Sep 13, 2024

Welcome to today’s HR newsletter, where we will be exploring some of the latest trends in human resource management and how they can be strategically effective for your organization. We will be diving into three main themes from the content we’ve received, including onboarding strategies, employee classification, and compensation and leadership challenges.

The first theme we’ll explore is onboarding strategies, as highlighted in the email from content@hrmorning.com. The 7-step framework to improve retentions emphasizes the importance of setting expectations for new hires, giving them the tools they need, and integrating them into the organization. This comprehensive framework can be a strategic approach to fostering long-term relationships, inspiring loyalty, and improving retention, ultimately contributing to the organization’s success.

The second theme revolves around employee classification, as discussed in the email from updates@experttraininginstitute.com. With the proposal of rules impacting how workers are classified, and states broadening the employer-employee definition, it’s crucial for employers to navigate the employee vs. independent contractor classification process. Understanding the factors used to classify workers, performing internal audits, and ensuring compliance with Section 530 Relief can be strategic in mitigating risks and legal implications for misclassification.

The third theme addresses compensation and leadership challenges, as highlighted in the email from kf.institute@kornferry.com. The slowdown in salary increases and the impact of the US presidential matchup on business leaders’ decision-making present new challenges. Understanding the implications of wage growth, adapting to new challenges for talent acquisition, and navigating the impact of political dynamics on leadership decisions can be strategic for organizational success.

In conclusion, these new trending ideas in human resource management offer strategic opportunities for organizations to improve their onboarding processes, navigate employee classification challenges, and address compensation and leadership obstacles. By understanding and implementing these insights, HR professionals can contribute to long-term success and sustainability for their organizations.

Sources:

– “Onboarding: A 7-step framework to improve retentions” from content@hrmorning.com

– “Worker classification dos and don’ts” from updates@experttraininginstitute.com

– “Why salary increases have slowed down considerably. How business leaders are viewing the US presidential matchup. Plus, how employees can improve their own careers when a colleague leaves.” from kf.institute@kornferry.com

Stay Well!