Press release
Top HR Priorities for 2022 Will Be Difficult to Achieve
The Hackett Group’s Key Issues Research Identifies Increasing Workload and Declining HR Budgets as Major Factors MIAMI & LONDON--(BUSINESS WIRE)-- HR leaders
About this update from The Hackett Group, Inc.
[{"type":"text","content":"\nThe Hackett Group’s Key Issues Research Identifies Increasing Workload and Declining HR Budgets as Major Factors\n\n MIAMI & LONDON--(BUSINESS WIRE)--\nHR leaders lack confidence in their ability to achieve seven of their top 10 priorities for 2022, according to new HR Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT). It will take improvements in digital transformation, talent strategies and more for them to succeed.\n\nOne key issue driving the problem is an expected decline in budgets and only a small increase in headcount in the face of a workload increase of more than 9%. HR leaders are counting in part on increased technology spending to help fill productivity and efficiency gaps.\n\nThe full research, “The HR Agenda: 2022 Key Issues,” is available from The Hackett Group® on a complimentary basis, with registration, at this link: http://go.poweredbyhackett.com/22hrkey2201sm.\n\nKey findings from the research include:\n\nSeven of the Top Ten HR Priorities May be Difficult to Achieve – Of the top 10 priorities for HR in 2022, 7 represent objectives that HR executives lack confidence they can achieve, the research found. The majority of HR organizations have launched or are launching major initiatives to improve their capabilities to: enable enterprise growth strategies: support digital transformation; create a high-performing organizational culture, and improve talent management. But in order to close capability gaps, HR organizations must take greater advantage of digital technology to improve their service delivery and insights, as well as upgrade talent strategies, programs, and processes to enable achievement of top enterprise and human capital-related business objectives.\n\nHR Performance Driven by Growing Budget and Staffing Gaps – One of the reasons HR executives may lack the overall confidence to address top priorities is that HR expects its budget to decline by 0.2% and head counts to increase by just 0.4% in 2022, the study found. With workloads projected to jump by 9.3%, HR will need to make up an 8.9% productivity gap and 9.5% efficiency shortfall during the year.\n\nTechnology Spend Accelerates to Fill the Resource Gap – Facing another demanding year of “doing more with less,” HR will rely on technology to increase productivity, efficiency and effectiveness. HR technology spending is expected to...