In 2024, HR and compensation professionals face challenges from an uncertain economy, technological advancements, and shifting labor dynamics. Key predictions include persistent labor shortages, the growing importance of work-life fit, continued labor unrest, and struggles with return-to-office policies. Pay transparency laws will expand, DEIB budgets will face scrutiny, and AI will revolutionize HR and compensation processes. The demand for AI-related skills will rise, and organizations must adapt to these changes or risk falling behind. Transparent compensation strategies and AI integration will be crucial for staying competitive.

Join for free to read