News
Year In Review: “Leaders Reshape Workplace Strategies Amid Return To WFO”
As 2023 comes to an end, Urvi Aradhya, CHRO at Mindspace Business Parks shares the major HR trends & transformations in the real estate industry
Over the past year, there has been a noticeable shift away from widespread remote work towards a return to working from the office. The collaborative energy that arises when employees work together creates an atmosphere conducive to generating innovative ideas and solutions. In response to this shift, HR professionals are taking a leading role in reshaping workplace strategies to align with this evolving paradigm.
Organisations are increasingly prioritising employee well-being, recognising its significant influence on overall workplace satisfaction and productivity. Initiatives for Diversity, Equity, and Inclusion (DEI) remain a focal point in organisational priorities. Companies are actively engaged in fostering inclusivity, addressing bias, and nurturing diversity across all levels. Making provisions for disabled individuals, policies towards providing a support system for expecting mothers, provisions for adoption, healthcare benefits and other such initiatives are also being taken up more seriously. The continuous adoption of technology is another evident trend as AI revolutionised the way we work in the blink of an eye. Recruitment processes also saw a rapid adoption of AI across industries. From personality assessments to candidate selection and performance monitoring, AI is transforming the landscape of hiring practices.
While we incorporate AI into our processes, going forward, HR leaders must address the pressing need to safeguard employee data privacy, given the increased scrutiny and concerns in this area. The evolving demographics of the workforce, particularly with those companies facilitating hybrid work models, will present a complex situation to navigate in terms of data security, and privacy. Tackling these issues will require a thoughtful strategy, involving the implementation of robust data protection measures.
In response to the shift back to office work, HR professionals will continue to reshape workplace strategies, placing a heightened focus on employee well-being and mental health. Upskilling and reskilling initiatives will take center stage as organisations strive to keep pace with technological advancements. Moreover, the intensifying competition for top talent will drive HR to innovate recruitment practices and prioritise the development of inclusive, innovative, and technologically adept environments. As we navigate the complexities of evolving demographics and data privacy concerns, HR leaders will play a pivotal role in fostering workplaces that not only thrive in the current landscape but anticipate and adapt to the trends of tomorrow.
Source: BW People