As we step into the future, it's become critical for businesses to stay ahead of the curve and adapt to the ever-changing needs and expectations of their workforce.
Today’s organizations are striving to create a workplace that fosters engagement, productivity, and overall satisfaction. Leaders and HR managers have also realized that employee experience has begun to play a larger role in their organizational success.
During a Parichay webinar, we asked a senior HR leader about his go-to employee experience (EX) trends for 2024. Here’s what he shared:
1. Co-creation: The New Way to Create and Achieve Goals
In the past, the management of an organization was the primary source of input for setting goals. This approach had limitations and lacked transparency. Co-creation of work works better in the modern work environment. People have to sit together, understand the future, and work backwards. They should be allowed to co-create the goals with their managers and leaders. Employees at various levels can co-create the organization's broad goals, so they can better relate to them. This approach helps develop a second line of leadership because people start thinking the way top management is thinking. The result? They get groomed for bigger challenges and roles.
2. Digital Experience: Driving Smart Decisions with Smart Tools
Gone are the days of manual work and delayed decision-making in HR. A touch of a button is all it takes to get the data required for making decisions. Data customization and smarter analytics enable stakeholders to make faster decisions. The advent of artificial intelligence (AI) has transformed the way tools extract and analyze data. Technology certainly offers a better digital experience for all: employers, managers, and leaders. This, in turn, leads to better business agility and higher productivity.
3. Diversity & Inclusion: Powering Growth and Innovation
All organizations want a loyal and productive workforce, since talent retention is one of their biggest challenges. An inclusive work culture can address this issue. When a workplace has a diverse and inclusive workforce, it becomes a powerhouse of talent. Today’s workplaces already have people from different backgrounds and geographies. The arrival of multinationals has made it easier for organizations to encourage everybody to embrace an open culture. When D&I becomes a business imperative, innovation and growth will follow!
Do you want to hear it directly from the expert?
- Viekas K Khokha, Chief Human Resource Officer, Sharda Motor Industries Ltd
Watch the Webinar Recording
