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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Quick look: The human resources industry has changed substantially in the last several years—a pattern that will continue in 2024. Get Full Report Today’s workforce demands, technological advancements, and shifting demographics are causing the human resources (HR) industry to transform rapidly.

HR Trends 102
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As contingent workforces grow, Workday unveils new tool to assist HR

HRExecutive

Advertisement - On average, 36% of the workforce for Fortune 500 companies are non-employees and that figure is expected to rise to 50% by 2027, Shashank Saxena, co-general manager for Workday VNDLY, tells Human Resource Executive. Do they know the company systems and sites they have access to? What projects are they working on?

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Retirement surge is a demographic time bomb. Can tech boost expertise transfer?

HRExecutive

This phenomenon, known as “Peak 65,” coincides with rapid technological changes that are reshaping workplace dynamics and increasing the urgency for expertise transfer solutions. Simultaneously, organizations are rethinking recruitment strategies to adapt to the changing landscape. This translates to approximately 4.1

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Employment laws are changing. How tech can create a ‘culture of compliance’

HRExecutive

.” - Advertisement - Tami Nutt, director of research and insights at strategy firm Aspect 43 Advanced HR tech solutions also can assist with enforcement and monitoring. Key areas impacted include labor agreements, discrimination policies, personnel records management, whistleblower protections and AI usage in HR practices.

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AI evolves the hiring process

HR Digest

The adoption of artificial intelligence (AI) by businesses has increased by 270 percent in the last four years and is expected to reach $266.92 billion by 2027. And a major factor driving this growth and adoption is the human resources field. . Onboarding process made easy with AI. Advantages of AI.

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Future Trends in Human Resources Into the Future

6Q

The same is true for human resources. A few examples include: New hire orientation: New employees can easily learn about a department by clicking on the appropriate section from their phone. This could be processing a transaction, manipulating data, triggering responses and communicating with other digital systems.

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The Future of Business is Talent—and the Future of Talent is AI

Oracle HCM - Modern HR in the Cloud

Oracle Human Capital Management (HCM) Cloud , when paired with AI capabilities from IBM, can help businesses address each of these three areas. Business Disruption At current churn rate, 75% of the Fortune 500 will be replaced by 2027. AI for HCM can play a key role in delivering that experience. Experience disruption.