As we begin 2024, the world of work continues to change significantly. From technological advancements to changes in organisational culture, the workplace today is a very different place from what it was just five years ago.
This blog post looks at some of the biggest trends that are predicted to dominate workplaces in 2024 and how they will shape the future of work.
Hybrid Working
Remote working is still popular among employees due to the demand for flexible working arrangements. However, companies are pushing for employees to come back into the office. Therefore, 2024 will see more companies adopting a hybrid approach of working from home and coming into the office.
Employee Turnover
Thirty-three percent of US hiring managers expect employee turnover to increase in 2024, with thirty-eight per cent citing the main reason being better compensation elsewhere. Therefore, to attract and retain staff, companies will need to ensure that they are offering comprehensive benefits packages in 2024, including competitive salaries.
Employee Wellbeing
There has been a growing emphasis being placed on the wellbeing of employees. This not only benefits employees themselves, but also benefits companies in terms of increased productivity, engagement, and overall job satisfaction. In 2024, companies need to ensure that their benefits packages not only include competitive salaries but also prioritises the wellbeing of staff, both mental and physical.
Artificial Intelligence (AI)
To remain competitive, streamline processes and enhance efficiency, companies will be implementing AI in 2024. However, with the increase in the use of AI, regulation of the same will become a priority, particularly surrounding the issue of ‘deep fakes’. Meta is ahead of the curve with this by recently announcing a new policy, stating that advertisers will need to disclose whether political content has been created or modified using AI.
Cybersecurity
Cybersecurity will remain a priority for companies in 2024, due to the increasing reliance on digital technologies and cyber-attacks becoming more sophisticated. As a result, companies will allocate a bigger proportion of their budget to cybersecurity, whether this is hiring specialists or ensuring that the correct infrastructure is in place.
If companies can embrace these predicted trends for 2024 and prioritise the professional and personal growth of their employees, they will be able to thrive in an ever changing and often unpredictable environment.
Written by Michelle Corry