Remove 2023 Remove Employment Remove Workplace Flexibility
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2024 workforce predictions: technology, ageism, and the flexibility to stop being so flexible 

Achievers

As 2024 takes shape, we expect to see a bit of a shake-up, with HR prioritizing key areas such as the employee-employee relationship, fostering trust during change, an unsettled talent market, defining workplace flexibility, and the pressures and opportunities of technology in the HR space. Here are our workforce predictions for 2024.

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49% of UK organisations’ 2024 salary budgets were lower than the previous year

Employee Benefits

Approximately 32,000 responses were received from employers across 168 countries worldwide, with 1,179 UK organisations responding. The findings revealed that overall salary budget increases are expected to rise by 4% in 2025, despite consistently declining since 2023, while the overall median pay rise for 2024 fell to 4.6%, compared 5.3%

Salary 105
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5 Key Trends and 5 Important Steps to Take Away From HUB’s 2023 Workforce Absence Management Survey

Griffin Benefits

HUB International’s 2023 Workforce Absence Management Survey, which surveyed 514 employers with 50 to 1,000 employees, found that remote and hybrid work trends continue, with more companies making these options standard. These same employers are also providing additional paid holidays and PTO. Additional paid holidays take hold.

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4 Attraction and Retention Trends to Monitor in 2023

CorpStrat

Last year’s labor market was a roller coaster and we believe 2023 will be no different. A lot is uncertain but one thing is clear: employers will struggle to compete for top talent. Today, we’re talking about four attraction and retention trends to watch in 2023.

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Recruitment roulette: Are you playing the fake flexing game?

Insperity

Clearly, the majority of job candidates prioritize workplace flexibility. So, it’s understandable that employers do what they can to make their company look attractive to them. It becomes a problem when companies downplay the aspects of their workplace that candidates may object to and try to present a rosier picture instead.

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UK salary budgets expected to decline in 2024

Employee Benefits

The global advisory, broking and solutions firm’s latest Salary budget planning survey found that UK employers are budgeting an average increase of 4.4% increase in 2023 and the average 4.3% Salary budgets for UK employees are expected to decline in 2024 after peaking this year, according to research by Willis Towers Watson.

Salary 69
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US Pregnant Workers Fairness Act comes into effect

Employee Benefits

Under the terms of the PWFA employers are obliged to provide reasonable accommodations for known limitations related to pregnancy, childbirth or related medical conditions. The US Equal Employment Opportunity Commission (EEOC) will now start accepting PWFA charges, which must be based on events that occurred on or after 27 June 2023.