Today, our workforce is more complex than ever, spanning multiple generations and demographics.The world’s current workforce includes a mix of “Baby Boomers” (currently ages 57-75), “Gen X” (currently ages 41-56), “Millennials” (currently ages 25 – 40), and “Gen Z” (currently ages 9 – 24).
HR Strategy
Gazing Into the Crystal Ball: 2022 Salary Budget Predictions
Current Economic Climate and Impact on 2022
2021 has been a year of surprises in administering employee compensation programs. Among the changes and challenges in 2021 are the following:
These factors have led many to rethink past and current compensation strategies as we move into 2022. According to SHRM, when planning for 2022:
Consider the future of the organization.
Upskilling in 2021
A recent PricewaterhouseCoopers survey showed that 68% of companies invested in reskilling or upskilling to handle changes within the organization. 65% invested in training employees on new technologies.
Addressing the HR Concerns of the Gig Economy
Currently, 57.3 million people in the United States work in freelance, or the “gig economy.” What is the “gig economy”? How much can it impact the future workforce?
HR Technology: Data-Driven Insights
It is an exciting time for Human Resources. Data analytics and artificial intelligence (AI) are evolving HR in order to amplify organizational growth.
Human Resources and Employee Well-being: Are We Doing Enough?
One topic that has garnered a lot of awareness in Human Resources is employee well-being. For several years, Deloitte’s annual Global Human Capital Trends survey has acknowledged a growing concern surrounding employee well-being and how well-being affects employers.
HR Trends for 2021
What an unpredictable year it has been for everyone! Despite all the uncertainty in the world, you have been a positive constant for Astron.
HR AI and Automation: Impact, Adoption and Future Workforce
Artificial intelligence has been around for a while now, but today it is transforming our lives more than ever. It is making its way to various facets of our personal and professional lives.
2021 Compensation Budgeting Forecast Part 3: Trends in Nonprofit Executive Compensation
As we plan for 2021, we need to consider COVID-19’s impact on 2020 compensation decisions for nonprofit executives. For the most part, nonprofit executive compensation came to a halt.
People Analytics in Times of Change
In the era of big data, people analytics has become a growing factor in organizational decisions made by human resources and executive leadership.