The workforce is evolving rapidly, driven by trends in employee preferences and a changing of the guard as baby boomers retire and millennials grow their careers. As of May 2015, Pew Research estimated that millennials, defined as people born between 1981 and 1997, now make up the largest generation in the workforce, already outnumbering baby boomers and generation Xers and still growing. Human resources professionals who do not oblige the demands of the modern workforce may struggle to maximize operational productivity, efficiency and optimization. Considering a reported talent gap facing the private and public sectors, poor human capital management may also lead to issues with staffing. In this white paper, we will discuss the current and future states of affairs in human capital management, and the ways in which companies can unlock the secrets of generational productivity.
This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.
People who viewed this, also viewed...
Review this New Hire Checklist to Help Streamline the Onboarding Process
A thorough new hire checklist — including required forms and optional documents, detailed to-do items, and other logistical tasks — is a must-have in today's work environment. Use this one to help keep your new hire's onboarding process on track.
The Afternoon Crash: Assessing Workplace Productivity and Roadblocks
In a survey of 1,000 employees, we gained insight into worker productivity: how responsive they are in meetings, and their methods for fighting the afternoon slump.
Develop a Robust Leadership Training Program in Three Steps
Developing a robust leadership training program may help take your talent management to the next level. Here are three easy steps to keep in mind as you create a leadership training program at your business.
The Difference Between Net and Gross Income
Knowing the differences between net and gross income is vital for making strategic planning and tax-related decisions. Here we break down the key differences between these two terms, both of which are vital indicators of the health of a business.