(Photo | Courtesy of PrideStaff)
The start of a new year means thinking about the changes and trends that will impact your business over the next 12 months. Here are five trends companies should be aware of as we roll into 2020.
Remote Work Will Keep Expanding
Currently, 4.7 million people work from home; a 159 percent increase from 2005. Remote work will continue to grow in 2020 as telecommuting becomes less of a “perk” and more of a standard operating procedure. This year, companies will focus on more issues related to remote work like developing formal, well-defined work-from-home policies and shoring up security for shared information.
Compliance Continues to Increase in Complexity
Increasing regulatory demands are bearing down on nearly every industry. When it comes to employment, worker classifications continue to cause compliance headaches. Recently, California passed Assembly Bill 5 (AB5), which went into effect January 1 and requires companies to apply a three-pronged test to determine whether workers are contractors or employees. This law has caused significant confusion for employers, and other states are closely eyeing the bill and may follow suit in the future.
An Increasing Focus on Adaptable Technology
The business landscape is evolving at a breakneck pace, and in 2020, the need for adaptable technology will continue to rise. Companies will require access to tech that delivers personalized and evolving solutions that fit the unique needs of their organization.
New Solutions Will Be Necessary for Closing Skill Gaps
The labor market has been tight for years and shows no signs of slowing. There are more jobs than skilled candidates to fill those roles, and companies will need to re-evaluate the skills on their existing teams and seek alternative solutions for closing gaps. Companies will increasingly look to contractors, specialized temporary workers, returning workers and even retirees to close critical skill and knowledge gaps.
HR Teams Will Become More Strategic
Human Resources has been evolving into a more strategic function of business. HR pros now have to focus on business strategy, data, analytics, leadership and other skills that are less task-oriented. In 2020, companies will outsource more and more HR functions, including recruiting, to allow internal teams to develop strategic skills.
Are You Ready for 2020?
Is your company prepared to excel in the new year — and the new decade? For more strategies on how to stay ahead of changes that will impact your workforce and your business, reach out to the experts at PrideStaff.
