The Changing Face Of HR in 2024 – Sage

Sage’s “The changing face of HR in 2024” research report discovers the transformation of HR in the next twelve months. Data on this report was gathered from more than 1000 HR executives and business leaders.

Some of the findings from this report include:

  • Nearly all surveyed leaders admitted that working in HR is too much for them and that they are regularly feel stressed and burnt out. More than half of them are considering quitting HR.
  • Despite the stress and challenges in HR, over half of the surveyed HR executives still say they love their job.
  • Although most leaders claimed that the functionality of HR roles’ have spanned out significantly in the last five years, only a few of them believed that this change will continue in the next five years.
  • More than two-thirds of them reported that the main focus of HR teams at the moment is on processes.
  • A majority of leaders agreed that the term Human Resources is no longer the best term to describe the role and that the role is now set up for speed, agility and adaptability.
  • More than 60% of business leaders still view HR as an administrative role.
  • Only 40% of HR executives believed that employees fully understand what HR does.
  • The majority of HR people trust that HR will take a leading role in Employee Health and Wellbeing, Talent management and workforce planning and Diversity, equity and inclusion in the next three years. This is also agreed upon by most business leaders.
  • Both groups also had the same view that HR will play an important part but not a leading role to make the company to be seen as a good place to work nor HR will have the leading impact on company culture.
  • Although most surveyed leaders are excited about the future of HR, more than half of them still have concerns about some challenges.
  • The majority of them claimed that employee experience will be the priority focus of HR in the coming years
  • Most leaders believed that HR leaders have the right skills to become CEO.
  • Talent Management is a common priority for HR executives and business leaders. However, when HR leaders want to shift focus more on diversity, equity, and inclusion, as well as employee health and wellbeing, business executives want to prioritize financial growth and efficiency, and productivity.

Full report here.