Sprout Solutions, the Philippines’ leading HR tech provider, has released its 2024 State of HR report, highlighting the shift in workforce trends. The report, presented at a summit on June 19, 2024, featured keynote and panel discussions with industry leaders to discuss current trends and best practices in employee acquisition, engagement, and retention. The report highlights the importance of HR practices in today’s rapidly evolving workforce.
“Based on an extensive online survey of over a hundred HR professionals and managers and nationwide employee data in the Sprout system, the 2024 State of HR report emphasized the expanded role HR plays as a catalyst in shaping an organization’s digital agenda,” says Atty. Arlene De Castro, Chief People and Customer Officer of Sprout Solutions. “Our report provides key insights to help promote the continuous integration of AI and digital technologies so employees can do their best work.”
The State of HR Report findings show that addressing employee wellness, such as Stress Management, Employee Counseling, and Flexible Work Schedules, is a crucial strategy for employee satisfaction and long-term retention. This trend also signifies a growing recognition of the role of technology and data in promoting employee well-being.
Regarding Tech Adoption, the top 3 HR tech tools organizations adopt are HRIS systems, Online Learning Platforms, and Payroll Software. Survey results also indicate that 72% are moderately satisfied with current HR-related tools and software.
As 91.8% of Filipino workers experience financial stress and anxiety “sometimes,” based on our 2024 State of Financial Wellness report, there is a pressing need to boost employee satisfaction and retention through comprehensive wellness programs.
“As we navigate the digital age, it’s clear that embracing technology and AI is critical for organizational success,” said Patrick Gentry, CEO of Sprout Solutions. “By embracing digital transformation, prioritizing employee well-being, and ensuring government compliance, companies can create a more engaged and productive workforce.”
To access the entire State of HR 2024 report and gain valuable insights into optimizing HR practices, you may access it through https://drive.google.com/file/d/1b17G7z3RJlCKkagC97wB0fJBgJF3wKs3/view?usp=sharing
