16 Human Resource Management Statistics To Know For 2022

As the world becomes more and more technologically advanced, organizations are becoming increasingly dependent on their human resources. Nowadays it is not uncommon for HR professionals to be tasked with developing new strategies that support the rapid technological advancements of today’s society. To make sure your company doesn’t fall behind in this changing landscape, here are some important statistics from a recent study about how companies manage their workforce trends.

The “trends affecting human resource management” is a topic that has been trending in the past few years. These trends will affect how HR professionals do their jobs in 2022 and beyond.

Human resources management is in charge of a company’s recruitment, interviewing, and hiring processes.

Managers and executives may also discover how to improve the HR department and the organization with the use of human resource management data.

Managers may learn a thing or two from these figures, since it is critical to provide workers with a great work experience.

So, let’s have a look at them!

Statistics on Human Resource Management (Editor’s Pick)

  • The market for HR management is worth $19.38 billion.
  • Employee retention is the most pressing issue for 47% of HR departments.
  • Every year, 27% of workers quit their jobs willingly.
  • Because to work characteristics, 81 percent of employees quit their positions.

Statistics on Human Resource Management

1. The human resource management market is expected to be worth $19.38 billion in 2021.

According to Grand View Research, the human resource management industry will be worth $19.38 billion in 2021. Furthermore, by 2028, it is expected to generate $43.29 billion in revenue.

Grand View Research is the source of this information.

2. Employee retention and turnover are the main challenges for almost half of HR teams (47 percent).

According to the Work Institute’s 2019 Retention Report, staff retention and turnover are the most difficult issues for HR departments. Furthermore, management of company culture and recruiting are two of the top three problems.

Retention Report 2019 from the Work Institute

3. More than half of CEOs want their staff to work from home at least once a week.

Since the outbreak, several firms have had to send the majority of their staff to work from home. After the epidemic, 55 percent of CEOs want their employees to work from home one day each week. In contrast, just 39% of bosses expected their workers to work from home one day each week before the epidemic.

PwC is the source of this information.

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4. After the epidemic, over one-third of employees plan to continue working from home five days a week.

According to a PwC poll, almost 32% of workers plan to continue working from home five days a week after the epidemic. In addition, 9% want to do it four times a week and 17% want to do it three times a week. Furthermore, 15% want to work from home two days a week, while 11% want to work from home one day a week. Finally, 17% say they wish to work full-time or most of the time at an office.

PwC is the source of this information.

5. Approximately 87 percent of workers participate in wellness initiatives.

Human resources oversees lifestyle management initiatives such as those aimed at reducing smoking and obesity. Furthermore, 87 percent of workers participate in such wellness initiatives. They saved workers around $6 per month and businesses about $0.5 per month as a consequence.

Rand Corporation is the source of this information.

6. Every year, around 27% of workers willingly quit their positions.

Every year, more than a quarter of workers (27%) quit their employment willingly across all sectors. These figures originate from the 2019 Work Institute Retention Report.

Retention Report 2019 from the Work Institute

Employees quit their employment in 7.81 percent of cases owing to work characteristics.

Voluntary turnover occurs for a variety of reasons, including some employees’ desire to further their careers elsewhere or a lack of support in their current workplace. For example, job characteristics account for 81 percent of voluntary turnover. Furthermore, the work environment is responsible for 51% of voluntary turnover.

Retention Report 2019 from the Work Institute

8. Superior employees are eight times more productive than ordinary employees.

According to a 2017 McKinsey analysis, outstanding talent is eight times more productive at work than ordinary performers. As a result, investing in top talent implies that one excellent worker can do the same amount of work as eight ordinary employees.

McKinsey & Company

9. The typical yearly compensation for an HR manager was $121,220 in May 2020.

In 2020, the average yearly income for a human resources manager was $121,220, according to the US Bureau of Labor Statistics. Furthermore, this indicates that the median hourly wage was $58.28.

Source: Bureau of Labor Statistics of the United States of America

10. Over one-tenth of workers (11%) blame their boss’s actions for quitting the company.

11 percent of workers identified their manager’s actions as a cause for leaving their employment. In addition, 22% blame a lack of job advancement, 13% a lack of work-life balance, 9% benefits and inadequate salary, and 9% low well-being. This information comes from a Work Institute report.

Work Institute is the source of this information.

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11. Management buy-in is the largest hurdle to culture strengthening, according to one in every two HR experts (52 percent).

HR specialists are responsible for fostering a positive work environment and ensuring that workers are pleased. Furthermore, more than half of them (52 percent) see management buy-in as the most significant impediment to culture building.

CultureIQ is the source of this information.

12. Companies who invest in candidate experience boost the quality of their recruitment by 70%.

Candidates’ perceptions of the recruitment process might be swayed by a pleasant experience. Companies should invest on candidate experience, according to studies. Why? In these firms, however, the quality of recruits may increase by 70%.

Deloitte is the source for this information.

13. Approximately 20% of workers are hesitant to speak with their bosses.

In the United States, nearly one-fifth of workers (20%) are hesitant to speak with their bosses. This might be an issue for HR, since there should always be two-way communication between management and workers.

SHRM is the source for this information.

14. 58 percent of workers quit their jobs due to workplace culture, with people managers cited as the primary reason.

When it comes to quitting employment, people say they do so because of the culture. Furthermore, 58 percent of individuals who quit their jobs due to culture cite people managers as the primary reason for their departure. According to a SHRM poll, this is the case.

SHRM is the source for this information.

15. More than three out of ten workers feel their bosses are incapable of leading a team.

Statistics on leadership show how critical it is to have a capable leader in order to have a productive and successful team. According to SHRM statistics, 36 percent of workers believe their managers don’t know how to lead a team.

SHRM is the source for this information.

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16. According to 89 percent of HR specialists, continual performance management is more successful than annual performance management.

According to 89 percent of HR specialists, continual performance management is more successful than annual or twice-yearly performance management. Because of the superiority of continuous performance management, HR professionals may decide to forgo doing annual reviews.

HR.com is the source for this information.

The Final Word

To summarize, HR data inform us how the market is currently doing and what HR can do to guarantee that workers are productive, engaged, and successful. Furthermore, HR data may assist businesses in improving their operations. Furthermore, data on the human resources business provide information on the market’s size and predicted growth.

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The “statistics for human resource management pdf” is a document that contains 16 statistics that are relevant to the field of human resources. These statistics have been compiled by a variety of sources and organizations.

Frequently Asked Questions

Whats the one biggest thing HR teams should be prepared for as we head into 2022?

A: The H1B visa process, as well as the degree to which it is used or abused by employers.

What are the HR trends for 2021?

A: The Human Resources trend for 2021 is expected to be a total of 3%.

What is the future of human resources management?

A: Human resources management is one of the most important and difficult tasks in business. In order to keep employees engaged, companies must also consider their personal lives. There are a number of different ways that HR departments can take care of these needs without compromising productivity or job satisfaction for staff members

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