Embrace the new year by staying ahead of the game in HR. The HR landscape is rapidly evolving in 2024, driven by AI integration, growing uncertainty, and the rise of skills-based organizations. Here are the most important findings and facts from the 2024 HR Trends whitepaper:
- Assessments Matter: Utilizing assessments for objective selection not only expands candidate pools but also reduces unconscious bias. Moreover, they help identify candidates with transferable skills for immediate success.
- Welcome AI, but Keep a Human Touch: While 88% of HR executives feel prepared for AI’s lack of transparency, 76% of HR professionals still harbor doubts about AI decisions without understanding the underlying algorithms. So, it’s crucial always to have a human element involved in analyzing assessment data to catch any potential biases.
- Skills-Based Organizations Thrive: With 90% of executives acknowledging the increasing significance of cross-functional work, and 81% of workers favoring skills-based employers, embracing a skills-first approach is crucial for success.
- Benefits of Skills-Based Hiring: Organizations that prioritize skills-based hiring enjoy numerous advantages. They are 107% more likely to place talent effectively, retain high performers by 98%, and gain a reputation as a fantastic place to work and grow.
In conclusion, the 2024 HR Trends whitepaper underlines the responsibility of using AI, emphasizes the importance of skills-based hiring, and highlights the value of assessments in making informed talent decisions. To thrive in the ever-evolving HR landscape, adapting to these trends is essential for organizations to stay competitive and foster a thriving workforce.