2018 Global Human Capital Trends

Analysis

Global Human Capital Trends 2018

The rise of the social enterprise

A profound shift is facing business leaders worldwide: the rapid rise of the social enterprise, reflecting the growing importance of social capital in shaping an organisation’s purpose, guiding its relationships with stakeholders, and influencing its ultimate success or failure.

Now in its sixth year, the 2018 Global Human Capital Trends report is based on survey responses from more than 11,000 HR and business leaders, from 124 countries including Australia. The report shows how the world of work is changing to become more personalised and connected, with formal hierarchies breaking down and being replaced by networks of teams.

Global Human Capital Trends 2018

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Key findings:

  • Australian businesses are recognising the intensifying call to action to serve a social purpose, with 84% of Australian survey respondents citing corporate citizenship as important or very important
  • Yet despite this, as well as the high expectations from Millennials around social responsibility and the emerging link between social impact and companies’ financial performance, only 23% of Australian respondents say social responsibility is a top priority reflected in their corporate strategy
  • 90% of Australian businesses jointly ranked a connected workplace and C-suite collaboration as their top priorities. Yet only 38% and 43% respectively indicated a readiness to tackle these challenges
  • Australian leaders view digital communications tools as a key facilitator of team connectedness, with 80% of respondents predicting an increase in the use of work-based social media platforms (compared to 67% of global respondents) and 68% predicting an increase in the use of instant messages
  • While 75% of Australian companies see AI, robotics, and automation as important, only 23% feel ready to navigate associated changes.

Explore the detailed findings of the 2018 Global Human Capital Trends on Deloitte Insights.

Podcast perspectives - Julie Harrison on Global Human Capital Trends for Energy & Resources

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    Global Human Capital Trends 2017

    A number of converging issues are driving the need to "rewrite the rules." Technology is advancing at an unprecedented rate. Individuals are relatively quick to adapt to ongoing innovations, but organisations move at a slower pace. Many still retain industrial age structure and practices that are long outdated. Even slower moving are public policy issues, such as income inequality, unemployment, immigration, and trade.

    It's these gaps among technology, individuals, businesses, and public policy that are creating a unique opportunity for HR to help leaders and organisations adapt to technology, help people adapt to new models of work and careers, and help the company as a whole adapt to and encourage positive changes in society, regulation, and public policy.

    Global Human Capital Trends 2017
    Global Human Capital Trends 2016

    Is your organisation ready?

    Sweeping global forces are reshaping the workplace, the workforce, and work itself. After years of struggling to drive employee engagement and retention, improve leadership, and build a meaningful culture, executives see a need to redesign the organisation.

    Four powerful forces - from demographic upheavals and the rise of digital technology to rapid business-model innovation, and socially driven evolution in the employer-employee relationship - are driving change for both HR functions and the organisations they serve, creating talent challenges and potential solutions radically different from those faced by previous generations of leaders.

    Global Human Capital Trends 2016
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