing workers to replace retirees is more cost-effective than hiring new employees for critical roles.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db8c892 elementor-widget elementor-widget-text-editor\" data-id=\"db8c892\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Training is an area rife with opportunities for improvement. HR executives rated their organizations\u2019 training and development programs a B- on average, while U.S. workers would only give them a C. Training leaders and people managers will be a particular focus in 2024, as it offers organizations a cost-efficient chance to increase staff retention rates and organizational effectiveness. Progress is needed, considering HR executives give their organizations a C+ for leadership development, and U.S. workers would give them a D+<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bee0111 elementor-widget elementor-widget-text-editor\" data-id=\"bee0111\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>HOW SHOULD EXECUTIVES RESPOND?<br \/>Today\u2019s HR leaders can see two accelerating trends poised to transform workplaces. Baby Boomers are leaving the workforce just as AI tools become increasingly capable of automating many basic tasks. The remaining workers will<br \/>need training to replace departing colleagues and work productively alongside AI.<br \/>It\u2019s critical that HR leaders not only fund training and development programs in their organizations but also look to modernize their approach and address longterm challenges. Rather than treating the need for enhanced training as a resource sink, treat it as a chance to modernize your workforce and enhance productivity while showing your workers you\u2019re willing to invest in them.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5289f9 elementor-widget elementor-widget-heading\" data-id=\"c5289f9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CHALLENGE 3:\nRealizing the Full Potential of AI<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3a3e74 elementor-widget elementor-widget-text-editor\" data-id=\"d3a3e74\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">Looking ahead, another 26% of HR departments plan\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">to adopt AI tools in 2024 or later. This means that by<\/span><\/p><p>2025, half of HR departments could be using AI.\u00a0<\/p><p>9 Among HR professionals who use generative AI, 60% considered it \u201cquite\u201d or \u201cextremely&#8221; useful. Only 5% said it was not at all useful. Despite AI\u2019s utility, only 20% of HR professionals report that integrating it into the workplace is a high priority in 2024.<\/p><p><br \/><b>HOW SHOULD EXECUTIVES RESPOND?<\/b><\/p><p><br \/>AI adoption will be about balance for most organizations. Businesses should not rush into AI use without a coherent strategy and sound policies to govern its use, but they also shouldn\u2019t try to avoid the technology. HR leaders need to use this time to actively study potential use cases and risks rather than passively waiting to see what approaches become dominant. With careful planning, you can ensure strategic alignment between your AI use and your talent strategy, particularly regarding training and development. Your workers will need to adapt to AI and will need organizational support to adjust to the new working methods associated with these tools.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe73c66 elementor-widget elementor-widget-heading\" data-id=\"fe73c66\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CHALLENGE 4:\nPersistent Organizational IE&amp;D and Mental Health Challenges<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05d1cd3 elementor-widget elementor-widget-text-editor\" data-id=\"05d1cd3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Only 52% of organizations are planning to implement or expand inclusion, equity and diversity (IE&amp;D) initiatives. In a Q4 2023 survey for SHRM\u2019s CHRO Business Outlook, CHROs were asked how much their organization prioritized IE&amp;D. Half (50%) indicated that it was not a priority or a low priority, compared with 39% who said the same in Q4 2022.<br \/>There are many reasons why IE&amp;D programs could be floundering.\u00a0<\/p><p>It could be about a shift in priorities, a lack of resources, or perhaps some IE&amp;D programs aren\u2019t delivering the results HR leaders expected. Or it may reflect concerns about potential legal challenges to programs designed to promote workplace diversity in the wake of the U.S. Supreme Court\u2019s recent ruling on affirmative action.<\/p><p><br \/>Whatever the cause, IE&amp;D programs are struggling. Organizations\u2019 2023 IE&amp;D efforts received a C rating on average from U.S. workers, HR workers and even HR executives, who typically assign higher grades to their organization\u2019s performance in most areas. According to HR professionals, just 28% of organizations were effective at achieving greater workplace IE&amp;D in 2023.<\/p><p>Yet only 39% of organizations plan to increase mental health benefits in 2024. At the\u00a0<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">same time, just 35% of HR professionals said their organization is effective at supporting\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">employees with mental health concerns.<\/span><\/p><p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">Part of the challenge may be that many organizations aren\u2019t evaluating IE&amp;D and mental\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">health programs properly. According to SHRM research, only 25% of HR professionals said\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">their organization measured the effectiveness of their IE&amp;D programs in 2022, and just\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">17% said the same for mental health programs. If these programs aren\u2019t being tracked and\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">continuously improved, they won\u2019t deliver the results HR leaders need.<\/span><\/p><p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-383982d elementor-widget elementor-widget-heading\" data-id=\"383982d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">HOW SHOULD EXECUTIVES RESPOND?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cd775d elementor-widget elementor-widget-text-editor\" data-id=\"3cd775d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Instead of seeing IE&amp;D and mental health as separate challenges that can be ignored in favor of focusing on engagement and retention, you need to recognize that these are parts of the same conversation and require a coordinated approach.<br \/>Rather than de-emphasizing these critical areas, look for ways to make IE&amp;D and mental health programs more systemic and integrated into all employee experience programs so they\u2019re strategically aligned with your organization\u2019s<br \/>broader talent goals.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c387c41 elementor-widget elementor-widget-heading\" data-id=\"c387c41\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CHALLENGE 5:\nStruggles with Engaging Workers<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3100df elementor-widget elementor-widget-text-editor\" data-id=\"e3100df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">HR departments are not immune to morale challenges. More than half of HR professionals&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">feel they are working beyond their typical capacity (57%) or are short-staffed for&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">their workload (56%), and there are significant turnover implications as a result. HR&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">professionals who say they are working without enough staff for the workload are more&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">likely to say they are actively searching for another job (34% versus 22%). In addition, HR&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">professionals working beyond their typical capacity are also more likely to say they are&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">actively searching for another job (31% versus 22%).