Garry Straker - Will These Surprising HR Trends From 2023 Continue Into 2024

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Garry Straker is a Senior Compensation Consultant at Salary.com. As a
total rewards professional with over 20 years of experience, he’s worked
with a diverse range of businesses, higher education institutions, and
non-profit entities.

In this episode, Garry talks about some surprising trends from 2023 and
whether he thinks they will carry into 2024.

Chapters
[0:00 - 3:07] Introduction
• Welcome, Garry!
• Today’s Topic: Will HR Trends from 2023 continue into 2024 and
beyond?
[3:08 - 10:15] Surprising trends of 2023
• Pay transparency legislation lost some of its momentum
• Labor unions had a high-profile year and made some big moves
[10:16 - 25:16] HR trends that will impact 2024
• AI and its role within HR
• Employers will benefit from better managing their internal labor markets
and developing employee skills
[25:17 - 40:22] Garry’s predictions for 2024, 2025, and beyond
• Even in the event of a change in administration, the economy is probably
going to chug along
• Salary budgets and their tie to the labor market
[40:23 - 49:05] Q&A and Closing
• Answering some questions from the webinar audience
• Thanks for listening!

Quotes
“The labor market is going to look very different in 2024, and it’s going to be
important for employers to better manage their internal labor markets.”
“If [employees] are underperforming, . . . [companies] need to have the
systems and processes in place to be able to identify that and address it
quickly.”

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