Findings from people management platform Lattice’s global 2021 State of People Strategy report reveal that the majority of HR teams are planning for blended workforces well into 2022, and that those teams are under enormous strain as they try to recruit and retain quality talent while more than half of their employees look for another job.
With input from 725 HR leaders from companies around the world, key findings from the report include:
Redefining the Workplace:
- More than 70% of HR teams are setting policies that plan for most or all of their employees to continue to be remote at least part-time for the next year.
- HR teams are feeling the ongoing effects of the “Great Resignation.” Most people are leaving companies in search of higher pay and career advancements (55% and 37%, respectively).
DEIB Initiatives Losing Steam:
- While Diversity, Equity, Inclusion, and Belonging (DEIB) were a huge focus in 2020, those programs fell from a top 3 priority to #6 in 2021 as priorities shifted to hiring. In its place are employee engagement, talent acquisition, and manager enablement training.
- One main DEIB focus for the year was in “diverse hiring” efforts.
Ongoing Engagement:
- High-performing HR teams (those who say they meet or exceed their goals) are five times more likely to conduct quarterly performance reviews (vs. semi-annual or annual reviews) that lead to higher employee satisfaction and retention.
- 43% of respondents place employee engagement as a key top priority over the next 12 months.
For more information, visit: https://lattice.com /state-of-people-strategy-report-2021
