HR BYTES NEWSLETTER

February 2024

As February unfolds, our HR journey continues, building upon the foundation laid in January. Let this month be a canvas for innovation and growth, where HR professionals orchestrate a symphony of fresh ideas and foster a culture of continuous learning. Embrace the spirit of February not just as a progression in the calendar but as a catalyst for HR ingenuity.

This edition delves into the dynamic realm of HR tech trends and innovation. Explore the latest advancements in automation that are reshaping the HR landscape. From streamlining processes to enhancing candidate experiences, technology is our ally in unlocking unprecedented possibilities.

Bill Gates predicts a 'massive technology boom' from AI coming soon

In his recent annual Outlook letter, Bill Gates anticipates a significant technological breakthrough driven by Artificial Intelligence (AI) soon. According to Gates, the general population in developed countries, such as the United States, is expected to widely adopt AI within the next 18 to 24 months. Gates underscores the versatile role of AI, pointing to its potential applications in personalized education, combatting antibiotic resistance, and enhancing maternal health. The tech visionary emphasizes the importance of cultural adaptation in the effective integration of AI applications. Gates believes that tailoring AI technologies to specific regions and fostering familiarity will contribute to their widespread acceptance and success. This cultural adaptation, he suggests, is crucial for the seamless integration of AI into various aspects of daily life. Gates's optimistic outlook reflects a belief in the transformative power of AI to address societal challenges and improve the quality of life on a global scale.

AI Regulation in 2024 and Beyond

AI regulation is rapidly evolving, offering both opportunities and challenges. President Biden's recent executive order emphasizes priorities like safety and privacy in AI use. While the U.S. lacks comprehensive regulations, major tech companies are voluntarily developing standards. Federal and state governments are making attempts at regulation, with New York taking a lead. The EU faces challenges adapting laws to fast-evolving AI capabilities. Businesses using AI must stay agile, considering compliance, privacy, and bias risks. The state of AI regulation in 2024 signifies a pivotal moment. Governments are striving to keep pace with technological advancements, and businesses must remain agile to navigate the dynamic regulatory environment, addressing potential risks and seizing opportunities presented by AI integration.

California Moves to Tackle Workplace AI Regulation

California is taking steps to regulate workplace AI as its privacy agency reviews draft regulations on automated decision-making technology. The proposed rules from the California Privacy Protection Agency would apply to residents, including employees and job applicants. Employers using such technology need to notify individuals about its role in employment decisions, providing details on how it was used. The draft also allows employees and job applicants to opt out of certain technologies, including those used in the hiring process. The proposed regulations will be discussed by a five-member panel on Dec. 8, to finalize them and start the rulemaking process next year.

The top 5 California employment law changes for 2024

California is making big changes to employment laws in 2024. The minimum wage is now $16 per hour for all employers, impacting hourly and exempt workers. Paid sick and safe leave is also increasing to at least five days or 40 hours. A new addition is reproductive loss leave, granting five days off for issues like miscarriage or failed adoption. Employers should be cautious about privacy when asking for details on reproductive loss leave. These changes reflect California's focus on fair compensation and compassionate leave policies.

In the dynamic realm of Human Resources, the integration of new technology is not just a choice but a strategic imperative. As fellow HR professionals, here are some invaluable tips and tricks to navigate and optimize the use of new technology in our workplace:
Strategic Onboarding:
  • Begin with a clear onboarding plan for the new technology, ensuring all team members understand its purpose and benefits.

  • Provide hands-on training sessions and resources, empowering your team to feel confident and proficient in using the new tools.

Continuous Learning Initiatives:
  • Foster a culture of continuous learning within your HR team.

  • Implement regular training sessions and workshops to keep everyone updated on the latest features and functionalities of the new technology.

User-Focused Design:
  • Prioritize user experience when selecting or implementing new technology.

  • Collect feedback from HR professionals who will be using the tools daily, and use it to refine and enhance the user interface for optimal efficiency.

Integration with Existing Systems:
  • Ensure seamless integration with existing HR systems to avoid disruptions.

  • Collaborate with IT professionals to create a cohesive ecosystem where the new technology complements and enhances the overall HR infrastructure.

Open Communication Channels:
  • Establish open lines of communication to address concerns and feedback.

  • Create a dedicated channel for discussions, providing a platform for HR professionals to share insights, troubleshoot, and exchange best practices related to the new technology.

Data Security Protocols:
  • Prioritize data security when adopting new technology.

  • Collaborate with IT and cybersecurity experts to establish robust security protocols, ensuring the protection of sensitive HR information.

Scalability and Future-Readiness:
  • Select technology solutions that are scalable and adaptable to future needs.

  • Regularly assess the scalability of the technology and its alignment with evolving HR requirements, ensuring a future-ready infrastructure.

Feedback-Driven Iteration:
  • Encourage HR professionals to provide ongoing feedback on the usability and effectiveness of the new technology.

  • Use feedback as a guide for iterative improvements, fostering a culture of continuous enhancement and innovation.

Remember, the successful integration of new technology is not just about adopting tools; it's about empowering our HR team to leverage these tools effectively for enhanced productivity and strategic decision-making.

Share your insights: How do you leverage existing technology to stay informed about the emerging AI tools in the HR landscape?
The Eight Biggest HR Trends In 2024

In 2024, HR is navigating a transformative landscape shaped by eight major trends. Generative AI, like ChatGPT, transforms talent management but requires a balance between efficiency and human touch. The workforce dynamic shifts with Generation Z and millennials, challenging HR to address diverse expectations. HR's toolbox expands with tech innovations, demanding careful deployment for privacy. Flexible work arrangements offer opportunities but require solutions for maintaining culture and cohesion. Economic uncertainties lead to increased strikes, prompting HR to engage in meaningful conversations. Upskilling takes center stage for the AI era, and returning to the office emphasizes collaboration and development. Successful upskilling makes staff retention crucial, focusing on reward, recognition, and continuous development for employee loyalty.

