CAHRS Top 10 February 2024
1. CAHRS Survey Results
What Issues are Top of Mind for HR Leaders Heading into 2024? CAHRScast
CAHRS
In this webcast, CAHRS Academic Director and William J. Conaty Professor of Strategic Human Resources Brad Bell shared the results of the 4th Annual CAHRS survey on HR leaders’ top priorities for the new year.
- Flexible Work is key
This Benefit is More Sought After Than Remote Work
This headline is likely headache-inducing for many business leaders still locked in the ongoing remote-hybrid-office debate . . . but there’s a catch. While remote work remains a high priority among female job seekers, InHerSight data says that in 2024 women’s top must have in the workplace isn’t a home office at all. Rather, it’s flexible work hours or, as the platform defines it, “the ability to set your schedule as long as you get your work done.”
3. Elevating Employee Engagement
How to Promote Better Employee Engagement in 2024
Inc.
Employee engagement in the United States has declined, marked by a drop in Gallup survey scores and a rise in active disengagement. To improve engagement, leaders are advised to overemphasize the company's mission, consistently communicate it, and help employees see their role in achieving that mission; streamline efforts by focusing on a few meaningful solutions instead of many; and understand employees' true needs through sentiment measurement, emphasizing behaviors in survey questions.
- Trends in Leadership
2024 HR Leadership: Beyond AI, Focus on Culture, Listening
Human Resource Executive
Brad Bell, William J. Conaty Professor of Strategic Human Resources and CAHRS Academic Director, says culture transformation will be a key responsibility for HR leadership in 2024. In 2023, HR executives encountered tighter budgets, smaller teams, an avalanche of information on generative AI and new challenges managing the dramatic shifts in how today’s employees work—issues that are all forecasted to persist.
Take a look at this CAHRSclip, focusing on cultural impacts as related to flexible work based on interviews with 18 CAHRS partner companies.
- Positive Impacts of Wellness
U.S. Workers Optimistic About Wellness Initiatives
HRO Today
United States workers express optimism about employer-sponsored wellness initiatives, with top-rated initiatives including a four-day workweek option (77%), mental health days (74%), and limits on work outside of regular hours (73%). Younger workers are particularly optimistic about the positive effects of a four-day workweek on well-being, and there is a general belief that various well-being initiatives could have a positive impact, although more research is needed to understand their effects on employee engagement and burnout.
6. Key to Attrition
Psychologically Safe Workplaces Lower Attrition Rates to 3%: Report
Human Resources Director
Creating psychologically safe workplaces significantly reduces attrition rates, with a low 3% attrition risk in such environments, according to a Boston Consulting Group (BCG) report. The report emphasizes the critical role of leaders in fostering psychological safety, enabling employees to speak up without fear of blame, and outlines measures leaders can adopt, ultimately boosting retention by over four times for women and employees of diverse backgrounds.
- GenAI Implementation Planning
Gartner Survey Shows Half of Supply Chain Organizations Plan to Implement GenAI in the Next 12 Months
Gartner
Fourteen percent of supply chain leaders are already in the generative AI implementation stages, and 50% plan to implement within the next 12 months. Chief supply chain officers are allocating an average of 5.8% of their function’s budget to GenAI, viewing it as supportive of broader digital transformation objectives, while challenges lie in scaling pilot projects to broader adoption over the next 12 months.
- Reengineering Talent Pipelines
Harvard Business School
Transplanting College to the Corporate Campus to Develop Talent for Good Jobs
Exploring the BlueSky Institute, this podcast delves into a work-based accelerated computer science bachelor’s program initiated by Blue Cross Blue Shield of Tennessee. The program aims to reshape the talent pipeline, addressing challenges in its creation and strategies for enticing young individuals into work-based learning.
- DEI Lighthouse Initiatives
Diversity, Equity and Inclusion Lighthouses 2024
World Economic Forum
A comprehensive view of the current trends and evolving best practices in promoting Diversity, Equity & Inclusion (DEI) across global organizations. It emphasizes the significance of DEI, underscoring its value both ethically and economically. The report also spotlights pioneering "Lighthouse" initiatives that exemplify impactful DEI practices.
Take a look at how Cornell’s ILR School Workplace Inclusion and Diversity Education (WIDE) is supporting 10 organization diversity, equity and inclusion research projects.
- Getting Back into the Work Groove
Here’s Why Getting Back to Work in 2024 Is So Hard—and How You Can Get Over the Slump
Wired
Brian Lucas, assistant professor at Cornell’s ILR School, suggests reminding yourself about core goals when returning to work after the holidays. This article offers tips such as this one and others to help you feel more energized and focused at work.