HR Trends for 2020

TOP 5 HR GNITLUSNOC B&I TRENDS THAT MATTER MOST IN THE 2020 WORKPLACE Transforming the Future of Work

Employee Wellbeing THINGS TO Remote Workforce Engagement INCLUDE IN YOUR Re-Defined Learning HR AGENDA Employee Experience Platforms POST-COVID Data Analytics  As the world starts taking the first shaky steps toward strange versions of normalcy, uncertainty remains the only certainty. Where is business headed? What challenges will HR face in rebuilding a rebooted world.

As the world shifts to online work and businesses struggle to reinvent themselves, organizations need to learn what kinds of new products and services will appeal to their consumers and learn how to create them. Leaders must learn how to keep a distributed workforce focused, energized, and attuned to customers’ changing needs. PESHKAM AND PETRIGLIERI (INSEAD EXPERTS) I&B CONSULTING | HR TRENDS FOR 2020

FOCUS ON EMPLOYEE 1 WELLBEING I&B CONSULTING | HR TRENDS FOR 2020 I&B CONSULTING | HR TRENDS FOR 2020 No one is immune from the multiple stressors being caused by the massive disruption of jobs, isolation, and the physical challenges of new workspaces. By creating a safe, collaborative environment that promotes health and flexibility, we can make sure that our workforce is a happy one.

Gallup research finds that employees thriving in all five (physical, career, social, financial and community) elements of wellbeing: ARE 36% ARE MORE MISS 41% ARE 81% LESS MORE LIKELY THAN TWICE LESS WORK LIKELY TO TO REPORT A AS LIKELY TO AS A RESULT SAY THEY SEEK OUT A FULL ALWAYS OF POOR NEW RECOVERY ADAPT WELL HEALTH AFTER AN TO CHANGE EMPLOYER IN THE NEXT ILLNESS, YEAR INJURY OR HARDSHIP I&B CONSULTING | HR TRENDS FOR 2020

ENGAGING A REMOTE 2 WORKFORCE I&B CONSULTING | HR TRENDS FOR 2020 As social-distancing practices are encouraged and remote work is growing by leaps and bounds, there are challenges that concern lack of direction, involvement and accountability in distributed teams and team leadership.

72% 69% OF TALENT PROFESSIONALS OF MILLENNIALS WILL AGREE THAT WORK TRADE OTHER BENEFITS FLEXIBILITY (WHICH INCLUDES REMOTE WORK FOR FLEXIBLE WORK OPTIONS) WILL BE VERY OPTIONS (INLCUDING IMPORTANT FOR THE FUTURE OF HR AND REMOTE WORK) RECRUITING I&B CONSULTING | HR TRENDS FOR 2020

3 REDEFINE LEARNING Right now, for some organizations, learning may not be top of the agenda, but it could well be the survival strategy as we prepare for the long haul to recovery. Learning budgets are slashed and training programs are shelved. None can afford all that when the desperate need is “to secure operations and get the basics done.” I & BI &CBOCNOSNUSLUT LI NT GI N G| | H RHTRRTERNEDNS DFSOFRO2R0 22 00 2 0 I&B CONSULTING | HR TRENDS FOR 2020

EASILY AND EASILY MORE READILY DIGESTIBLE ENGAGING ACCESSIBLE Short bursts of just in  Interactive with social Available wherever, time, relevant content involvement whenever COST AND TIME MULTIFORM LEARNER EFFECTIVE APPROACH DRIVEN Eliminating cost of Adaptive learning Relevant content venue, travel, addressing personal available just in time instructor’s fee etc. learning needs I&B CONSULTING | HR TRENDS FOR 2020 I&B CONSULTING | HR TRENDS FOR 2020

EMPLOYEE 4 EXPERIENCE PLATFORMS The Employee Experience Platforms (EXP) is a software platform that enables organisations to take complete control of the look, feel, and interactions an employee will have while using your systems. I&B CONSULTING | HR TRENDS FOR 2020

BASED ON RESEARCH HIGH-PERFORMING COMPANIES ARE 4.4X MORE LIKELY TO IMPROVE THE EMPLOYEE EXPERIENCE AS A CRITICAL PRIORITY I&B CONSULTING | HR TRENDS FOR 2020

5 DATA-DRIVEN APPROACH TO Application of data mining, statistics, PEOPLE ANALYTICS analysis, and modelling of personnel data improve productivity, make decisions based on data about employees, and recruit, retain, and train employees. I&B CONSULTING | HR TRENDS FOR 2020

SOME THINGS TO BE ANALYSED INCOME PER TRAINING TURNOVER HISTORICAL EMPLOYEE EFFICIENCY RATE DATA The result shows Can be measured The rate at which To recognise how much money by test scores and employees patterns in the is being generated performance voluntarily quit behaviour of per employee on improvements. their jobs gives an employees in average. indication of different times employee satisfaction. I&B CONSULTING | HR TRENDS FOR 2020

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