Mercer Insights: 9 Unmissable HR Trends Driving the Future of Work

The world of work is undergoing a rapid transformation, driven by technological advancements, globalization, and shifting demographics. HR leaders are at the forefront of this transformation, tasked with navigating the challenges and harnessing the opportunities it presents. Mercer Insights has identified nine key HR trends that will shape the future of work and empower HR professionals to lead their organizations into the next era.

1. The Rise of Hybrid Work

Data: According to a Mercer survey, 83% of global organizations now offer hybrid work options.

Hybrid work, which combines remote and on-site work, has become the new norm for many organizations. This trend is expected to continue as employees increasingly demand flexibility and work-life balance. HR leaders must adapt their policies and practices to support hybrid work and ensure that employees have the necessary tools and support to thrive in this new environment.

2. The Skills Revolution

Data: The World Economic Forum estimates that 50% of current jobs will be automated by 2025.

The rapid pace of technological change is creating a need for new skills and the reskilling of existing employees. HR leaders must stay abreast of these changes and work with their organizations to develop and implement comprehensive training and upskilling programs. This will help ensure that employees have the skills they need to succeed in the future of work.

3. The Employee Experience Revolution

Data: A recent study by Qualtrics found that organizations with high employee engagement scores have 41% higher net income than those with low scores.

The employee experience has become a top priority for HR leaders. Organizations are recognizing the importance of creating a positive and supportive work environment that attracts and retains top talent. HR leaders must focus on creating a culture of belonging, well-being, and growth opportunities for their employees.

4. The Data-Driven HR Revolution

Data: According to a Gartner survey, 90% of HR leaders believe that data is essential for making decisions.

Data analytics is transforming the way HR professionals manage their workforce. HR leaders are using data to gain insights into employee demographics, engagement, and performance. This data can be used to make better decisions about talent management, compensation, and benefits.

5. The Remote Work Revolution

Data: A recent study by Owl Labs found that 58% of employees prefer remote work over working in an office.

Remote work has become a viable option for many organizations. This trend is expected to continue as technology allows for more and more jobs to be performed remotely. HR leaders must develop policies and practices that support remote work and ensure that employees have the necessary equipment and support to be successful.

6. The Gig Economy Revolution

Data: The International Labour Organization estimates that the gig economy will grow to 43% of the global workforce by 2030.

The gig economy, which involves hiring independent contractors for short-term projects, is rapidly growing. This trend is challenging traditional HR models and forcing HR leaders to rethink their talent management strategies.

7. The AI Revolution

Data: According to a McKinsey report, AI has the potential to create $13 trillion in new economic value by 2030.

Artificial intelligence (AI) is rapidly transforming the workplace. AI can be used to automate tasks, improve decision-making, and enhance the employee experience. HR leaders must explore the potential of AI and develop strategies for leveraging this technology to improve their HR operations.

8. The Sustainability Revolution

Data: A recent study by Nielsen found that 81% of global consumers are willing to pay more for sustainable products and services.

Sustainability is becoming a top priority for organizations. HR leaders must develop policies and practices that promote sustainability and attract and retain employees who are passionate about making a positive impact on the world.

9. The Diversity and Inclusion Revolution

Data: According to a McKinsey study, companies with diverse leadership teams are 33% more likely to outperform their competitors in terms of profitability.

Diversity and inclusion are essential for creating a workplace where everyone feels valued and respected. HR leaders must develop strategies for increasing diversity and inclusion at all levels of their organizations.

How Mercer Insights Can Help You

Mercer Insights is a leading provider of HR research and consulting services. We can help you navigate the challenges and harness the opportunities of the future of work. Our services include:

• HR strategy consulting
• Talent management consulting
• Compensation and benefits consulting
• Data analytics
• Training and development

Contact us today to learn more about how Mercer Insights can help you prepare for the future of work.

Table 1: Key HR Trends Driving the Future of Work

Table 2: Mercer Insights Services

Table 3: Tips for HR Leaders

• Stay abreast of HR trends. Read industry publications, attend conferences, and network with other HR professionals.
• Develop a strategic HR plan. Outline your HR goals and objectives, and develop a plan to achieve them.
• Invest in your employees. Provide training and development opportunities, and create a positive and supportive work environment.
• Use data to make decisions. Collect and analyze HR data to gain insights into your workforce and make better decisions.
• Partner with Mercer Insights. We can help you navigate the challenges and harness the opportunities of the future of work.

Table 4: Benefits of Working with Mercer Insights

• Expertise. We have a team of experienced HR professionals who are up-to-date on the latest HR trends.
• Objectivity. We provide unbiased advice and recommendations.
• Global reach. We have a global presence, which allows us to provide insights from around the world.
• Thought leadership. We are a leading provider of HR research and consulting services.
• Client satisfaction. We have a proven track record of success in helping our clients achieve their HR goals.

Conclusion

The future of work is bright, but it also presents challenges. HR leaders must be prepared to navigate these challenges and harness the opportunities they present. Mercer Insights can help you prepare for the future of work and create a workplace where everyone thrives.