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Human Resources Facts

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Human resources statistics reveal that 66% of employers are willing to hire candidates who lack certain skills, but show enough potential and motivation. Staff turnover costs companies a huge amount of money – up to 33% of the employee’s annual salary – and must be kept under control. To avoid costly employee turnover, companies should create a plan to keep turnover levels in check. Read on for more human resources facts. We hope you find them helpful.

Employee onboarding

An employee onboarding program is a vital part of retention for many reasons, but one key factor is speed. New hires who feel like they’ll be wasting their time and energy are 12 times more likely to leave a company than those who feel that they’ll be making the right career decisions. Also, new employees are less engaged than other employees, which can cost a company thousands of dollars each year. While HR can help speed up the process, it is not the sole responsibility of HR. Onboarding is also the responsibility of the employee’s immediate manager, who should familiarize the new hire with their new role, performance expectations, and culture.

An effective onboarding program requires a partnership between HR and the new employee. The HR team and organizational leaders should be willing to collaborate on the process, which should be as short and simple as possible. This partnership will establish a strong foundation for a productive, long-term relationship between both parties. Ultimately, it should leave the new employee wanting to stay on with the company. A successful onboarding program consists of a variety of social and training activities.

Diversity and inclusion stats

Despite the fact that many companies struggle with gender and ethnic diversity in their workplaces, there are still plenty of opportunities for organizations to improve their policies and practices. According to a recent survey, companies with a higher level of diversity have a 36% higher chance of outperforming their competitors. Diversity and inclusion go hand-in-hand with profit, and the stats below prove it. By following these tips, companies can make strides toward a more diverse workforce and see their businesses grow.

According to the Workforce Diversity Report by LinkedIn, women and minorities make up less than 50% of the workforce in the U.S. In fact, men hold 80% of leadership positions in companies. While women have made great strides in the workplace, racial discrimination still persists in the hiring process. A survey of corporate executives shows that only 3% of these executives are Latinx and Black. These statistics are alarming, but they can be rectified with proper training and diversity initiatives.

Salary of human resources professionals

A Human Resources professional’s salary ranges widely, but it generally falls between the 25th and 75th percentile. As a general rule, the average salary for this profession is 93,200 USD a year. The other half of HR professionals make less than this amount, while those at the top end make more than this amount. In other words, experience is the primary factor affecting a Human Resources professional’s salary. The more years of experience a person has, the higher their salary.

The salary range for HR professionals ranges widely, depending on their experience and ambition. Before entering the field, it is important to research the specific title of the position you’d like to hold and what a reasonable starting salary would be. Once you’ve done that, however, realize that salary growth opportunities are virtually limitless. In addition to salary ranges, a person’s skills and contribution will be a key factor in determining what salary they should be earning.

Job satisfaction of HR staff

HR professionals report a higher overall job satisfaction than their counterparts, with 55 percent citing paid time off and a positive work environment, and 43 percent stating that they felt safe in their current workplace. Likewise, a majority of HR respondents said they were “very satisfied” with their compensation, while only 19 percent stated that their career advancement was their top priority. However, these positive results aren’t necessarily indicative of a job well done. Regardless, job satisfaction is a measure of the general workplace climate, not the specifics of an individual position.

The importance of job satisfaction cannot be understated. It has far-reaching consequences. Low employee satisfaction leads to additional costs, as dissatisfied employees may need specialized learning, career assistance, and rehiring. Therefore, it’s critical to prioritize job satisfaction in your organization to avoid these unexpected issues. In fact, a growing number of organizations are investing in initiatives to measure employee satisfaction. These efforts have been rewarded with positive results.

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Human Resources

Is the Job Outlook for Human Resources Managers Good?

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If you’re considering a career in human resources, you’re probably wondering if the career outlook is good. The fact is that the job outlook for HR managers is good! If you are considering a career in HR, you’ll be happy to learn that salaries and employment prospects are on the rise! Continue reading to learn about the job outlook for human resources professionals, including the top paying states. In addition, we’ve included information on credentials, salaries, and job outlook.

Careers in human resources

As a career in human resources, you have a variety of choices. There are bachelor’s and master’s degrees, short-term programs, and specialized graduate diplomas, as well as certifications to enhance your skills in specific areas of HR. You may even choose to specialize in one of several functional areas. There are many different ways to specialize in human resources, so you can choose to focus on a particular function within your company.

Career paths

The Human Resources career path is a varied one that combines both traditional and nontraditional options. A career in HR can range from the junior management level to creating employee programs for huge corporations. Depending on the company and the individual’s interests, career opportunities will vary. Some people may opt to specialize in one of the following areas: payroll administration, benefits management, or employee engagement. Others may opt to work as recruiters or in a different field altogether.

