Your Updated HR Glossary for 2024 [Downloadable Guide]

Keeping up with the latest HR topics can feel overwhelming, especially amidst significant transformations in employee relations, technological advancements, and skills development.

To help you navigate these changes, we’ve created a comprehensive HR Glossary based on a recent Gartner survey that highlights HR leaders’ top priorities for 2024. This glossary includes all the new phrases you need to know to stay ahead. It focuses on five key themes:

• Leader and Manager Development
• Organizational Culture
• HR Technology
• Change Management
• Career Management and Internal Mobility

Ready for a sneak peek? Here’s a glimpse into a few key terms and how they can revolutionize your HR approach. Stay ahead of the curve and empower your HR journey with our 2024 HR Glossary. Let’s dive in!

Leader and Manager Development

In this section, we focus on key concepts essential for navigating the evolving landscape of leadership, from new phenomena to strategies that redefine expectations and equip managers for change.

The Great Exhaustion

The Great Exhaustion refers to a pervasive feeling of burnout amongst employees due to a combination of prolonged stress and lack of work-life balance. People are not just tired from the day-to-day grind; they’re experiencing a persistent sense of dread that impacts their physical, mental, and emotional well-being. And really, after enduring a pandemic, recession, inflation, housing scarcity, and other global stressors, can you blame anyone? Unsustainable lifestyles, uncontrollable stressors, and financial insecurity contribute to this stressed state we find ourselves in. There are, however, many ways to mitigate the effects of these factors. Organizations need to recognize the systemic issues that contribute to exhaustion and work towards creating environments that prioritize employee well-being. Flexible work arrangements, adequate compensation, and access to resources for mental health support are just a few examples of measures that can alleviate the burden of exhaustion in the workforce and create a better work environment for all. Ultimately, this will mean you’ll have a more productive and satisfied workforce. Check out this blog for more!

Leadership

Leadership encompasses the art of inspiring and guiding individuals or groups toward achieving common goals and objectives. Effective leadership involves qualities such as vision, integrity, empathy, communication, and strategic thinking. Although leadership can seem targeted at group efforts, it’s crucial to recognize the individuals that make up such a team. Being mindful of the larger-scale business goals while managing daily dynamics is how a good leader achieves their objectives. By helping employees reach their own goals and assisting in developing their skills, leaders guide each employee to contribute to the overall goal. They play a crucial role in shaping organizational culture, driving innovation, and ensuring the success and sustainability of their teams and businesses.

Balance of Power

The balance of power within HR is dynamic and multifaceted, shaped by the interplay between employers, employees, and external factors. Traditionally, employers have held significant power due to their control over job opportunities, salaries, and workplace conditions. However, in recent years, this power dynamic has shifted. The rise of employee advocacy, the increasing importance of corporate social responsibility, and the influence of social media have all contributed to employees gaining more voice and leverage in the workplace. As a new generation that heavily prioritizes different values enters the workforce, employers are recognizing the importance of maintaining a fair and inclusive environment. Not only for ethical concerns, but also for attracting and retaining talent. The competition for top talent in a globalized economy has compelled companies to offer more than just competitive salaries. They now need to provide holistic employee experiences that include career development opportunities, work-life balance, and diverse workplace cultures.

Get Your Guide Today

Ready to get your team ramped up on the latest HR Glossary? Download your copy now and equip your team with the essential knowledge to navigate 2024’s dynamic HR landscape!