Key Highlights
- 68% of consumer goods companies report challenges in attracting skilled HR talent
- 52% of HR professionals in consumer goods cite employee retention as their top challenge
- 75% of organizations in the consumer goods sector plan to increase digital HR initiatives in the next two years
- 60% of HR teams in consumer goods have adopted remote onboarding processes post-2020
- 48% of consumer goods companies have increased training budgets for digital skills
- 55% of HR leaders in consumer goods report higher use of analytics to improve talent management
- 40% of consumer goods companies experienced a turnover rate increase in 2022
- 70% of HR professionals in the sector believe diversity and inclusion initiatives positively impact business performance
- 64% of consumer goods HR departments are focusing on reskilling efforts to meet changing market needs
- 35% of consumer goods companies plan to implement AI-driven talent acquisition tools by 2025
- 85% of consumer goods HR teams use employee engagement surveys to guide their strategies
- 42% of consumer goods firms face difficulties in compliance with evolving labor laws
- 50% of consumer goods companies plan to enhance mental health support programs for employees
Struggling to keep pace in a rapidly transforming industry, consumer goods companies are facing unprecedented HR challenges, from talent shortages and retention struggles to embracing digital innovation and fostering diversity—all amid a shifting landscape that demands agile, tech-savvy, and purpose-driven HR strategies.
Digital Transformation and Technology Adoption
- 57% of HR teams face challenges when implementing new HR software systems
- 46% of consumer goods HR departments are exploring blockchain for HR record management
- 49% of consumer goods HR teams use virtual team collaboration tools as standard practice
- 38% of HR managers are exploring the use of blockchain for securely sharing employee credentials
Digital Transformation and Technology Adoption Interpretation
Diversity, Inclusion, and Flexibility Strategies
- 70% of HR professionals in the sector believe diversity and inclusion initiatives positively impact business performance
- 62% of HR leaders believe flexible work arrangements improve productivity in consumer goods firms
- 47% of consumers expect companies to demonstrate social responsibility through employment practices
- 51% of consumer goods companies track diversity metrics to inform their HR strategies
- 66% of HR leaders plan to implement more flexible benefit programs in the next 12 months
Diversity, Inclusion, and Flexibility Strategies Interpretation
Employee Engagement and Wellbeing Initiatives
- 85% of consumer goods HR teams use employee engagement surveys to guide their strategies
- 50% of consumer goods companies plan to enhance mental health support programs for employees
- 73% of consumer goods companies have increased digital communication with employees
- 59% of HR teams report increased focus on employee wellbeing post-pandemic
- 48% of workers in consumer goods report seeking more purpose-driven work
- 58% of companies have introduced wellness apps as part of their employee health programs
- 53% of HR teams are increasing investment in employee recognition programs
- 62% of consumer goods companies have adopted employee digital health monitoring initiatives
- 43% of HR teams are developing tailored mental health programs for specific demographic groups
Employee Engagement and Wellbeing Initiatives Interpretation
Operational Challenges and Organizational Priorities
- 54% of consumer goods companies see automation as key to reducing HR operational costs
Operational Challenges and Organizational Priorities Interpretation
Workforce Development and Talent Management
- 68% of consumer goods companies report challenges in attracting skilled HR talent
- 52% of HR professionals in consumer goods cite employee retention as their top challenge
- 75% of organizations in the consumer goods sector plan to increase digital HR initiatives in the next two years
- 60% of HR teams in consumer goods have adopted remote onboarding processes post-2020
- 48% of consumer goods companies have increased training budgets for digital skills
- 55% of HR leaders in consumer goods report higher use of analytics to improve talent management
- 40% of consumer goods companies experienced a turnover rate increase in 2022
- 64% of consumer goods HR departments are focusing on reskilling efforts to meet changing market needs
- 35% of consumer goods companies plan to implement AI-driven talent acquisition tools by 2025
- 42% of consumer goods firms face difficulties in compliance with evolving labor laws
- 45% of consumer goods companies report challenges in aligning HR strategy with rapid digital transformation
- 58% of HR departments in the industry utilize learning management systems for employee development
- 49% of HR professionals in consumer goods are implementing AI chatbots for candidate screening
- 41% of HR leaders see talent shortages as a critical risk to their consumer goods business growth
- 66% of organizations in the consumer goods sector are investing in automation of HR processes
- 70% of HR leaders plan to adopt virtual reality for training in the next three years
- 43% of consumer goods HR departments leverage social media for employer branding
- 55% of industry HR professionals are focusing on upskilling for e-commerce roles
- 65% of consumer goods companies have increased investment in HR technology over the past year
- 37% of HR leaders anticipate a rise in freelance and gig workers in consumer goods roles by 2025
- 69% of consumer goods HR managers prioritize digital literacy programs
- 63% of HR teams are integrating data analytics to monitor employee performance
- 44% of consumer goods HR departments use gamification in training programs
- 49% of HR professionals are investing in personalized employee development plans
- 72% of consumer goods firms plan to enhance their employer branding online
- 61% of consumer goods companies are focusing on cross-functional HR strategies to improve agility
- 41% of consumer goods companies report difficulties in maintaining corporate culture during rapid growth
- 67% of HR leaders cite talent acquisition challenges as their primary HR concern
- 54% of HR teams are prioritizing upskilling existing employees over hiring in the current market
- 60% of HR professionals find measuring training effectiveness challenging
- 55% of consumer goods HR departments are investing in artificial intelligence for employee scheduling
- 72% of consumer goods companies are working on enhancing their employer value proposition
- 59% of consumer goods HR departments see a need for more comprehensive onboarding processes
Workforce Development and Talent Management Interpretation
Sources & References
- Reference 1MCKINSEYResearch Publication(2024)Visit source
- Reference 2PWCResearch Publication(2024)Visit source
- Reference 3DELOITTEResearch Publication(2024)Visit source
- Reference 4BCGResearch Publication(2024)Visit source
- Reference 5SHRMResearch Publication(2024)Visit source
- Reference 6NIELSENResearch Publication(2024)Visit source
- Reference 7LINKEDINResearch Publication(2024)Visit source
- Reference 8PRIVACYONLINEResearch Publication(2024)Visit source