<\/span><\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">&nbsp;<\/span><\/p>\n<p>However, only 29% of HR workers said their&nbsp;<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">organizations were effective at retaining top talent&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">in 2023, and just 45% of HR executives stated that&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">their organizations were effective in this regard.<\/span><\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">&nbsp;<\/span><\/p>\n<p>13&nbsp;<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">Perhaps this is why more than half of HR executives&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">(58%) say limited time or dedicated personnel is a top<\/span><\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">barrier to achieving 2024 priorities. Organizational&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">budgets are not likely to address these issues in 2024.&nbsp;<\/span><\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">&nbsp;<\/span><\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">About half (52%) of HR executives say they expect&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">their organization\u2019s investment in HR to remain&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">the same in 2024, while 37% say they expect their&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">organization will invest more in HR. Just 34% of HR&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">professionals report increasing their budget for HR&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">employee compensation for 2024.<\/span><\/p>\n<p>This reflects HR executives\u2019 various high-stakes&nbsp;<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">challenges, tight budget pressures and high&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">board expectations.<\/span><\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">&nbsp;<\/span><\/p>\n<p>HOW SHOULD EXECUTIVES RESPOND?<\/p>\n<p>HR departments are right to focus on morale and employee engagement in 2024,&nbsp;<span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">but many departments will need additional resources to counter their challenges&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">effectively. Burnout is a real risk for HR professionals at the executive and&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">nonexecutive levels. Remember that you won\u2019t be able to help others with their&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">challenges if you aren\u2019t engaged and energized by your work. Carefully monitor&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">your stress and apply self-care as needed. You need to look for ways to cultivate&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; color: var(--ast-global-color-3);\">resiliency, in both yourself and in your organizations, throughout 2024.<\/span><\/p>\n<p><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-abfea34 elementor-widget elementor-widget-heading\" data-id=\"abfea34\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><p style=\"font-size: 15px; font-style: normal; font-weight: 400; color: rgb(75, 79, 88); font-family: Arial, Helvetica, Verdana, sans-serif; white-space-collapse: collapse;\"><span style=\"color: var(--ast-global-color-2); font-family: Arial, sans-serif; font-size: 2.66667rem; font-style: inherit; white-space-collapse: preserve;\">Conclusion<\/span><span style=\"color: var(--ast-global-color-2); font-family: Arial, sans-serif; font-size: 2.66667rem; font-style: inherit; white-space-collapse: preserve;\"><\/span><\/p><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68d50d3 elementor-widget elementor-widget-text-editor\" data-id=\"68d50d3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-size: 15px; font-style: normal; font-weight: 400;\">Workplaces have endured a lot of\u00a0<span style=\"color: var(--ast-global-color-3);\">transformation in the last four years,\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">but the changes behind are nothing\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">compared with the ones that lie\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">ahead. In 2024 HR will bridge old\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">and new ways of thinking about how\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">organizations source, compensate, train\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">and engage talent. The companies that\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">will thrive in the world of work to come\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">will be the ones that lay the foundations\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">for those changes now. That will require\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">strong leadership and the willingness\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">to rethink old policies and procedures\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">so that human intelligence remains the\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">heart of the workplace experience no\u00a0<\/span><span style=\"color: var(--ast-global-color-3);\">matter how advanced AI becomes.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>5 Key HR Executive Challenges For 2024 The 2023-24 SHRM State of the Workplace Report finds HR leaders caught between thetalent challenges of the past few years and an AI-powered future. THIS REPORT EXAMINES FIVE CRITICAL ISSUES HR DEPARTMENTS WILL FACE IN 2024: Balancing Inflation and Talent Challenges Training an Evolving Workforce Realizing the Full &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/focusneurosales.com\/home\/5-key-hr-executive-challenges-for-2024-2\/\"> <span class=\"screen-reader-text\">5 Key HR Executive Challenges for 2024<\/span> Leer m\u00e1s &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","_joinchat":[]},"categories":[1],"tags":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"focusneurosales@gmail.com","author_link":"https:\/\/focusneurosales.com\/home\/author\/focusneurosalesgmail-com\/"},"uagb_comment_info":17,"uagb_excerpt":"5 Key HR Executive Challenges For 2024 The 2023-24 SHRM State of the Workplace Report finds HR leaders caught between thetalent challenges of the past few years and an AI-powered future. THIS REPORT EXAMINES FIVE CRITICAL ISSUES HR DEPARTMENTS WILL FACE IN 2024: Balancing Inflation and Talent Challenges Training an Evolving Workforce Realizing the Full&hellip;","_links":{"self":[{"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/posts\/4211"}],"collection":[{"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/comments?post=4211"}],"version-history":[{"count":3,"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/posts\/4211\/revisions"}],"predecessor-version":[{"id":4215,"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/posts\/4211\/revisions\/4215"}],"wp:attachment":[{"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/media?parent=4211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/categories?post=4211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusneurosales.com\/home\/wp-json\/wp\/v2\/tags?post=4211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}