Today's companies must arm HR teams with the necessary tools to improve employee experience, build loyalty and retain talent. (Photo: Shutterstock)

As we turn the corner to 2020, companies are taking stock of their achievements over the last year—have targets been met? How do they measure up to the competition? And as the new world of work continues its dizzying transformation, what must be revamped to adapt to today's modern workforce? How does this all contribute to the company's bottom line?

Increased job growth, decreased unemployment and slow workforce growth have come together, giving employees the upper hand to select for whom they will work and for how long. In response, organizations of all shapes and sizes are putting people first and rethinking the way they work. HR personnel grapple with ways to ignite company culture and reinvent processes and policies to connect with their employees and meet the wishlists of the younger generations.

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