One of the highlights for me from a learning perspective every year is reading the annual Deloitte Human Capital Trends … The 2020 Deloitte Global Human Capital Trends report. Deloitte’s “2020 Global Human Capital Trends” survey, which polled nearly 9,000 business and HR leaders in 119 countries, reflects this growing movement: Fifty percent of … The ability to effectively tap into the alternative workforce can help organizations access scarce capabilities in rapidly changing work and job markets. Themes that can help organizations achieve their potential and gain new perspectives are explored in the second part of this two-part series based on Deloitte’s "2020 Global Human Capital Trends" report. Yet, only 16% of business leaders expect to make a significant investment increase in the continual reinvention of the workforce over the next three years. Infographic highlighting key trends from the 2020 Deloitte Global Human Capital Trends report and which SAP solutions are enablers for these trends. To learn more about Deloitte’s “2020 Global Human Capital Trends … Public Relations 2020 Deloitte Global Human Capital Trends. While technology provides a tremendous platform for reinvention, organizations need to realize that reinventing work is about building a culture where humans can thrive by creating meaning in work, as well as developing a new level of resilience and adaptability to handle disruptive events. Public Relations Though 80% of respondents identified well-being as an important or very important priority for their organization’s success, 61% are not measuring the impact of well-being on organizational performance. Furthermore, 66% of respondents believed that the number of jobs would either stay the same or increase as a result of AI’s use in the next three years. COVID-19 has created a clarifying moment for work and the workforce. This article, … Please see www.deloitte.com/about to learn more about our global network of member firms. See Terms of Use for more information. Dan Berner is the North Texas managing partner of Deloitte. © 2020. Melissa Doyle “The 2021 Deloitte Global Human Capital Trends survey … Now celebrating 175 years of service, our network of member firms spans more than 150 countries and territories. With the “half-life” of technical skills decreasing, the use of forward-looking workforce metrics is critical for boards and investors to gain insights into the reskilling of workers. 2020 was like no other, and technology reflected that. Our 2020 TMT report findings. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Human Capital Trends; Designing work for wellbeing. Reading Time: 1min read 0. How—and where—human resources (HR) professionals do their jobs will undergo radical change in the coming year. This year’s Global Human Capital Trends … DTTL (also referred to as "Deloitte Global") does not provide services to clients. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. This extraordinary time is when organizations should identify and invest in workers’ capabilities, develop new team structures, and evaluate how to best leverage the alternative workforce. Beyond reskilling and investing in resilience In its 10th annual 2020 Global Human Capital Trends report, “The social enterprise at work: Paradox as a path forward,” Deloitte examines ways to create that level of sustainability by … November 11, 2020 … Deloitte, together with Workday, addresses differentiators for the 2020 Human Capital Trends, and showcases the potential of an HCM cloud enterprise enabled by Workday For example, just 21% of organizations say their well-being strategy includes alternative workers. That’s one of the key findings in Deloitte’s “2020 Global Human Capital … By Dr Lydia Cillié-Schmidt. Certain services may not be available to attest clients under the rules and regulations of public accounting. A podcast by our professionals who share a sneak peek at life inside Deloitte. About Deloitte Thriving: Embracing an enterprise mindset that prioritizes re-architecting work to capitalize on unique human strengths. Although organizations are trying a variety of strategies to future proof their workforce, 68% of respondents report their organizations are currently making only moderate investments in reskilling or no investment at all. —Jeff Schwartz, principal and U.S. future of work leader, Deloitte Consulting LLP. 22. The need for a human focus has catapulted well-being and belonging into top concerns for organizations as the No. The social enterprise at work: Paradox as a path forward: 2020 Deloitte Global Human Capital Trends How can organizations remain distinctly human in a technology-driven world? If organizations don’t figure out how to capitalize on humans’ ability at work, they will not only sub-optimize the potential that technology creates, but hamper the reinvention required to thrive in the context of this pandemic and beyond. The lessons learned over the past eight months bring sharp focus to global human capital trends that have been evolving for years. 1 and 2 trends, respectively, this year. Social enterprise at work and bringing purpose to the forefront With the onset of COVID-19, organizations have had to take immediate actions in reaction to the pandemic, such as the shift to remote and virtual work, the implementation of new ways of working and redirecting the workforce on critical activities. Now organizations should be thinking about how to sustain these actions by embedding them into their organizational culture and DNA. He has been a consulting partner for 25 years and he has extensive experience in workfo... More, Brad is a principal in Deloitte Consulting and leads Deloitte’s US Human Capital practice for Power, Utilities & Renewables. Deloitte’s 2020 Global Human Capital Trends report calls upon organizations to embrace three attributes—purpose, potential, and perspective—that characterize what it means to fuse people … Leaders must initiate and lead the dialogue around tech-related ethical concerns and the alternative workforce 0. The webinar was presented by Vicky Yeo and Yvette Keys from Deloitte New Zealand. Last year, we introduced the idea of superjobs, which combine work and responsibilities from multiple traditional jobs, using technology to augment the scope and impact of the work individuals perform. Nine trends are identified—all that are said to likely transform business in the next 18-24 months. Deloitte’s 2020 Global Human Capital Trends report explores the evolution of the social enterprise and how business leaders can foster a more engaged, empowered workforce. Human Capital Trends 2020 and the implications for HR Shared Services 2020 