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2015 Global Human Capital Trends Leading in the New World of Work

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2015 Global Human Capital Trends Leading in the New World of Work


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Speakers Bill Pelster Principal Deloitte Consulting Amy Wilson Vice President, HCM Strategy and Applications Workday


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Join the conversation #WDAY | @DeloitteTalent


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2015 Global Human Capital Trends Leading in the new world of work Copyright © 2014 Deloitte Development LLC. All rights reserved.


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Copyright © 2015 Deloitte Development LLC. All rights reserved. 5 Global Human Capital Trends 2015 Leading in the NEW WORLD of WORK Barriers between work and life dissolve Talent in high demand Millennials make up 50% of workforce Global transparency in job market


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3,000+ respondents 106 countries Largest-ever longitudinal global talent study Global Human Capital Trends 2015


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Engagement and culture Leadership gaps 10 human capital trends for 2015 Learning & development On-demand workforce Reskilling HR    Performance management People analytics Simplifying work Machines as talent People data everywhere 87% 87% 86% 80% 80% 75% 73% 71% 57% 52% 50% 51% 40% 39% % Urgent


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Business needs HR is not keeping up Global Economic Growth


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LEADERSHIP Why a perennial issue? see leadership shortfalls as a top 3 issue Need to focus on developing leaders at all levels Treat as short-term training instead of a strategic initiative 87%


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LEARNING AND DEVELOPMENT Into the spotlight see L&D as a top 3 issue; up from #8 last year Need to reinvent the learning experience Skill shortage is holding back strategy execution 84%


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CULTURE AND ENGAGEMENT The naked organization talent issue Create meaningful work, deep engagement, and job fit #1global say the problem is “urgent”– double the 2014 percentage 50%


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WORKFORCE ON DEMAND Are you ready? More than one-third of U.S. workers are contingent Need to apply engagement strategies to all workers Organizations are tapping networks of specialists


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PERFORMANCE MANAGEMENT The secret ingredient Emphasize coaching and feedback Less emphasis on evaluation; more on agile goal setting have changed performance management processes 86%


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REINVENTING HR An extreme makeover Align HR capabilities with business goals HR is being redefined as an enabler and builder of talent see an urgent need to reskill the HR function 39%


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HR AND PEOPLE ANALYTICS Stuck in neutral rate analytics important; only 8% are “strong” Need a long-term commitment to analytics No year- over-year improvement in analytics capabilities 75%


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PEOPLE DATA EVERYWHERE Bring the outside in leverage social data for recruiting and engagement 39% Need to leverage inside and outside data sources Vast amount of valuable social and other outside data


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SIMPLIFICATION OF WORK The coming revolution see need to simplify work; 25% say need is urgent 75% Redesign work to focus on what matters Technology and globalization creating overwhelmed employees


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MACHINES AS TALENT Collaboration, not competition say that cognitive technology at work is important Nearly 60% Stay vigilant for opportunities to apply technology of jobs are likely to disappear within 5 years 50%


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5 key findings


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BE BOLD Copyright © 2014 Deloitte Development LLC. All rights reserved.


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Copyright © 2015 Deloitte Development LLC. All rights reserved. 21 Global Human Capital Trends 2015 www.deloitte.com/link Global Human Capital Trends 2015 LEADING IN THE NEW WORLD of WORK


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This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication. About Deloitte As used in this document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Copyright © 2015 Deloitte Development LLC. All rights reserved. Member of Deloitte Touche Tohmatsu Limited


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Join the conversation #WDAY | @DeloitteTalent


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Thank You


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