Insperity Announces New Business Outlook Report 2024
22 Febrero 2024 - 1:00PM
Business Wire
Report provides small and midsize businesses
with HR solutions for their organizational challenges
- Six in 10 survey respondents have a positive outlook about
their business performance in 2024
- More than half of respondents are concerned about talent
retention, culture or employee engagement
- Six in 10 respondents use remote and/or hybrid work as part of
their talent strategy
Insperity, Inc. (NYSE: NSP), a leading national provider of
human resources and business performance solutions, today announced
the release of its new Business Outlook Report 2024. The
report provides the HR outlooks and concerns of small and midsize
business leaders, based on quarterly surveys conducted by
Insperity. The key findings show most respondents, who are the
company’s clients, held a positive outlook about their company’s
performance for 2024. Talent retention was the top HR priority most
cited by 56% of respondents, followed by building a strong culture
(55%) and keeping employee engagement high (51%). Other HR
priorities include managing healthcare costs, employee wellness,
upskilling workers and keeping pace with the changing nature of
work, including the role of AI and the continued evolution of
remote and hybrid work schedules.
“In our survey, we found that America’s best small and
medium-sized businesses are optimistic about 2024,” said Steve
Arizpe, Insperity president and chief operating officer. “As
always, leaders should look ahead to prepare for the future by
paying close attention and prioritizing their people—the company
culture, changing nature of work, employee engagement and
committing themselves to training their workforce.”
The survey results include multiple noteworthy findings based on
what is on the minds of business and HR leaders today. Key findings
include:
- Business and HR leaders have a positive outlook for
2024. Six in 10 respondents expressed an optimistic outlook
about their business’s performance in 2024, while only one in 10
expressed a concerned outlook.
- People are a priority. The most common HR concerns cited
by respondents were talent retention (56%), culture (55%) and
employee engagement (51%). Furthermore, three in four respondents
said they were very or somewhat concerned about employees feeling
less connected to their team or organization, and a similar number
were somewhat or very concerned about reduced employee
loyalty.
- Small and medium-sized businesses are taking steps to create
an employee-centered culture. Specifically, survey respondents
said they approach employee engagement and culture using onboarding
processes (41%), team-building initiatives (47%), employee events
outside work hours (40%) and employee surveys (30%). In addition,
six out of 10 considered an open-door policy to improve employee
engagement and culture, another tool to understanding employees and
their concerns.
- Employers are concerned about healthcare costs.
Forty-three percent of respondents said managing healthcare costs
was a top HR concern, reflecting rising healthcare costs
overall.
- Many businesses have yet to implement an upskilling
program. Under half of respondents said they had a strategy in
place to build the skills of their workforce through upskilling and
training. However, another 34% said they expected to put a strategy
in place but had not done so yet.
- Organizations are continuing to offer hybrid and/or remote
work. Six in 10 respondents said they use remote and/or hybrid
work as part of their talent strategy, which is a reflection of the
major changes seen in the workplace over the past several
years.
About the Survey
Insperity conducted its most recent business outlook surveys in
October 2023 with 578 respondents and January 2024 with 498
respondents. Insperity sent the online survey to HR and business
leaders across its client base of small and midsize businesses
based in the U.S. The data in this survey may not be representative
of the entire U.S. market. Both surveys have a statistical
confidence level of 95% and a margin of error of 4%.
About Insperity
Since 1986, Insperity’s mission has been to help businesses
succeed so communities prosper. Offering the most comprehensive
suite of scalable HR solutions available in the marketplace,
Insperity is defined by an unrivaled breadth and depth of services
and level of care. Through an optimal blend of premium HR service
and technology, Insperity delivers the administrative relief,
reduced liabilities and better benefit solutions that businesses
need for sustained growth. With 2023 revenues of $6.5 billion and
more than 90 offices throughout the U.S., Insperity is currently
making a difference in thousands of businesses and communities
nationwide. For more information, visit
http://www.insperity.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240222450994/en/
Investor Relations Contact: Douglas S. Sharp Executive
Vice President of Finance, Chief Financial Officer and Treasurer
281-348-3232 Investor.Relations@Insperity.com
News Media Contact: Cynthia Murga Director of Public
Relations 713-324-1414 Media@Insperity.com
Insperity (NYSE:NSP)
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