State of HR report analyzes what sets top companies apart

Few events have changed the workplace as abruptly and totally as the COVID-19 pandemic. With remote work, health and safety issues, and the Great Resignation all posing new challenges, organizations have had to adapt to find ways to continue growing revenue. According to Mineral, an HR services company, one way companies may be able to increase financial gains is by improving employee morale. Their new report, “The 2022 State of the HR Report,” suggests that companies that increased their employee morale last year were 11 times more likely to see increased revenue than organizations that saw decreased morale.

The new report pulls data from a survey of 2,644 senior HR professionals from a range of different industries and companies conducted in February of 2022. Analysis of the report identified four key factors that produce a positive work environment, which Mineral labels “Healthy HR”: thoughtful compensation, like tailored benefits; good work-life balance, such as flexible remote work schedules; potential for career growth, such as clear career ladders; and appropriate workload. 

Companies were rated as being strong, average, or weak performers on the Healthy HR metrics. According to the survey, the strongest performing companies were the most likely to see an increase in morale year-on-year, with 68% of strong HR organizations seeing morale boosts, compared to 43% of average companies and 13% of weak performers.