Salary

The job outlook for HR professionals is based on the nation’s economy. An improving economy usually means an increase in HR jobs. However, today’s HR field is much more diverse than in years past. It is therefore important to get an education or advance your career before applying for positions with high demand. Below are some salary projections:

Credentials

One of the most frequently asked questions among people who are considering a career in human resources (HR) is whether or not a certification or degree is necessary. While the answer is complex, certifications are generally considered worthwhile investments. The following are some benefits of certifications:

Industry outlook

The Human Resources Industry Outlook for 2022, released by HIRE Technologies, outlines eight key priorities for the human resource field. These include the COVID-19 pandemic, which has already impacted the business world, and the looming talent shortage. These challenges will continue to plague companies, as companies will continue to seek the best candidate, regardless of their location. To remain competitive, companies need to adapt to this fast-paced industry.

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The Benefits of AI in HR

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HR professionals can no longer spend hours reviewing all the data in their inbox. Humans are not as quick to connect the dots as AI. With AI, HR professionals can focus on other employee concerns. The results of AI-powered HR are far greater than the sum of their parts. Here are some of the most common benefits of AI-powered HR. These include: Improved employee experience, Reduced time spent on mundane tasks, and Increased recruitment and retention.

Improves employee experience

AI in HR applications can improve employee experience, boost productivity and transform HR professionals into knowledgeable consultants. AI-driven tools allow HR managers to provide a more personal first impression and improve the employee engagement process. However, integrating AI in HR applications requires customization and is not standardized. Before implementing AI into your organisation, HR managers must decide what results they want to achieve. Incorporating AI will impact employees in different ways, and the best way to use it is to focus on the needs of your workforce.

Reduces time spent on mundane tasks

Artificial intelligence (AI) is already playing a major role in HR. It improves employee relationships, talent assessment, compliance, and adoption of metrics. AI also contributes to workplace learning. Jeanne Meister wrote an article titled “The Future of Work: AI and the Intersection of Human Resources” on the topic. Meister explains how AI can help organizations improve the way they do business and improve the experience of their employees.

Improves recruitment

The use of AI for recruitment in the HR industry is helping companies improve their recruitment processes. AI is a great tool for cross-checking applications and can identify skill sets, aptitudes and more. Human eyes can make mistakes when integrating data. AI helps to ensure that hiring managers make objective decisions. It also eliminates the need for gut feelings and is more objective when it comes to making candidate selection decisions. But it is not foolproof. It can miss a resourceful candidate or a highly qualified one.

Improves retention

AI can help companies improve their retention rates. By using recommendation algorithms to make decisions on the best ways to engage employees, AI applications can tailor the design of surveys for specific departments and seniority levels. These tools also allow HR professionals to identify key issues in an employee’s career path. Using AI to make hiring decisions is one way to keep your company competitive. Read on to discover how AI can help your business improve employee retention and increase the quality of your workforce.

Creates new jobs

In addition to finding future-ready talent, AI can help employers determine their future workforce needs. AI can help hiring teams create stories about applicants that evaluate skills, experiences, and career goals. For example, it can identify the best candidate for a certain role based on their background. Ultimately, AI can help organizations create new jobs while retaining existing employees. As AI becomes more prevalent in the workplace, the future of HR may be brighter than ever.

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A Closer Look at a Career in Human Resources

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If you’re interested in a career in human resources, here are some tips to get you started. Learn what skills you need, what education you need, and what the future holds for a career in human resources. Plus, learn about the job outlook and salary for human resources professionals. Below, we’ll take a closer look at some of the job duties and responsibilities of a human resources professional. So, get ready to hone your people management skills!

Skills needed for a successful career in human resources

As the role of a human resource professional becomes increasingly important, it’s crucial to be able to effectively manage change. As such, skills that exemplify these traits are highly valued by HR employers. If you’re considering a career in this sector, consider developing the following skills:

Education required for a career in human resources

The Education required for a good career in human resources is varied, depending on what you are interested in. An associate’s degree in human resources will cover general education classes, as well as HR-specific coursework. Many people who earn an associate’s degree eventually go on to pursue a bachelor’s degree. The education required for a good career in human resources can be completed in four years or less, depending on the type of program you choose.

Job outlook for human resources professionals

The job outlook for human resources professionals is good, with an increase in demand expected over the next decade. Employment opportunities are expected to increase, especially for those with more specialized skills. Human resources professionals manage people, capability, and talent within an organisation, including employee relations, culture, and health and wellbeing. They also utilize human resource management information systems and manage remuneration and learning and development. As the number of companies with HR departments continues to grow, there are more job opportunities available for HR professionals.

Pay for human resources professionals

Pay for human resources professionals varies from one company to another, and the average salary for HR directors and VPs is approximately $25,000 per year. The higher base salary does not necessarily equate to a higher annual bonus. To increase your salary, look for a job in human resources management, but also consider the cost of training and replacing an employee. There are also specialized positions within HR that can offer more compensation. By knowing what to ask for and where to find them, you can easily increase your salary.

Career advancement opportunities for human resources professionals

HR specialists enjoy excellent career advancement opportunities. The median salary for these professionals will be $62,700 in 2020, and the number of positions in this field is projected to grow by 11% through 2030. They work with employees to identify skills gaps, and design and develop training programs, course materials, and videos. In recent years, demand for these professionals has increased to include mobile and online training programs. For more information, explore these career paths.

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