Intelligent CXO Issue 21 - Page 52

INTELLIGENT SECTION

FINANCE SALES & MARKETING HR SOLUTIONS EMPLOYEE ENGAGEMENT

HR leaders expect over 90 % of their workforce to be remote into 2023

Lattice , a leading provider of people success software that empowers business leaders to build engaged and highperforming teams and inspire winning cultures , has released its 2023 State of People Strategy Report . Over 800 HR leaders from companies around the world weighed in this year , shedding light on where HR priorities have shifted , the trends behind high-performing teams and the biggest challenges facing people teams as they work to retain and engage top talent amid economic uncertainty .

The past year brought new and continuing challenges for HR professionals : Even as many companies found some sense of stability within hybrid or remote working models , turbulent market conditions meant budget cuts across HR teams – and in some industries , mass layoffs . Through it all , employees continued to reassess their relationships with their work as work-life balance and managing burnout remained top priorities .
Hybrid work is here to stay – and going better than we think
While headlines might highlight the continued push and pull between employees and organisations around returning to offices , our research underscored that hybrid and remote working policies will continue to dominate into 2023 :
As organisations brace for more change , Lattice ' s report provides business leaders and people teams with insight into how to address some of the bigger challenges facing HR today while remaining focused on employee engagement and retention .
Key findings from Lattice ' s 2023 State of People Strategy Report include :
Room for improvement in pay transparency practices
As pay transparency regulation gains momentum globally , HR leaders acknowledge current levels of compensation transparency are low :
• 54 % report that pay bands are known only by finance and HR
• 25 % of employees know the pay band for their job level , while only 9 % have access to the pay band for the next level up
• Half of the respondents expect to maintain a remote
workforce of 50 % or more over the next 12 months
• Nearly one in four expect to maintain a 90 – 100 % remote workforce
Connecting compensation and performance
With pay transparency on the rise and financial security topof-mind for employees , linking employee performance to their compensation has never been more important . HR leaders agree , but admit they aren ' t doing enough :
• 83 % of HR professionals believe compensation should be linked to performance
• Yet , 72 % acknowledge they could improve efforts to link the two in employee evaluations and 27 % admit they need to do a lot more
DEIB is a top priority , with bias in performance reviews taking centre stage
LATTICE ' S REPORT PROVIDES BUSINESS LEADERS AND PEOPLE TEAMS WITH INSIGHT INTO HOW TO ADDRESS SOME OF THE BIGGER CHALLENGES FACING HR .
DEIB surged in priority after a dip in 2021 , rising from six to four on the priority list for people teams – with addressing bias in performance reviews emerging as a top concern .
Employee sentiment validates the urgency here : 51 % of US employees felt there was bias in performance / compensation reviews and nearly a third said their organisations weren ' t taking adequate steps to address it . x
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