Survey of more than 7,000 professionals
reveals key trends and predictions for the future of HR
CINCINNATI, July 9, 2024
/PRNewswire/ -- Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a
leading provider of human capital management (HCM) software, today
published its new report, "HR in 2025: Insights & Predictions."
The report dives into key trends expected to shape the human
resources landscape over the next year, drawing on insights from a
survey of more than 7,000 professionals. The results indicate that
effective managers are a key driver of employee engagement and
retention whether the workforce is remote, hybrid or onsite.
"This is our most comprehensive survey ever," said Paaras Parker, Chief Human Resources Officer at
Paycor. "The findings highlight the critical role of HR as a
strategic partner and executives' increasing dependence on HR for
leadership development. As businesses look to remain competitive
and drive results, investing in leadership training and support
makes all the difference."
Key Insights
- Employees with two years or less at a company are the
biggest flight risk. They are 38% more likely to search for a
new job in the next 12 months. Employees who have been with a
company for one year or less are 21% less likely to rate their
leaders favorably.
- Nearly half (46%) of HR professionals have been in their
roles for two years or less. To counteract recent hire
turnover, smart companies will invest in an extended, more robust
onboarding experience and best-in-class HR and talent tools.
- C-suite executives see HR as the owner of leadership
development. Chief executives cite "lack of HR support"
and "outdated performance management systems" as the top two
reasons for ineffective management. There's no longer any doubt
that the top of the organization views HR as a mission-critical
strategic partner.
- Effective leadership drives business
results. Compared to low-performing companies, employees
who work for high-performing companies are 110% more likely to
get productive feedback from their managers and 397% more
likely to say their company's senior leaders are engaged and
inspirational.
- Hybrid workers are the most engaged. Employees who
split their time between an office and a remote location are 31%
more engaged than remote workers and 16% more engaged than fully
in-person workers. Fully onsite companies come in a solid second
place and remote is a distant third. Remote workers report less
satisfaction across the board.
"We were encouraged that 91% of businesses plan to hire in the
next 12 months and that 79% of Paycor customers are confident
they'll meet their recruiting goals versus only 56% of companies
that don't use Paycor," said Raul Villar,
Jr., Chief Executive Officer of Paycor. "We also found that
Paycor customers have great retention rates. The employees of
companies that use Paycor are 55% less likely to look for a new job
in the next 12 months compared to employees of companies that don't
use Paycor. That's a testament to our customers and to Paycor's
ability to empower leaders to build winning teams."
Download the full HR in 2025: Insights & Predictions
Report here.
About Paycor
Paycor's human capital management (HCM) platform modernizes
every aspect of people management, from recruiting, onboarding, and
payroll to career development and retention, but what really sets
us apart is our focus on leaders. For more than 30 years, we've
been listening to and partnering with leaders, so we know what they
need: a unified HR platform, easy integration with third party
apps, powerful analytics, talent development tools, and
configurable technology that supports specific industry needs.
That's why more than 30,000 customers trust Paycor to help them
solve problems and achieve their goals. Learn more at
paycor.com.
Media Relations:
Madeleine
Dudas
513-273-7298
PR@paycor.com
Investor Relations:
Rachel
White
513-954-7388
IR@paycor.com
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SOURCE Paycor