Each year we publish our annual Priorities & Predictions report which captures the experiences and insights of some of the top human capital leaders in the world who collectively serve on i4cp’s executive boards.
Our 2024 report features 4 predictions that the human capital industry can expect to encounter in the coming year, and how organizations can prepare for what’s next. The report also features the top priorities, trends, challenges, and risks facing the human capital industry from the expert perspective of members from several i4cp Boards, including Chief HR Officers, Chief Diversity Officers, Chief Learning & Talent Officers, Heads of Talent Acquisition, People Analytics, and Total Rewards.
This year’s report delves deeply into a single priority—one that was universally named by every i4cp Board—Generative AI. Each HR function predicted it will be significantly reshaped by AI in 2024 to varying degrees.
There’s no escaping the magnitude of GenAI’s anticipated—and current—impact on the field of HR. In addition to being the top priority, most of the executives on our boards also listed generative AI skills as the biggest current weakness in their organizations.
It was also one of their greatest concerns for the coming year as most predicted disruption to their current work processes, pressure from senior leadership to do more with AI, and even concern about reduction of jobs. More optimistically, many also expect AI to improve productivity within their teams, address areas of labor shortages, and have a positive influence on the overall employee experience.
While predictions on AI vary, one thing is crystal clear: it’s the most dominant topic in organizations today.
There are many other important topics discussed in this year’s report, and I invite you to download your copy of the 2024 Priorities and Predictions here, and share this link with your fellow HR and business colleagues. Please also consider joining us this year at the top conference for HR Executives, i4cp’s Next Practices Now, where we’ll explore these issues and a myriad of cutting-edge next practices to future-proof your workforce in 2024 and beyond.