CAHRS Top 10 January 2023


1. ILR School: Five Trends HR Leaders Need to Leverage in 2023
Summary: The rapid pace of workforce transformation is pushing human resources leaders to adapt for employment trends that have earned catchy monikers — the Great Resignation, quiet quitting and stay interviews. Yet, other underestimated developments are already impacting the dynamics of work. Expert faculty in Cornell University’s School of Industrial and Labor Relations (ILR School) identified five HR trends that will drive change for companies in 2023.

2. CAHRS: Building HR Capabilities to Thrive in the New World of Work CAHRScast
In recent years, the Human Resources function has taken on an increasingly central role in helping to navigate emerging challenges, adapt to the changing world of work, and support organizational transformation.  As the role of HR becomes more expansive and complex, it is important to evaluate whether our HR capability building efforts are keeping pace. In this CAHRScast, CAHRS Academic Director Brad Bell and CAHRS Executive Director Beth Flynn-Ferry share insights on which HR capabilities are currently being prioritized and examine the strategies and approaches that companies are using to build them.

3. HR DIVE: More Companies Are Trying Out Four Day Workweeks—And Not Turning Back
Summary: The pandemic has forever changed the norms and logistics of where employees work. Not-for-profit 4 Day Week Global has facilitated pilot programs at over 250 companies which test out shortened work weeks. Their latest pilots involved thirty-three companies; none of which plan to return to a five-day work week following their six-month pilots.

4. Deloitte: Are Organizations Actively Managing The Full Spectrum of Risks Associated with The Workforce?
Summary: Workforce risk can be thought of as any threats relating to an organization’s workforce which can affect its operational, financial, and reputational outcomes. This definition’s broadness reflects the expansive, complex nature of risk associated with talent management which can be overlooked. Companies should consider applying risk management disciplines to cope with labor shortages, skills shortages, voluntary turnover, and the growing gig economy.

5. Harvard Business Review: How to Infuse Liberatory Practices into Work Practices
Summary: Cornell graduate Alli Myatt offers theories and principles of liberation to reinvigorate organizations’ DEI commitments made in 2020. Traditional talent practices created from principles of control and shareholder value maximization by any means necessary have become out of touch with current emphases on ESG and inclusion. Embracing the ideas of self-determination, resource sharing, solidarity, and care can help inform organizational tools (e.g., 360 feedback) and foster equity and inclusion.

6. CAHRS: Virtual Fall Partner Meeting Recording
Summary: The world of work has dramatically transformed over the last several years and HR has been at the very core--responding to COVID-19, moving to new modes of work and dealing with the changing labor market. This has created the need for employee value propositions to shift and organizations to lead the rebuild of community and culture in a hybrid world. In addition, companies are re-examining their business models and structures to accelerate growth in the changing environment. The purpose of the CAHRS Partner Meeting was to examine how organizations have been leading their organizations through these various changes. Presenters shared their current work, providing insight into a number of important issues, including actions, practices, tools, and approaches that HR can use to increase its impact on the organization in a rapidly changing world.

7. Business Insider: From 'Quiet Quitting' to 'Career Cushioning,' Here are the Workplace Trends that took 2022 by Storm — and Whether They'll Continue in 2023
Summary: The year 2022 was filled with workplace buzzwords and hot trends-- but what do these trends mean for HR as we ring in 2023? We started with the great resignation, moved on to quiet quitting, and saw pay transparency, labor hoarding, and career cushioning all enter the workplace lexicon. Business Insider explores what all these terms mean and what they predict for retaining talent in the new year. Defined career paths and purpose-driven missions will be critical for a successful 2023.

8. McKinsey: HR’s New Operating Model
Summary: Through interviews with over 100 CHROs and and people-leaders, McKinsey has identified eight innovative shifts that are changing the way human resources operates within a volatile business environment. They also highlight five emerging HR operating models and how they can be used to better support and facilitate these shifts.

9. HR Review: What Will the Top Rewards Trends be in 2023?
Summary: As the global economy continues to shift, employers are fighting to gain a competitive edge in the labor market this new year. Trends from the United Kingdom suggest that total rewards are increasing, with many benefits changing to better support employee populations with diverse lifestyles and preferences.

10. Worker Productivity is Falling at the Fastest rate in four Decades
Summary: Despite people working more, 2022 marks the first year since 1983 to include three straight quarters of year-over-year drops in average productivity per worker. The rising costs of living, financial stress, and remote work are among what has contributed to the disconnect between the amount of time worked and what is produced. Improved employee engagement and communication between companies and employees is part of the solution.