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HR Trends to Look out for in 2017

Thursday, December 22, 2016
2017 is just around the corner, what changes might it bring to the business world?

Most of us can agree that 2016 has been full of surprises and turbulence for people and businesses alike. However 2017 is closing in on us and that means that it’s time to look ahead and see what might be coming up for the HR World.

These are just some of our predictions but if you’d like to read about some definite changes that will be happening in then check out the summary of the Chancellor’s Autumn Statement here.
1. Recruitment
Globally, 83% of recruiters said that hiring top talent is their number one priority for 2017. Thanks to an influx of millennials now entering the labour market, businesses are adapting not just who they’re recruiting but how:

There is currently a trend for developing skills that individual employees already have, rather than outsourcing tasks or trying to make employees learn skills from scratch. This means that employers are likely to seek people with more diverse sets of skills that can be built upon through their career.  

Large multinationals are becoming more likely to heavily invest into internal referral schemes, which in the long run can reduce costs for them by reducing the number of applicants for a post, meaning they spend less time having to sift through CV’s and referees to find who they need for the post.

However when it comes to your average SME they are more likely to be participating in more “data driven” recruitment. Like it or not there is now a wealth of information about ourselves on the internet and it’s becoming more common for employers to have a look at their potential employee’s LinkedIn, Facebook or other social media as part of making their recruitment decision. More innovative assessments are becoming a bigger trend also, such as psychometric profiling in order to really get to know how a potential employee thinks and works, rather than how they believe they do.
2. Company culture
Company culture and employee engagement are both crucial and connected to each other. Recent studies have been showing that employees are becoming less trusting of their employers, although the reasons for why this is happening can only be speculated for now. To keep employees on their side employers must therefore build a bond and create trust, leading to higher staff loyalty and motivation, which in turn leads to lower staff turnover and more productive employees.

There are various ways that this kind of trust can be created and it often depends on the type of company that already exists. The clearest way to make these changes is to create an open culture in the work place, where people feel free to give and receive feedback and have a closer relationship with their managers. We believe we’re going to be seeing more fluid and engaging cultures within the workplace over 2017.
3. Performance management and review
According to PWC Research more than 60% of employees would like to receive feedback on a weekly, even daily, basis, and this figure is even higher for millennials with 72% of them wanting regular feedback. This shows us that long gone are the times of grading and rating your employees, it’s time to replace them with comments and real discussions instead.

Ever-evolving technology also plays a part in updating performance management and reviews. Some businesses are opting to invest in next-gen software offering more regular feedback and making it easier to hold ongoing conversations regarding employee’s growth and progress.

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