Deloitte Shared Services Virtual Conference | 18 June 2020 Looking ahead at the next decade, 80% of respondents rated “the radical shift in work, careers, and jobs due to AI and new employment models,” as important or very important. by Talenttalks. Discover Deloitte and learn more about our people and culture. “The social enterprise at work: Paradox as a path forward”. Social login not available on Microsoft Edge browser at this time. This year’s Global Human Capital Trends report calls upon organizations to embrace three attributes—purpose, potential, and … DTTL and each of its member firms are legally separate and independent entities. Based on our research, the three characteristics that need to be embedded into a social enterprise’s DNA to help them prepare for the future are: purpose (deepening the mission and values connection amongst teams, individuals and the work itself), potential (tapping into workers’ capability to contribute in new ways) and perspective (making bold decisions at a time of persistent change). When asked how creating a sense of belonging supports organizational performance, 63% answered that it does so by enhancing alignment between individual and organizational objectives. Deloitte’s 2020 #HCTrends offers a new perspective. In this role, she is focused on helping leaders solve their most complex and pressing human capital i... More, Jeff is a senior consulting partner and is a recognized global advisor and thought leader in the future of work. —Erica Volini, principal and global human capital leader, Deloitte Consulting LLP. 2020 Human Capital Trends Part 1: Paving a Path Forward in Times of Crisis Organizations that remain distinctly human, even as they increasingly leverage technology, can … VIEWS. 2020 Global Human Capital Trends | Deloitte. Deloitte Global One report that many HR professionals eagerly await each year is the Deloitte Global Human Trends … Worker well-being as an organizational responsibility through belonging +1 617 585 5886, Steve Dutton Power, Utilities & Renewables Human Capital Leader, Telecommunications, Media & Entertainment, The social enterprise at work: Paradox as a path forward. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. To thrive in an environment that can shift from moment to moment, organizations must become distinctly human at the core. With technical skills becoming outdated so quickly, organizations should be investing in longer lasting capabilities like creativity, collaboration, critical thinking and emotional intelligence that can keep their workforce relevant. Timely, relevant, and relatable, the blog features discussions on the HR … Certain services may not be available to attest clients under the rules and regulations of public accounting. DTTL (also referred to as "Deloitte Global") does not provide services to clients. A wide majority (85%) of respondents believe there are ethical concerns related to the future of work, including the maintenance of privacy, control of workers’ data, and the treatment of alternative workers. Deloitte’s 2020 Global Human Capital Trends report has just been released. The “2020 Global Human Capital Trends” report explores how leaders can work to combine the power of technology and people to embed purpose, potential, and perspective into the … Although historically organizations were only responsible for workers’ safety, today nearly all respondents—96%—say that well-being is an organizational responsibility. This integration will enable lasting value and provide workers with an increased sense of belonging and well-being. Having surveyed approximately 55,000 business leaders over 10 years, this is the largest longitudinal study of its kind. This year’s report revealed that respondents believe some generational gaps will become less pronounced in the next three years (views on work/life flexibility, expectations of loyalty/job security, and expectations of advancement), while others will become more pronounced (degree of technology-savvy, agility to shift roles, expectations of social impact). Why it matters to business leaders Deloitte Study: When Resilience Can Determine Organizational Survival, Only 16% of Business Leaders Expect to Significantly Increase Investment in the Continual Reinvention of the Workforce Over the Next Three Years has been saved, Deloitte Study: When Resilience Can Determine Organizational Survival, Only 16% of Business Leaders Expect to Significantly Increase Investment in the Continual Reinvention of the Workforce Over the Next Three Years has been removed, An Article Titled Deloitte Study: When Resilience Can Determine Organizational Survival, Only 16% of Business Leaders Expect to Significantly Increase Investment in the Continual Reinvention of the Workforce Over the Next Three Years already exists in Saved items. The sixth Human Capital Trend, 'Designing work for wellbeing: Living and performing at your best', was presented virtually on 15th June. Twenty-eight percent of respondents said that feeling aligned to the organization’s purpose, mission and values, and being valued for their individual contributions, are the most impactful ways to help ensure a sense of belonging. Completed by nearly 9,000 respondents in 119 countries, Deloitte’s 10th annual Global Human Capital Trends report is the largest longitudinal survey of its kind and marks a decade of investigating and understanding how humans can continue to find meaning in work. This year’s report found that only 12% of respondents said their organizations are primarily using AI to replace workers, while 60% said their organization was using AI to assist, rather than to replace, workers. In just a few short years, the concept of the social enterprise has evolved from an intriguing new concept into a concrete business reality. Powered by Deloitte’s Human Capital practice, Capital H Blog is a forum for sharing insights on all things HR. To see additional results from Deloitte’s “2020 Global Human Capital Trends” report, download a copy. Twenty-six percent of respondents are not confident in HR’s ability to step-up and lead effectively, providing HR with the opportunity to demonstrate their strength to help organizations navigate the new normal created by the COVID-19 crisis. The 2020 Global Human Capital Trends report explores how leaders can work to combine the power of technology and people to embed purpose, potential, and perspective into the … However, only 6% of respondents strongly agree their leaders are equipped to lead a multi-generational workforce effectively. Deloitte’s 2020 Global Human Capital Trends report calls upon organizations to embrace three attributes—purpose, potential, …