What changes are coming to your workplace? More accountability for major goals. Greater productivity demands. And better pay increases and job opportunities. That’s the forecast derived from a new survey from the Society for Human Resource Management (SHRM), which examines key demographic and workplace shifts expected for the upcoming year, as well as responses by organizations with respect to work demands, benefits and overall policies. Two major developments are expected to have a huge impact: the exodus of Baby Boomers from organizations, and the rising cost of health-care coverage. These issues, along with the continued comeback from the Great Recession, “appear likely to have an important impact on the workplace and HR profession in the years ahead,” according to the report. With Boomers departing, the Millennial generation grows in importance, requiring companies to focus on training managers to resolve differences related to generational divides. More than 1,240 HR professionals took part in the survey, which can be found here.
- Top Demographic Trends
— Boomers leaving workplace (major impact cited by 64% surveyed)
— Global shortage of skilled workers (57%)
— Increases in chronic health conditions such as diabetes, heart disease, etc. (50%)
- 85% of HR pros say their organizations will increase expectations of workers' productivity in 2011.
- 67% of HR execs say they will increase use of non-cash rewards such as flex time and learning opportunities in 2011.
- 63% of these organizations will increase the size of the overall workforce in 2011.
- 63% of HR pros say their organizations will increase wages in 2011.
- 60% of these companies will increase employee health co-pays in 2011.
- 80% of HR professionals say they will implement wellness programs for employees in 2011.
- 78% of HR execs say they will move to protect employees and customer data from ID theft in 2011.
- 75% of HR pros say they will invest more in employee training/development in 2011; 59% will train line managers to respond to generational differences.
- 72% of HR execs say they will increase their role in promoting corporate ethics in 2011.