Many of us are happy to see 2020 in the rearview mirror. But I think there are positive lessons learned that will be important to keep in mind for 2021. The following are the ones that most resonate with us. Positive lessons HR learned in 2020 We were reminded to be humble - The virus is a sneaky, unpredictable enemy. The best leaders recognized early that they didn’t have all the answers and realized that “learning as we go” was the best strategy of all. Humility is a business strength in good times, too. Even Amazon, one of the most successful companies in the world, takes lots of time to learn from mistakes and avoids “going through doors that you can’t back out of.” We learned to listen - This year’s research found that listening to employees and taking action was by far the most important business practice. This lesson goes back to the fundamental idea that employees are a company’s most important asset. Employees live your brand every day, and they have a personal stake in your ...
Virtual international assignments are likely to continue, in line with continued border restrictions in many locations. At the same time, rates of salary increases are expected to rebound in the year ahead. With brighter spots potentially ahead in 2021, HR can expect a few shifts in workplace and employee priorities to focus on. On that note, ECA International has identified five key predictions relating to both employee mobility and employee salaries for the year ahead. These are summarized below. Five trends that salaries in 2021 Virtual international assignments will continue to be commonplace in the absence of employee mobility Junior and mid-level employees may no longer be needed in their host countries Oversight of the safety of corporate travel will increase greatly Housing costs will continue to fall as employee mobility declines Rates of salary increases will rebound in 2021 What you think about these trends, will they follow or not?