OMAM Pulse - November 2024

Dear Colleague, welcome back!

The festive season is about to end and we’re rolling into one of global Inc’s most crucial quarters as they prepare to close out another financial year soon.

With technology integrating itself into every nook and corner of the global workplace, the role of HR (human resources) couldn’t be more critical. Do you agree? Reports certainly do, since they point to an HRM (human resource management) market size of US$24.25 billion in 2023. What’s more, this is expected to rise at 12.7% (CAGR) till 2030.

What will add to market demand over this period? Growing digitization and automation of HRM processes for one, with focus on integrated HRM solutions to boost operations, retain skilled human capital, and manage resources more efficiently.

Predictive analytics in itself heralds the winds of change for HRM, with traceability in terms of employee progress and other infographics/charts. Reports also testify to HR analytics growing at 12.4% (CAGR) between 2022-2032. And now comes the big bang – a Gartner survey spells out how just 13% of employees are satisfied with their experience.

So, the coming months will be a lot about technology and analytics along with innovative approaches towards understanding employee experiences and working to improve them.

On that note, here are all the updates you need to know this month.

This month’s HR headlines

What are today’s biggest hiring red flags? Hear it from billionaire CEO

CEO and Co-Founder of Raising Cane’s Chicken Fingers, Todd Graves, has shed light on some of his biggest hiring concerns
or red flags. He’s talked at length about how he finds frequent job changes concerning, while valuing loyalty and passion for the brand on the flipside.

To put it simply- Graves feels that those with a history of short job tenures may raise concerns about their loyalty and motivations, saying I question that, because it’s like, Are you in it just for you? He’s also stated how those more into title and control versus teamwork makes it a big red flag while hiring.

Food for thought? You bet!