HR budgets are stagnating, and even getting lower. In fact, up to 25% of HR budgets decreased in 2023, according to Gartner. At the same time, the function’s strategic importance is only growing and becoming more complex. Gartner’s research also showed that more than 80% of HR leaders are expected to do more work compared to three years ago.
So, what gives? On one hand, this puts HR teams in a precarious position. The role is more draining than ever, and studies are pointing to HR burnout. On the other hand, HR teams have a significant opportunity. They have more chances to make an impact and influence strategic priorities than ever before.
