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Guide

HR and Compliance Trends for 2024 and Beyond

Key Takeaways

  • 57% of HR pros named employee retention as one of their top priorities in 2024.

  • New laws in Illinois, Maryland and Minnesota will require certain employers in those states to expand or introduce their time-off policies.

  • The average estimated cost of a new hire is $4,700.

  • Paycom’s easy-to-use, single software is indispensable for any forward-thinking HR or compliance strategy.

When it comes to HR and workplace compliance trends, good things don’t happen to those who wait. HR pros have to take a proactive step forward to help their organizations succeed in 2024 and beyond.

But with so many concepts and a wave of new employment laws, building your strategy can seem daunting. Luckily, you don’t have to find these trends alone. In fact, Paycom commissioned a survey from Pollfish in September 2023 of 1,000 U.S. HR pros to uncover their priorities for the new year.

What are the top HR trends for 2024?

The world of HR constantly changes, but for 2024, the biggest trends include:

  • generative AI at work
  • skills and development
  • evolving workplace demographics
  • the changing nature of compensation
  • total workforce management

All of these concepts make waves, though it isn’t clear how all of them may influence HR. For example, McKinsey & Company speculates generative AI could influence how employees train and upskill. Still, the clear application for HR has yet to be seen.

Total workforce management, on the other hand, speaks to a realistic organizational synergy our current tech actually can facilitate.

Excelling at total workforce management means breaking down the silos and “having everyone working toward the goal of maintaining good people management skills [and] giving employees the tools that they need,” as Trish Steed, H3 HR Advisors co-founder, explained in a recent webinar.

What are the top workplace compliance trends for 2024?

While not every law will impact your organization today, the latest influx of local and state legislation involves:

  • expanded civil rights for employees
  • increased screening restrictions
  • paid leave and health insurance requirements
  • benefits for self-employed gig workers

Ultimately, these laws emerge from a national expectation to improve individuals’ quality of life and allow them to bring their true self to work without fear of retaliation.

“By being yourself, you are more open with your colleagues, more able to collaborate,” said Paola Cecchi-Dimeglio, a behavioral and data scientist at Harvard Law School, in a recent webinar. “And as such, you are creating a culture where engagement is easy, productivity comes easily for employees and, overall, you reduce the risk of noncompliance.”

To learn more, download the HR and Compliance Trends for 2024 and Beyond guide.

Key Takeaways

  • 57% of HR pros named employee retention as one of their top priorities in 2024.

  • New laws in Illinois, Maryland and Minnesota will require certain employers in those states to expand or introduce their time-off policies.

  • The average estimated cost of a new hire is $4,700.

  • Paycom’s easy-to-use, single software is indispensable for any forward-thinking HR or compliance strategy.