A Report on The Global Human Capital Trends of 2015 [Report]
Deloitte University recently published a report entitled “Global Human Capital Trends 2015: Leading in the New World of Work” that addresses issues regarding leadership and human capital trends in a changing work environment.
The “new world of work” is one in which the line between every employees’ professional and personal lives have been blurred.
With extensive social networking and mobile technology, employees today are constantly connected to their work in one way or another.
The usually exhaustive job hunt process has also become relatively easier with social networking sites like Facebook, LinkedIn, and Glassdoor. Employees not only have job opportunities available to them at their laptop screens, but can also glean extensive details about an organizations work culture and ethics from some simple internet research.
Employers no longer hold all the power
With the advent of technology, tables have turned. Employers no longer hold all the power. Potential employees are like customers or partners, rather than subordinates, and employers are now devising strategies to draw potential employees into their organization and make them stay.
Technology has brought remarkable changes into the workplace. Navigating this new workplace and work environment therefore requires equally remarkable changes with regards to leadership, talent, and human resources.
Working part-time or on a contract basis is another human capital trend
Working part-time or on a contract basis is another human capital trend that has had a significant impact on the workplace.
Global companies today operate 24/7, and the usual 9-5 job is no longer sought as keenly as before. A large number of highly skilled and talented workers are choosing the unconventional route – working remotely, part-time, or on a contract basis – and organizations are working towards accommodating such employees.
The usual 9-5 job is no longer sought as keenly as before
The role of workers is continuously redesigned and refocused, as latest cognitive technologies enter the workplace.
The race to incorporate new technologies into the office has resulted in companies integrating them into their talent programs. The human capital trends have therefore been significantly impacted by the development of technology.
The role of workers is continuously redesigned and refocused
Another factor that plays a major role in human capital trends is demographics. With the workforce being dominated by Millennials (also known as Generation Y), companies have to remember that the younger generation of workers is drastically different from the older generations.
The Millennials are constantly seeking roles at the workplace that allow them to shoulder leadership and responsibility. They want work that is meaningful, flexible, and will let them climb up the career ladder quickly.
The workforce is dominated by Millennials
Changing human capital trends in 2015 have created a new world of work. It is a world that demands ingenious and creative thinking on the part of HR organizations.
The latest human capital trends are set to change almost all current people practices- especially in terms of managing workers, creating and developing teams, picking leaders, and handling responsibilities to leaders.
Changing human capital trends in 2015 have created a new world of work
In a bid to adapt to the latest human capital trends, HR organizations are now challenged with the task of evaluating and managing the entire company culture. Workers today require a simple and effective work environment that allows them to easily adapt and learn.
Workers today require a simple and effective work environment
2015 is going to be a crucial year for human resources teams all across the world, especially in global organizations. As the latest human capital trends gather momentum, it is easy to predict that 2015 is going to be a year that encourages ingenuity, fearless leadership, and dramatic changes in fundamental HR practices.
All the data from this research can be viewed by geography, company size, and industry using an interactive tool, the Human Capital Trends Dashboard.