The rise of social enterprise* is creating seismic changes in the world of business and HR. That’s according to Deloitte’s Global Human Capital Trends 2018 report. An extension of this, is the role human capital plays in creating a true, fully-functioning and successful social enterprise.
Interested in the shift in focus from traditional metrics in business, to organisations which also serve a societal purpose, Reboot Digital Agency explored the 5 most important human capital trends in 2018. Trends which will no doubt shape organisations of the future; altering their purpose and chances for success. To achieve this, the digital marketeers delved into Deloitte’s report, which outlines data based on a global survey of more than 11,000 business and HR leaders.
Reboot Digital Agency found one of the most important human capital trends, as voted by global business and HR leaders, is the Symphonic C-Suite—with 85% of the vote.
The rise of social enterprise will create a need for organisations to be cross-functional, connected and collaborative. Leading executives will have to work together as a team while also leading their own functional teams. Step forward the concept of the Symphonic C-suite.
It’s the next stage in the ongoing evolution of leadership models.
Next, the concept of ‘People Data’ (85%.) Data is available in abundance and the advent of powerful analytics tools has generated rich opportunities for business and HR organisations. But with power comes the need to develop well-defined policies, secure safeguards and transparent measures in the use of people data.
Employees and consumers alike need to be fully aware and fully engaged in how their data is used.
‘Well-Being’ (84%) is another burgeoning factor, as the line between life and work blurs. Employees are demanding organisations offer ways to boost their mental, physical, spiritual and financial health. To meet demand, employers will invest in well-being programmes as part of their societal responsibility and talent strategy.
Similarly, 84% of business and HR leaders believe ‘From Careers to Experiences’ to be an important trend. Organisations will create a model that empowers individuals to acquire valuable experiences, explore new roles and continually reinvent themselves. Rather than enforcing the outdated model of steady career progression.
Lastly, Reboot Digital Agency found ‘Hyper-Connected Workplace’ to be a trend deemed highly important to 82% of global business and HR leaders. New communication tools will rapidly enter the workplace. Think collaborative platforms, work-based social media and instant messaging.
But, as these tools migrate from personal life to the workplace, organisations will have to ensure productivity remains; stressing the importance of team management, goal-setting and employee development and perfecting the balance necessary to become a true social enterprise.