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2024 Megatrends and Workforce Predictions
Take an in depth look at the HR Megatrends and Workforce Predictions that we forecast will shape the world of work for millions of people in the year ahead.
Press Release
Great Managers = Great Workplaces: Three in Four Employees Globally Say Their Manager Directly Motivates Them to Go Above and Beyond
LOWELL, Mass., and WESTON, Fla. | Managers have a major impact on employees’ productivity and engagement, as well as other factors that create a great place to work such as building trust, fostering open communication, and caring for employees as individuals, according to a new global study by the UKG Workforce Institute. However, managers also report the highest levels of burnout at work, underlining the critical need for more organizational support in order to be the most effective in their roles.
Press Release
UKG: February Features Shift Work Rebound, Holiday Surprise
LOWELL, Mass., and WESTON, Fla. | After a seasonably slower start to 2024 in January, February featured a holiday surprise and workforce activity increased 0.5% to push the labor market in a positive direction, according to the February 2024 Workforce Activity Report published by UKG.
Media Coverage
Should the day after the Super Bowl be a national holiday?
The TODAY Show | Millions of people are expected to call out of work on the Monday after the Super Bowl, and those who show up might be less productive than usual. Should it just be declared a national holiday?
Press Release
UKG: An Estimated 16.1 Million U.S. Employees to Miss Work Super Bowl Monday, Millions More Plan to Show Up Late
LOWELL, Mass., and WESTON, Fla. | Bring in the backups! An estimated 16.1 million U.S. employees plan to miss work the Monday after Super Bowl LVIII, including over 6 million U.S. employees who will risk a workplace penalty for faking sick or “ghosting” work altogether and not showing up. That’s according to new research conducted online by The Harris Poll on behalf of the UKG Workforce Institute, which has tracked absenteeism surrounding the big game for nearly two decades.
Press Release
UKG: January Workforce Activity Slows — But There’s More to the Story
LOWELL, Mass., and WESTON, Fla. | Workforce activity declined 2.4% in January, turning the broader labor market trend toward neutral, after several months of relatively consistent stagnation — but there’s more to the story on what’s driving the slowdown in shift work, according to the January 2024 Workforce Activity Report published by UKG.
Press Release
UKG: Workforce Activity Trending Up, November Strongest Month Since June
LOWELL, Mass., and WESTON, Fla. | November was the strongest month for workforce activity since June, even when accounting for the Thanksgiving holiday, according to the November 2023 Workforce Activity Report published by UKG. Shift work increased 0.4%, with gains across most sectors, signaling more strength for the remarkably steady labor market.
Press Release
Holiday Shopping Season Competition Urges Stores to Drive Up Investment in People
LOWELL, Mass., and WESTON, Fla. | A new report on holiday season retail trends from UKG finds store traffic and shopper demand are up year over year, and almost all retailers (96%) — up from just 40% in 2022 — have plans to increase headcount in stores for the 2023 holiday shopping season. Seasonal hiring goals could be difficult to hit, however, as turnover continues to be a challenge and competition for talent remains strong, potentially putting the customer experience on the line.
Press Release
UKG Debuts the 2024 HR Megatrends Shaping the World of Work
LOWELL, Mass., and WESTON, Fla. | UKG today debuted its 2024 HR Megatrends that will shape the world of work for millions of employees and organizations across industries. The company will discuss the 2024 HR Megatrends in depth — including what they mean for the workforce and what organizations can do to best support their people in 2024 — during the UKG Aspire conference this week in Las Vegas.
Press Release
UKG: Will Friday’s Jobs Report Frighten Job Seekers?
LOWELL, Mass., and WESTON, Fla. | Although October couldn’t conjure much momentum, the month brought little to fear about the overall labor market, according to the October 2023 Workforce Activity Report published by UKG. Shift work decreased slightly (-0.2%) — but it’s no ghost town, as workforce activity remains relatively consistent compared with recent months and even past Octobers.