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What three HR trends dominated 2023, and what to expect in 2024?

In 2023, three key HR trends took center stage, shaping the workplace and employee expectations. Firstly, the push for workplace flexibility became prominent as employees increasingly sought hybrid or flexible benefits. With 97% of employees favoring this model, organizations faced the challenge of adapting to the desires of a more autonomous workforce. The year they also witnessed a surge in the adoption of generative AI, revolutionizing HR delivery by enhancing self-service, productivity, and personalized employee experiences. Despite this, some HR leaders remained uncertain about the impact of AI, highlighting a need for continued exploration.

Looking ahead to 2024, HR professionals anticipate a shift towards fostering stronger connections among employees. Recognizing the demand for inclusivity, organizations aim to enhance the quality and quantity of workplace connections, creating a sense of membership. Another anticipated trend for 2024 is the focus on reskilling, upskilling, and continuous learning. In a rapidly evolving workforce, businesses are expected to prioritize developing the skills of existing employees to keep pace with technological advancements. Lastly, change management for leaders is poised to take the spotlight. While the workplace undergoes transformative changes, HR leaders recognize the need for effective change management. However, there's a concern, as indicated by Gartner's research, that many senior leaders may not be fully equipped to lead successful change initiatives.

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2024 HR Technology Imperatives

In the 2024 HR Technology Imperatives survey, it's highlighted that technology remains a top priority in HR budgets, signaling a continued trend over the last three years. Despite economic volatility, HR leaders are urged to emphasize consistent delivery of business value in their 2024 plans. The survey notes a significant increase in HR technology budgets in 2023, with a particular focus on achieving business benefits such as talent agility, employee experience, and productivity. CEOs' attention to the workforce as a top priority underscores the ongoing significance of HR technology. However, with heightened concerns about economic and workforce volatility, HR technology leaders are advised to articulate their plans by emphasizing consistent delivery of business benefits and providing evidence of contribution to cost optimization. This involves a dual focus on innovation, especially in emerging technologies like generative AI, and a commitment to discontinue outdated systems with weak business cases. The survey aims to guide HR technology leaders in navigating these imperatives, offering recommendations and insights into current market conditions, buyer behavior, and noteworthy emerging technologies.

Coexisting with AI in HR—here’s how you do it

How AI is applied in HR, emphasizing its varied use depending on the organization's nature. It covers AI's impact on recruitment, simplifying processes by scanning resumes for keywords, and mentions guidelines from the Equal Employment Opportunity Commission. The critical role of AI, especially in Robotic Process Automation (RPA), for automating manual HR tasks is highlighted, enabling teams to focus on strategic initiatives. The article discusses AI's influence on onboarding, providing instant data through chatbots, and introduces the concept of gamification. It also touches on AI's contributions to performance management, using tools like Intelli HR for goal management and talent retention. Automation of 360-degree feedback and quantitative assessments of employee engagement are explored. Workforce analytics, prioritizing meaningful metrics, and AI's predictive capabilities for future business needs are discussed. The conclusion emphasizes the long-term benefits of the initial AI investment, encouraging HR professionals to consider adoption for enhanced efficiency and strategic decision-making.

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We are tuning in to the Redefining HR Podcast this month with host Lars Schmidt. Join the conversation as they dive into exciting topics like emerging HR practices, technology, diversity and inclusion, the future of work, and beyond. The series not only features insightful discussions but also includes additional contributions, bringing you stories from various modern HR realms. Tune in for a dynamic exploration of the latest trends and thought-provoking conversations in the world of HR.

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And, of course, we are excited for our very own HR Bytes, where we bring stories of HR trailblazers who are redefining HR with a global mindset and local impact.

Do tune into the thought leadership shared on our three seasons of over 35 episodes at https://hrgeckos.com/podcast.html.

We found some new reads to stay ahead of HR and the future of work trends! What is on your HR bookshelf this month?

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Data-Driven HR: How to Use AI, Analytics and Data to Drive Performance by Bernard Marr (December 2023)

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Employee Experience Strategy: Design an Effective EX Strategy to Improve Employee Performance and Drive Business Results by Ben Whitter (August 2023)

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Remote Not Distant: Design a Company Culture That Will Help You Thrive in a Hybrid Workplace by Gustavo Razzetti (June 2022)

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HR Professionals, as you set sail into February, steer smoothly with a compliant course. Take a moment to review your checklist and mark key dates for a successful and comfortable month ahead!

• February is Black History Month, filled with various holidays and cultural events to boost employee engagement and company culture.

• For 2023, file Form 944 by January 31, 2024. If you made deposits on time, you can file the return by February 10, 2024.

• February 15, 2024: 1099-MISC due.

• February 28, 2024: Deadline to file ACA Paper Forms, including Form 1094-C, 1095-C, and 1099-MISC without NEC to the IRS.

• 1095-C Forms for ACA reporting are due by February 28 if filed on paper (or March 31 if filed electronically) of the year following the calendar year to which the return relates.

• Update, review, and audit your HR website.

February has indeed unfolded as a month of exploration, where our HR expedition has been fueled by the dynamic dimensions of technology. The journey through the latest HR tech trends has illuminated the path from process efficiency to elevated employee engagement. As we navigate the cutting-edge advancements in automation, it becomes evident that technology is not just an ally but a catalyst in unlocking unparalleled possibilities for the now of work.
Stay inspired, stay inquisitive, and let HR innovation continue to unfold.
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