As 2025 gets underway, the human resources departments of New Mexico businesses are tasked with navigating a rapidly shifting industry landscape. Ensure your HR department is ready for 2025 by exploring the projected key trends and challenges to prepare for in the upcoming year:
Labor Market Shifts
In recent years, HR departments were tasked with navigating a very tight labor market and having to adjust recruitment strategies to be competitive. The labor market has begun to soften and talent shortages are not quite as tough overall. However, this can vary significantly by sector and location, so New Mexico HR departments still need to set expectations accordingly with hiring managers. This includes ensuring they create compelling job descriptions, provide a positive candidate experience, and extend offers that are aligned with market value. Additionally, HR departments may want to encourage managers to prioritize retention. Although there is projected growth in talent availability in 2025, it is at a slower pace and attracting quality candidates may still be somewhat of a challenge.
Remote and Hybrid Work
The nature of the workplace continues to evolve after the spike and then subsequently reduction in remote work over recent years. During the pandemic, remote work became the norm, but many organizations who issued strict return to office orders found themselves facing employee dissatisfaction. In 2025, HR needs to continue to find ways of balancing workers’ demand for flexible working models with organizational and operational needs. They will need to consider implementing and/or updating official policies for remote and hybrid work so that it is beneficial to both the company and its employees.
Compliance Requirements
State and federal regulations change regularly, but with 2024 being a U.S. presidential election year and a new administration coming in 2025, HR departments will need to be ready to pivot and adapt to staying on top of new compliance requirements. HR professionals should be proactive in researching possible changes to compliance framework and quickly developing contingency plans for any likely potential policy changes to minimize disruptions and prevent costly penalties.
Attract Top Talent in New Mexico
Get your HR department set up for success in 2025 by partnering with The Hire Firm for your executive hiring needs. The Hire Firm is a leading New Mexico area job placement agency serving employers across industries. Contact us today to learn more about our employer services.