Despite a cooler labor market and improved hiring outlook, HR leaders’ expectations continue to decline around two key areas — retention and employee engagement — according to a Dec. 12 report from The Conference Board.
Overall, The Conference Board CHRO Confidence Index dropped to 53 for the fourth quarter, down from 55 in the third quarter this year. Although a reading higher than 50 reflects more positive than negative responses, CHROs may still feel cautious going into the new year, Conference Board said.
“HR leaders’ optimism is waning as recession remains on the horizon to start 2024,” Diana Scott, leader of The Conference Board U.S. Human Capital Center, said in a statement.
