| Hot on the HR Agenda: Highlighting common priorities |
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Having recently released the results of our latest UK Reward Survey and completed our spring round of industry HR Groups, it seems like a pertinent time to highlight what is currently on people’s HR agendas. Attrition is a regular hot topic and although many, unsurprisingly, state that their figures are currently low, there is a growing perception that attrition rates have either already risen or are set to rise over the coming months. Whilst some employers state they have only encountered a rise for in-demand specialists or senior positions, many attribute the higher rates to employees relaxing their attitudes on job security compared to say 12 months ago. A number of employers have also indicated that the lack of a pay review, for some two years running, has been a contributory factor. Employee engagement is another popular item on many HR agendas. Many companies have stated they are keen to conduct employee opinion surveys to gather feedback and employee views and opinions. This is also reflected in the results of the latest UK Reward Survey, as 74% of respondents indicate employee opinion surveys would likely feature over the next 12 months. A number of employers have introduced well-being policies, such as arranging counselling sessions to help employees manage stress. Total Reward Statements are also proving popular as employers seek to demonstrate to their people the value of their reward package, particularly useful where pay reviews have been restricted. As HR budgets remain tight, many HR professionals state that they have had to focus their efforts on controlling costs, often through the review or harmonisation of their terms and conditions. Add to this bonus scheme re-design and pay and career progression reviews, and HR seems busier than ever. Perhaps its time for a holiday! |
Disclaimer: This article is for general information purposes only and intended to raise your awareness of the issues covered. It is not a comprehensive report on the subject area nor is it a substitute for specific professional advice.