Robert Elliot advised leaders to listen to employees through ERGs, emphasising the importance of understanding what employees feel is important and how they want to be supported.
By creating a comprehensive and supportive benefits package, organizations can foster a more engaged and productive workforce, leading to improved business performance, enhanced employee satisfaction, and stronger customer loyalty.
The gender dynamics in HR are striking. Women dominate the industry, accounting for 71% of HR managers according to Forbes, and 69% of HR professionals according to HRxAnalysts. However, disparities remain and the "glass ceiling" has not been fully broken.
Dr Herbert highlighted challenges for frontline staff in improving employee experience, including training gaps, limited career growth, and compensation dissatisfaction, requiring HR and customer experience teams to collaborate closely for solutions.
In Australia, 10% of women leave the workforce due to menopause. Supportive workplace policies are key to retaining many professionals who are in the prime of their careers.
Andy Baker emphasized that as more employees work remotely, the digital employee experience is expected to undergo significant evolution to enhance engagement and productivity.
The Deputy app released its annual Shift Pulse Report for 2024. The company surveyed more than 500,000 Australian workers about their job satisfaction.
The uncertainty and fear associated with layoffs can reduce engagement, decrease productivity, and increase turnover rates among remaining staff. Severance pay and other employee benefits also represent significant costs that can strain a company's finances
AI and automation, DEI initiatives, remote and hybrid work models, improved employee experience and data-driven decision making will define the future of talent acquisition. HR leaders and systems will be at the forefront of these trends.
According to a report by McKinsey, in just 22 years, generative AI will be able to fully automate half of today's work activities, including tasks related to decision-making, management, and stakeholder interaction.