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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Here, we summarize the report’s 10 key points, from the need to focus on an increasingly diverse workforce to the growing role of artificial intelligence (AI) in HR. Many seasoned leaders are retiring, and their successors may benefit from training to help them become even more impactful in their new roles.

HR Trends 102
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Concerned about retention? Prioritize AI upskilling

HRExecutive

While 75% of L&D leaders feel a strong sense of urgency to prepare their organizations for the effects of AI on their work, nearly 40% of employees believe their employers are not prioritizing AI professional development opportunities.

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Big Changes for Overtime! What Employers Need to Know About the New DOL Rule 

MP Wired For HR

Starting July 1, 2027: The salary threshold will be automatically adjusted every three years. Train your managers and affected staff: Train managers on how to manage overtime costs and employees on their new rights and responsibilities. Key Dates: July 1, 2024: The minimum salary for an exempt employee jumps to $43,888 annually.

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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.

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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. By analyzing key metrics, such as employee compensation and training status, HR leaders can proactively address compliance needs to avoid adverse legal problems.

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Five Ways AI Can Help Close the Skills Gap of Your Workforce

AvilarHR

Business leaders are exploring how to responsibly adopt AI to augment worker contributions. How can AI help close the skills gap of their workforce? Just as suddenly, news stories hyped both the promise and fears of generative AI – including loud proclamations that AI will soon replace a vast number of workers.

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The Upcoming Evolution of Recruiting and Talent Development

Rallyware for Human Resources

Nowadays, the recruiting process is very different from what it was ten years ago. Data powered by AI gives richer insights into a candidate’s skills, knowledge and experience. A survey shows that 92% of recruiters use social media when looking for the perfect job candidate. The digital world calls the shots.