The global generative artificial intelligence (AI) market in human resources is on a trajectory of exceptional growth. By 2028, the market is projected to hit $1.23 billion, expanding at a compound annual growth rate (CAGR) of 18%. Key Growth Drivers Several factors fuel this rapid growth: The rise of hybrid and remote work models, alongside the need for real-time feedback mechanisms, further accelerates the adoption of AI in HR. Industry Leaders Driving Innovation Big names like IBM, Oracle, SAP, and Workday are spearheading the generative AI revolution. Companies like Beamery have already launched transformative tools like TalentGPT, setting new benchmarks…
Author: Your Tech HR
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In today’s competitive business landscape, employee engagement has become a critical focus for organizations striving to improve workplace productivity and enhance employee retention. Employee engagement platforms have emerged as valuable tools for fostering a motivated workforce and creating a positive organizational culture. However, implementing these platforms is not without its challenges. This blog will explore the challenges of implementing employee engagement platforms, their impact on employee retention and productivity, and strategies to overcome these barriers. Understanding Employee Engagement Employee engagement refers to the emotional commitment an employee has towards their organization and its goals. Engaged employees are more likely to…
Plexus, a leader in complex product design, supply chain, and manufacturing services, recently clinched the silver award for ‘Excellence in Employee Volunteerism’ at the HR Excellence Awards 2024. This recognition is a testament to the company’s relentless commitment to promoting an employee-centric culture. But what sets Plexus apart? The 5 Pillars of Success At the heart of Plexus’ success is a strategic model built on five key pillars: Career and Meaningful Work, Appreciation and Recognition, Great Leadership, Empowerment, and Fun. According to Chuah Cheng Leong, Vice President of Human Resources (APAC), these pillars are designed to create an environment where…
Hachette Book Group (HBG) has appointed Carrie Bloxson as its new Chief Human Resources Officer, solidifying her position as a transformative leader within the company. In her role, Bloxson will oversee talent development, recruitment, retention, and workplace culture, driving HBG’s mission forward. She will also lead diversity, equity, and inclusion (DEI) initiatives, ensuring a more inclusive environment across HBG and Hachette UK. A Proven Track Record of Impact Bloxson, who previously served as SVP of Culture and Diversity, Equity, and Inclusion (DEI) at HBG, is recognized for her commitment to advancing DEI strategies. Under her leadership, HBG has embraced the…
Generative artificial intelligence (AI) is reshaping how human resources (HR) operates, bringing efficiency and a humanized focus. An innovative study by Bain & Company reveals that generative AI can slash HR labor time by an impressive 15-20%. This leap forward isn’t just about saving time, it’s about giving HR a strategic edge. Key Insights from the Study Bain’s research, powered by its Generative AI Workforce Impact Explorer, details how AI transforms various HR functions: These time savings pave the way for HR to take on advisory and strategic roles, moving beyond transactional tasks. What Experts Are Saying “HR is under…
Katie Boots has been named the new HR Director at The Broker Investment Group (TBIG), CEO Dave Clapp announced. Boots steps into the role with over 30 years of HR leadership experience in the insurance and financial services industries. Decades of Experience Meet Strategic Leadership Boots is recognized for her extensive knowledge of Financial Conduct Authority (FCA) compliance and Senior Managers and Certification Regime (SMCR) regulations, which are crucial in broker operations. Her appointment reflects TBIG’s drive to strengthen its HR framework and talent strategies across its network of over 40 partner insurance brokers and managing general agents (MGAs). “I’m…
Walmart, the largest private employer in the U.S., is scaling back its diversity, equity, and inclusion (DE&I) initiatives. The retailer announced it will not renew certain commitments, such as its racial equity center and demographic-specific workplace benchmarks while emphasizing its support for employee resource groups. Key Changes in Walmart’s DE&I Strategy The changes include discontinuing its five-year racial equity center established after George Floyd’s murder and halting participation in workplace surveys like the Human Rights Campaign’s Corporate Equality Index. Walmart is also re-evaluating funding for Pride events but asserts that family-friendly spaces will remain separate from drag performances. Walmart spokesperson…
NIKE has announced a major leadership change, appointing Treasure Heinle as the new Executive Vice President and Chief Human Resources Officer (CHRO). Heinle, the company’s current Chief Talent Officer, will step into her new role on January 6, 2025, succeeding Monique Matheson, who will retire after 26 years of service at the company. A Strong Leadership Transition Monique Matheson has played a crucial role in shaping NIKE’s human resources strategy, leaving behind a legacy of promoting a high-performance culture. Under her leadership, NIKE became a top destination for talent, with Matheson focusing on creating an outstanding workplace experience. NIKE’s President…
GC Biopharma USA has announced the appointment of Christina Iskandar as the company’s new Associate Director of Human Resources. With an impressive background in talent management from top healthcare companies like GE Healthcare and AbbVie, Christina is set to bring valuable expertise to GC Biopharma USA. Building a Culture of Growth Lisa Betts, VP of Operations at GC Biopharma USA, expressed confidence in Christina’s abilities to contribute to the company’s growth. “Christina brings the right experience to help us establish a culture of growth and support,” Betts said. “Her passion for helping people and her commitment to transparency align perfectly…
As organisations strive to create a positive work environment and enhance productivity, the importance of employee engagement cannot be overstated. In recent years, employee engagement platforms have emerged as essential tools for fostering a motivated workforce and improving the overall employee experience. With 2024 approaching, understanding the latest employee engagement platform trends shaping the future of work is crucial for organisations looking to optimise their engagement strategies. Understanding Employee Engagement Employee engagement refers to the emotional commitment an employee has towards their organisation and its goals. Engaged employees are more likely to be: They actively participate in their work, contribute…