HR Function Faces Significant Skills Gaps, Hindering Future Preparedness

A recent research study conducted by HR.com's HR Research Institute has shed light on the pressing need for human resources (HR) professionals to enhance their skills and proficiencies to effectively manage the workforce of the future. The findings reveal a concerning gap, with only 30% of HR professionals rating their ability to meet workers' strategic needs highly, underscoring a critical deficiency in the HR function.

In contrast, 43% of respondents gave high ratings to their ability to meet the needs of their organizations' executives, suggesting a concerning misalignment between HR professionals' focus and the needs of the broader workforce.

The comprehensive report, HR.com's Future of the HR Function 2024, is available for free download and provides critical insights and actionable strategies for HR professionals seeking to improve their human capital management expertise and competency. This study examines current trends, challenges, and best practices to offer a comprehensive overview of how leading companies are successfully preparing their HR teams for the future.

The findings identify key areas where HR must improve to better prepare for future challenges. The most significant skills gaps are found in strategic thinking and leveraging HR data and analytics. While 93% of respondents consider strategic thinking essential or important, only 54% believe HR is proficient or highly proficient in this area. Similarly, despite 64% viewing the use of data and analytics as essential or important, a mere 32% rate HR as proficient or highly proficient in this regard.

"HR professionals must evolve and adapt to meet the growing strategic needs of their organizations," stated Debbie McGrath, Chief Instigator and CEO of HR.com. "Without significant improvements in these reported areas, HR will struggle to support and drive organizational success."

The report calls for immediate action from HR leaders to bridge these gaps and ensure their teams are equipped with the necessary skills to navigate the complexities of the modern workforce. Investing in training and development, embracing innovative HR technologies, and fostering a culture of continuous improvement are critical steps towards achieving this goal.

The full report, HR.com's Future of the HR Function 2024, provides more detailed insights, actionable strategies, and key takeaways to help prepare for the future of the HR function. Additionally, the recording of the research presentation, HR Is Getting More Strategic, But Needs to Make Greater Progress…Quickly!, is available for on-demand viewing.