Report highlights ten major human capital trends

Posted by on Apr 23, 2015 in blogs | 0 comments

Torn newspaper headlines depicting business strategyEarlier this year, Deloitte released its 2015 Global Human Capital Trends report, the annual comprehensive study of HR, leadership, and talent challenges compiled using data from surveys and interviews taken from over 3,300 HR and business leaders in 106 countries around the world.

The report identifies 10 major trends that emerged and cites the capability gap (measuring the distance between the importance of an issue and organisations’ readiness to address it) associated with each, as well as practical ideas for how to help organisations combat these challenges. Ranked by importance, the Top 10 talent challenges reported for 2015 are:

1. Culture and engagement – 
Emerged as the top trend in terms of importance. 50% say the problem is ‘very important’ – double last year’s number
2. Leadership
- 86% cite leadership as one of their most important challenges
3. Learning and development
 – Importance jumped 25% over last year. Capability gap is three times bigger than last year
4. Reinventing HR
 – Only 5% rate their organisations HR performance as ‘excellent’ and just 22% believe HR is adapting to the challenging needs of their workforce
5. Workforce on demand – 
51% see an increase in contingent hiring in the next three to five years
6. Performance management
 – 89% recently changed their performance management process or plan to change it within 18 months
7. HR and people analytics – 
Only 8% believe their organisation in ‘strong’ in this area
8. Simplification of work – 
10% have a major work simplification program. 44% are working on one.
9. Machines as talent – 
Almost 60% rate this trend as important but fewer than 10% have an ‘excellent’ understanding of its implications
10. People data everywhere
 – 39% leverage social media to improve recruiting, engagement and employer brand.

Deloitte’s data highlights considerable gaps in capability among all 10 trends, with the majority of capability gaps getting larger compared to the previous year.

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