Posted by Dave • January 4, 2021 (Last modified August 15, 2023) • 8 min read
The new year has arrived and HR professionals are busy preparing their organizations and employees for an outstanding 2024 by setting up Human Resources initiatives for 2024. A few months ago, we sent a survey to the Trakstar user base and posed the question, “What is your top employee/HR initiative?”
The open-ended question generated a total of 359 responses. Survey participants were mostly from organizations with 1-300 employees and primarily represented the following industries:
We compiled the results and identified 302 responses that demonstrate trends within the HR profession. Based on our survey results, here are the top 24 HR initiatives for 2024.
Increasing employee engagement is overwhelmingly the top priority for HR professionals going into 2024. While many people have their own definition of engagement, we here at Trakstar believe it’s the combination of employee happiness and productivity, driven by intrinsic motivation.
We should note that multiple respondents specifically mentioned measuring engagement with employee surveys as their top initiative. Gauging the intrinsic motivation of the entire workforce is challenging but can be accomplished by sending surveys containing the right questions.
Additional employee engagement resources:
A large number of survey participants expressed a desire to improve employee performance reviews and their day-to-day performance management practices. This is an unsurprising trend given that accurately completing employee evaluations is an on-going struggle for many organizations.
There were several specific responses related to employee performance reviews, including:
The main takeaway from the points above is efficiently and effectively completing performance reviews is a key objective for 2024.
Additional employee reviews and performance management resources:
Many HR professionals hope to improve their organization’s employee training and professional development efforts in the coming year using employee training software. Successful training programs improve performance while also boosting employee engagement. Employees get better at their jobs and appreciate having access to free skill-development coursework that will lead to new career opportunities.
More specifically, five participants mentioned creating clear career development paths for employees and two said they hope to train and promote new managers from within.
Additional employee training and development resources:
Setting employee goals and objectives is another major priority for HR professionals going into 2024. Three respondents clarified they hope to align company and employee goals to ensure every team member positively contributes to the organization’s bottom line.
Goals are the foundation of a successful performance management process. Employees are productive when they know what tasks and projects will help their team succeed. And performance reviews are accurate when raters evaluate employees on clear and quantifiable objectives rather than on generic competencies unrelated to the role.
Additional employee goals and objectives resources
Many survey respondents said retaining employees and decreasing turnover is their main initiative going forward. Even though the job market currently favors hiring companies, recruiting and training new employees is a costly and time-consuming undertaking.
Employee retention ensures day-to-day operational efficiency. According to SHRM, the average time-to-hire is 42 days, which means progress is impeded for nearly a month and a half while key positions remain vacant. Problems can be avoided and progress will continue simply by retaining talented and knowledgeable team members.
Additional employee retention & turnover resources
The pandemic is on everyone’s mind going into the new year, including the HR professionals responsible for the health and safety of their employees. It was certainly the most prevalent workforce trend of 2020 and employers will continue to deal with the new reality going forward.
Of the 19 respondents who said COVID-19 is their top 2024 initiative, 12 provided the following context:
Additionally, 11 survey participants said transitioning to a remote organization is their main priority. We’ll cover that topic more in a later section.
Building a diverse and inclusive workforce is another major HR focus for 2024. Not long ago, the makeup of the staff was hardly a concern for most organizations but it’s now a top priority across the HR profession.
Numerous organizations attribute their success to the diversity of the people they employ. An inclusive culture improves employee performance, engagement, and retention. And great ideas come from a collaborative work environment consisting of people who have different life experiences and perspectives.
Additional diversity and inclusion resources:
As technology continues to advance, many HR professionals want to take better advantage of their employee management systems. Some respondents hope to increase both manager and employee participation in their Trakstar performance management solution. Others expressed a desire to integrate their different software or implement a Human Resource Information System (HRIS).
Once the right HR technology is in place, many of the other 2024 initiatives are easy to accomplish. Employee engagement, goals, and performance are measurable with a solution like Trakstar. Employee training programs are seamlessly created using a Learning Management System (LMS). And the hiring process for multiple positions is efficiently managed with an Applicant Tracking System (ATS).
Additional HR software resources:
Many survey respondents are focused on growing their organizations and expanding their staff in 2024. Organizational growth may be the most challenging initiative on this list, depending on how ambitious the targets are.
Hiring for multiple positions requires a smart approach. The organization must prioritize the important positions it needs to fill, source a pool of qualified professionals, and effectively evaluate the top candidates. The right hiring decisions must be made for each position so the organization gets the best people in place to achieve its goals.
Additional growth and hiring resources:
Due to COVID-19, remote work suddenly became one of the biggest workforce trends of 2020. It will not only continue for the foreseeable future but many organizations have already decided to allow their employees to work from home indefinitely.
Multiple survey participants specified that they’ll need to develop remote work guidelines and implement new software that will allow for virtual collaboration. Others mentioned they plan to support the mental health of their employees working from home and put measures in place to help them be productive.
That concludes the top 10 HR initiatives for 2024. Here are other common trends based on our survey results.
There are a wide variety of initiatives HR professionals will focus on in 2024. The overall trend seems to be that organizations will strive to improve the employee experience and ensure productivity after what was a trying 2022.
From all of us here at Trakstar, we wish you a Happy New Year and the best of luck with your 2024 goals, both personally and professionally.
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