YEAR IN REVIEW 2022
Looking Back to Plan Ahead
We dove deep into BambooHR usage data to pinpoint what was at the forefront of HR in 2022.
Shifting Toward a People-First Culture
What This Means: HR Wants to Amplify Employee Voices and Employee Experience
If 2021 was the year of the Great Resignation, 2022 seems to have been the year of Finding Out Why It Happened. We witnessed a deliberate shift toward a people-first, communication-driven culture with a joint focus on listening more and serving employees better. Twenty-five percent (+25.5%) more time off requests were processed compared to last year. Thirty-two percent (+32.52%) more employees were enrolled in an increasing variety of benefits. And with 758,463 total pulse surveys completed, our customers amplified employee voices more than ever with our newly expanded employee experience pulse surveys.
What can you do to prepare for 2023?
- Keep pushing to discover what really motivates employees. Get a jumpstart on your research by reviewing our 2022 Compensation Trends Report.
- Seek feedback straight from your own employees, and use reliable, research-backed tools like Employee Satisfaction to measure employee sentiment and track it throughout the year—and beyond.
- Enrich your understanding of the employee experience with a deeper, multifaceted exploration of what takes employees from “satisfied” to “engaged.” We launched our own Employee Wellbeing survey tool this year for just this purpose.
With the right tools, anything’s possible.
Prioritizing Career Growth
What This Means: Employees and HR Pros Alike Crave Career Growth
From the uptick in completed goals (17.46% increase since 2021) and self-assessments (+20.68%) to the 32,031 hours logged in strategic growth conversations with our Customer Success team, we see people itching for professional development opportunities and engaging with the process. Employers are also aligning employee goals with business strategy and creating pathways for growth into 2023.
What can you do to prepare for 2023?
- Create a professional growth and development plan for your company that suits your needs and employees. Don’t know where to begin? Start by reading our Definitive Guide to Performance Management.
- Enable continuous performance management with a tool that was built for ongoing, meaningful, and actionable communication: BambooHR Performance Management.
- Get the help you need to elevate your HR practice. Our content library is a great place to start. We’re constantly creating content about pressing HR topics, so you always have somewhere to go for encouragement, support, clarity, and insight.
- Tune into HR Unplugged and HR Disruptors for live deep dives into difficult HR issues, keep an eye on all upcoming webinars, and explore our on-demand sessions for new, clarifying insights on the topics that keep your brain working overtime. Find it all right here.
- Join our HR Heroes Slack community, where you can connect and collaborate in real-time with HR pros trying to make a difference just like you.
HR heroes don’t work alone.
Using HR Data to Drive Strategic Business Value
What This Means: HR and Leaders Want Clear Insight into Business and Employee Needs
In 2022, our customers didn’t let a single data point go to waste, with a 24 percent increase in total reports added since 2021. They leveraged instant and custom reports in BambooHR to make strategic business decisions, like which integrations to adopt or how to optimize their workspaces as offices went hybrid. Recognizing that people are the backbone of any organization, employee satisfaction and wellbeing data also influenced a greater focus on compensation strategy. (With the addition of Employee Wellbeing in 2022, generating reports on employee experience survey data shot up 98 percent.)
What can you do to prepare for 2023?
- We’ll say it again: Get a handle on your compensation strategy, including implementing a pay equity analysis, determining direct vs. indirect compensation, and more.
- Learn how to recognize, champion, and leverage the link between HR data and business strategy to make a serious impact on productivity, quality, and ROI at your organization.
- Investigate the potential ROI of retiring paper processes (yes, all of them) and embracing intuitive automation and a central database.
- Kickoff the new year with a demo of BambooHR to see how award-winning HR software can make all the difference in what you and your people can achieve.
Learn how Gravy Analytics is leveraging Performance Management and Employee Satisfaction
Becky Thompson, HR Director | Gravy Analytics
Attracting, Hiring, and Retaining Great Talent
What This Means: HR Wants Retention Initiatives to Begin at Recruitment
Employee turnover remained a concern through 2022, with HR leaders taking a fresh look at every stage of the employee lifecycle to learn where and how to focus retention efforts. This year, our users honed in on first impressions, with a 20 percent increase in completed new hire packets. From the moment of first contact to e-signing the offer letter, pre-boarding, and first-day welcomes, the goal was creating ease, clarity, and excitement to lay the groundwork for a long and productive relationship with new hires.
What can you do to prepare for 2023?
- Let this be the year you next-level your hiring game. Read up on the ways an applicant tracking system can improve your hiring processes in time to jumpstart your 2023 Q1 goals.
- Already have a compensation strategy? Read “How BambooHR Helps Employees Buy Into Your Compensation Strategy” for immediately actionable advice on making your recruitment and retention efforts a success at your company.
- Take our Total Compensation Calculator for a spin to see how this simple tool can be a powerful way to show candidates and new hires the full value of their comp package.
BambooHR sets you free to do great work.
What Have We Been Up to in 2022?
New Year, New Opportunities to Add Game-Changing Value to Your HR Practice
Every project we tackle as a team at BambooHR—whether that’s outlining a new blog post, learning course, or webinar, organizing customer communities and meet-ups, or deciding on the next enhancement to our product—is always in pursuit of our mission to set people free to do great work.
As you take stock of 2022—and before you stock up on bubbly for New Year’s Eve—we encourage you to explore the resources we have available to help you make 2023 a record-breaker.
New Year’s Resolution Prompts for 2023
- Forge new connections with other HR pros in our HR Heroes Slack community.
- Find out if BambooHR is the tool you’ve been looking for to make next year better than the last.
- Revisit your performance management processes to see what new practices you should take into the new year.
- Make 2023 the year of employee feedback, so you can make more informed, strategic decisions for your workplace.
- Resolve to read and act on one piece a week from our HR content library.