The Rising Cost of HR Administration, Battle for Talent, and More Insights

Feeling buried by all the HR administration tasks on your to-do list? You’re not alone. Join Alice Bredin, founder and president of Bredin, Inc. on this episode of Paychex PULSE as she shares insights from our 2024 Priorities for Business Leaders Report, including the increasingly integral role of HR administration. Providing an in-depth look at the escalation of administrative tasks, she shares the true cost of HR — which has grown by 70% in just one year. She also discusses the increasing challenge of talent acquisition and employee retention, giving us a clear-eyed view of the competitive recruitment landscape expected in 2024.

From the importance of strategic workforce planning to the rising focus on workers' compensation and risk management, this comprehensive discussion uncovers the diverse demands on HR departments.

#BusinessTrends #HRInsights #BusinessPriorities #Paychex

Topics include:

00:00 – Welcome Alice Bredin
01:24 – Discussion on 2024 Priorities for Business Leaders Report
02:07 – New challenges for the HR sector
03:16 – Importance of leadership development and managing performance
03:55 – Trends in managing performance and skills
05:13 – Varying HR challenges between different industries
07:12 – Insights on HR administration overload and its costs
11:01 – People management priorities
13:22 – Why leaders love to lead
14:29 – The importance of managing risk
15:23 – Wrap Up

Don’t forget to download your copy of the 2024 Priorities for Business Leaders Report: https://bit.ly/3O57OPX

Join our upcoming webinar to take a deeper dive into the challenges, strategies, and innovative ideas found in our 2024 Priorities for Business Leaders Report: https://bit.ly/4b0QaGJ

See how you compare with the leaders we surveyed by completing our two-minute interactive assessment: https://bit.ly/3U69Gvw

Need help with the countless HR tasks on your to-do list? Paychex can help: https://bit.ly/43BxPep