Human Resource Knuggets
Aug 15, 2024
Dear HR Professionals,
In today’s newsletter, we will explore three main themes that have emerged from recent HR updates:
- Labour Market Outlook and the Impact on Employee Support
- Changes in UK Working Visa Applications and Implications for Skills Shortages
- Onboarding and Employee Retention Strategies
The Labour Market Outlook report from CIPD indicates a cooling of pay intentions and ongoing cost-of-living challenges. This calls for organisations to explore alternative ways to support employees, beyond traditional pay increases. It is important for HR professionals to develop strategies for employee support that go beyond financial compensation, such as flexible work arrangements, professional development opportunities, and wellness programs. By focusing on holistic support, organisations can enhance employee satisfaction and retention.
The drop in UK working visa applications by a third raises concerns about ongoing skills shortages. HR professionals need to consider alternative strategies for talent acquisition, such as investing in training and development programs to upskill existing employees, as well as expanding recruitment efforts to untapped talent pools. By being proactive in addressing skills shortages, organisations can maintain a competitive edge in the market and ensure sustainable growth.
Onboarding is a critical process that influences long-term employee retention. Taking the time to properly onboard new hires, including connecting them with colleagues, clarifying expectations, and providing a growth path, can significantly impact their decision to stay with the organization. HR professionals should focus on developing a comprehensive onboarding process that ensures new employees feel supported and engaged from day one, leading to higher retention rates and overall employee satisfaction.
In addition to these themes, it’s important for HR professionals to stay informed about current trends and developments in the field. This includes being aware of legal and compliance requirements, industry insights, and best practices for talent management. By staying informed and proactive, HR professionals can contribute to the overall success and effectiveness of their organizations.
As always, we encourage you to explore the resources and events mentioned in the emails to further enhance your knowledge and skills in human resource management.
Thank you for your dedication to the field of HR, and we look forward to sharing more insights with you in future newsletters.
Sincerely,
[Your Name]
Themes from the Content:
| Theme | Description |
|---|---|
| Labour Market Outlook | Cooling of pay intentions and cost-of-living challenges, prompting the need for alternative employee support measures |
| Changes in UK Working Visa Applications | Drop in visa applications raises concerns about ongoing skills shortages and the need for alternative talent acquisition strategies |
| Onboarding and Employee Retention | The importance of comprehensive onboarding processes for long-term employee retention and satisfaction |
Sources:
1. CIPD Update: Lowest anticipated wage growth since 2022 (cipd@comms.cipdmail.com)
2. UK working visa applications drop by a third – what does this mean for ongoing skills shortages? (news@comms.cipdmail.com)
3. How long is this gonna take? (content@hrmorning.com)
4. Aug. 14 – How common is quiet vacationing? | Company public stances wane in popularity (newsletter@divenewsletter.com)
5. Crafting Your Policies & Procedures Manuals (updates@experttraininginstitute.com)
Stay Well!
