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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

In the ExtensisHR 2024 Trends Report, review the top 10 latest industry developments and the steps your business can take to succeed, straight from our internal thought leaders. 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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Legislative lowdown: Department of Labor will extend overtime pay to 4 million salaried workers

HR Brew

These thresholds will be updated every three years starting in July 2027 based on current wage data. The degree to which your organization will be affected by these new salary thresholds may depend in part on where your employees are based, HR Brew reported last September. It will be fully implemented by Jan.

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Pay transparency is coming for the global workforce. Is your HR department ready?

HR Brew

Some 28 countries “require some type of pay reporting,” according to pay-equity software platform Syndio. Legislation varies, with countries including Chile, the Netherlands, and the UK requiring employers to publish regular reports detailing gender-based pay differences at their organizations. More than compliance.

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Understanding the Ecosystem of Managed Direct Sourcing Suppliers

LiveHire

Where will this internal TA team for MDS report into? If procurement owns the category, do they still report to HR, or into procurement now? For compliance and risk mitigation. Billion by 2027. If your contingent staffing administration is manual and in danger of lack of compliance, now is the time to consider a VMS.

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Should you include freelancers in your talent development program?

Fast Company The Future of Work

The “2018 Future Workforce” report from freelancing website Upwork, released in February, found that 59% of hiring managers are using flexible talent–freelancers, temporary, and agency workers–which is more than double the 2017 percentage (24%). million more people began freelancing between 2014 and 2018.

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

HRExecutive

As HR compliance grows increasingly complex, experts say staying informed about regulatory updates is critical for fostering a culture of accountability and transparency. Compliance is a “hot topic” now, considering that the Department of Labor issued more than $26 million in fines to employers last year, according to Nutt.

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CSRD Reporting Standards Take Effect January 1, 2024

Trusaic

January 2023, saw the adoption of the EU’s Corporate Sustainability Reporting Directive (CSRD). From as early as January 2024, companies across the EU’s 50 member states must comply with CSRD Reporting Standards. The number of companies affected by sustainability reporting obligations is predicted to rise from 11,700 to 50,000.

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