4 Trends Changing the Way You Hire and Retain Talent in 2020:
Trend #1: Employee experience — Your company will work for employees, not just the other way around
The employee experience is everything an employee observes, feels, and interacts with as a part of their company. It represents a wider view of the traditional human resource function, and empathy is at its core. The central idea is to actively collaborate with employees to understand their point of view and design experiences that allow people to do their best work.
Trend #2: People analytics — Meaningful insights will inform talent decisions at every level
People analytics connects data to effective decision-making. It draws insights from human behavior to help people and companies perform better. It uses formal scientific methods to support empathy.
Trend #3: Internal recruiting — Your next hire will come from within your company, if you can find them
In an increasingly tight talent market, organizations are rediscovering the benefits of internal hiring. And they’re using empathy to better understand how employees want to learn and grow.
Trend #4: Multigenerational workforce — From Gen Z to Baby Boomers and beyond, good talent will prove ageless
The 2020s represent a new chapter in workforce age diversity driven by demographic changes. People are living longer and Generation Z (age 23 and younger) is hitting the job market.
Some companies are set to capitalize on this trend. They’re using empathy to understand how teams with a wide variety of life experiences and perspectives can be most successful. To attract and retain talent from all ages, they’re carving out new career paths, introducing more flexible benefits, and finding new ways for generations to share intelligence.