See the top Trends that are impacting mid-sized companies how Paycor support that strategic growth. Paycor Long Island NY, Adam Brier HCM Consultant

1. HR Trends
2018:
Essential Checklist

2. Sneak Peek: 2018
In November 2017, Paycor will release our first ever Future of HR study,
based on extensive surveys and conversations with HR leaders and C-suite
executives. The report will provide a 5-year overview of HR trends that will
impact your business.
In the meantime, as you look ahead to the coming year, use this checklist
as a conversation starter with your team. By no means is the following list
exhaustive, but it will give you a snapshot of some key trends to keep on
your radar.
Benefits & Compensation
❏ Review your employee benefits plan. Is it helping you retain and
recruit qualified employees?
Finding and retaining top talent is on the minds of every employer,
especially in this tight labor market. Employee benefits plans can make or
break your ability to fill key positions. Now’s the time for many employers
to reimagine their benefits offerings and provide more progressive and
flexible benefits.
Training & Learning Management
❏ Identify the learning points and gaps in
your organization.
Where do you need more efficient or better processes to increase
employee development and training? HR Magazine reports that
companies that offer comprehensive training have 218 percent higher
income per employee than those with less comprehensive training. Review
your current practices to determine if the proper training is in place to
create productive and engaged employees.
Business Data
❏ Use data analytics to examine workforce issues, craft new
strategies and deliver critical business improvements.
Data analytics can allow you to learn more about the current state of your
organization while identifying potential problem areas that are impacting
productivity or performance. If you’re not analyzing your data, look for a
tool that can help you understand information quickly and is tailored to
meet your needs.

3. Gig Economy
❏ Assess your need for freelance workers.
Freelance workers are increasing in popularity and value. In fact, by
2020, the Bureau of Labor predicts that 40 percent of American workers
will be independent contractors. If you’re looking to hire for a
specialized position but are having difficulty finding the right candidate,
consider hiring part-time, contract or freelance workers.
Performance Management
❏ Change up your performance review cycle.
How often do you review your employees’performance? Employers
typically conduct performance reviews annually, but now there’s a shift
to more frequent coaching and feedback conversations. If you’re looking
for ways to better communicate and engage your employees, consider
more frequent check-ins in 2018.

4. Employee Retention
❏ Prioritize internal promotions.
Have you considered your philosophy on hiring? Do you tend to hire from
the outside or promote? Employers often place such a strong emphasis on
finding the best candidate on the market that they ignore qualified internal
candidates who have the right cultural mindset. Before you look externally,
consider the value an internal candidate can bring and help them grow
this year.
Employment Brand
❏ Make sure your Careers Page reflects who you are.
Revamping your Careers Page (or creating one) is an easy way to manage
how you look to prospective employees. It’s a direct reflection of your
brand, and you should treat it as one of your top recruiting tools because
of the number of candidates that visit your page daily. Make it a priority in
2018 to analyze the look, tone and feel of your Careers Page.
HR Department
❏ Involve your HR staff in the business.
Whether you have a top HR person or just one HR person, bring them into
higher-level, strategic conversations. Many organizations still treat HR as a
transactional, tactical department that does not add much value, yet HR
has a lot of expertise to offer - such as helping executives understand how
people metrics tie directly to business metrics. Focus on including your HR
leaders in strategic planning in 2018 and beyond.
As you turn to 2018 and evaluate your business needs, are you confident in your
HR provider’s technology and support? Paycor provides more than 30,000
organizations with modern people management solutions that transform the way
you recruit, onboard, pay, manage and retain your people. Click here to start a
conversation with a Paycor representative to learn how we can help you break free
from complicated technology and devote more time to the things at work, and in
life, that matter most.