The research
Key findings
Leadership continues to be the biggest challenge companies face around the world
Technology, analytics, and the “overwhelmed employee” are acute focus areas for HR
Skills gaps, rapid obsolescence of skills, the need for next-generation learning, and talent mobility will differentiate companies
“The 21st Century Workforce” is different – and engagement and retention are now top issues on the minds of CEOs and CHROs
HR is falling behind in structure, skills, analytics, technology, and the development of world-class recruiting and L&D
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Note: The key findings are based on the outcomes of the Global HC trends report.
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Leaders at all levels
Close the gap between hype and readiness
Current leadership programs falling short
The challenge is to develop leadership pipelines that are global, broad, and deep, reaching to every level of the organization
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Slow adoption of leading-edge learning tools
Focus on continuous learning and the move from “push” training to “pull” learning
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Ranking- and ratings-based performance management is damaging employee engagement, alienating high performers, and costing managers valuable time
A strong majority rethinking performance management
70 percent of respondents stated that they are either “currently evaluating” or have recently “reviewed and updated” their performance management systems
Copyright © 2014 Deloitte Development LLC. All rights reserved.
The quest for workforce capability
Create a global skills supply chain
Corporations now compete globally for increasingly scarce technical and professional skills
Deep capabilities drive performance—and take years to build
The gap is wider in major economies
75 percent of respondents rate workforce capability as “urgent” or “important”, however only 15 percent believe they are ready to address it
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Most companies reviewing or changing sourcing and recruiting
60 percent of respondents have updated or are currently revamping their talent sourcing strategy, another 27 percent are considering changes
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Companies struggle to instill passion and purpose
Any workplace that lags in inspiring passion and purpose will suffer by losing key employees—and at an increasing rate as the global economy picks up momentum
Beyond retention
Build passion and purpose
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Organizations promote diversity however they struggle to fully leverage the business benefits of a diverse workforce
Only one company in five (20 percent) believes it is fully “ready” to address this issue
Wider gaps observed in major economies
The gap between the urgency and companies’ readiness to address it is particularly wide in Japan, South Africa, and China
Copyright © 2014 Deloitte Development LLC. All rights reserved.
An underwhelming response to today’s overloaded employee
65 percent of executives rated the trend as “urgent” or “important”, while 44 percent said that they are “not ready” to deal with it
The global and local HR function
Balance scale and agility
The overwhelmed employee
Simplify the work environment
Copyright © 2014 Deloitte Development LLC. All rights reserved.
65 per cent assess their capabilities as “Adequate” to “Under-performing”
Third most urgent and important trend with 77 percent of respondents ranking it as “urgent” or “important”
The overwhelmed employee
Simplify the work environment
The reskilled HR team
Transform HR professionals into skilled business consultants
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Talent analytics in practice
Go from talking to delivering on big data
Nearly half of the companies surveyed are moving forward
Companies that successfully leverage analytics will be positioned to outperform their peers in executing their talent strategies
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Limited investment in HR and talent systems
56 percent of the respondents say their companies are either not considering updating or have no definitive plans to update their systems
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Wide gaps observed across economies
81 percent of large organizations report that implementing an HR global operating model is “urgent” or “important” today
The global and local HR function
Balance scale and agility
Copyright © 2014 Deloitte Development LLC. All rights reserved.
How to access the report
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Read the PDF Report and share it within your organization
www.deloitte.com/hctrends2014
Use the Interactive Dashboard www.deloitte.com/hcdashboard to filter the trend data by:
Organization size
Industry
Region
Country
Level in organization
Download the iPad App and familiarize yourself with the trends
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