2023 Global Human Capital Trends

Deloitte's 2023 Global human capital trends report is a game-changer for business and HR leaders in all industries. In a world where disruption and discontinuity are challenging traditional work models, this report presents new fundamentals for navigating a boundaryless world. It's a must-read for anyone who wants to shape the future of work and make work better for humans and humans better at work™.

Priorities for Human Capital Leaders in Luxembourg

1. Critical aspect for organizations: Leadership capabilities

Respondents identify leadership capabilities as the most important aspect for the organizations to thrive.

Organizations in Luxembourg are not immune to the global trends shaping the future of work. They are navigating these changing waters and focusing on key aspects to ensure their success. Leadership capabilities are seen as the most critical aspect for organizations to thrive in the dynamic business environment of Luxembourg.

According to François Bade, Human Capital Partner, "Leaders need to possess the necessary skills, mindset, and adaptability to drive organizations forward." With 94% of respondents in Luxembourg considering it a major priority for their leaders to effectively navigate this new disrupted world, organizations are looking for leaders who can find the right balance between the business requirements and workers' expectations. 

2. Strive to stay ahead in an evolving skills landscape

Organizations strive to stay ahead and ensure their workforce is equipped with the right competencies in the next 2 years. 

Another area of focus that differentiates Luxembourg organizations from their worldwide peers is the anticipation of skills as a priority in the next two years. Organizations in Luxembourg strive to stay ahead in the evolving skills landscape and ensure their workforce is equipped with the right competencies. With 96% of respondents believing that worker skills should be matched with the organization's priorities instead of a classic job description, the trends represents a shift in the workforce ecosystem. In fact, 80% of respondents in Luxembourg are no longer using job descriptions but are orienting their research through an ideal worker description. Workers are now expected to grow with the organization and not just with their role or set of responsibilities.

3. Change management and upcoming transformations

To value worker input and tap into influential workers to facilitate change and transformation is vital for Luxembourgish organizations to stay competitive. 

This shift also brings the spotlight to change management and upcoming transformations in Luxembourg organizations, with a link to worker agency. As organizations navigate changes in the business landscape, they must value worker input, especially when they are implementing new designs or facing critical changes. It's a challenge that organizations in Luxembourg are meeting well, with over 33% of respondents stating that they have tapped into influential workers to facilitate change. However, there is room for improvement, as organizations have not involved their workers in reimagining the changes. Adapting to these trends is vital for organizations in Luxembourg to remain competitive and thrive in the ever-changing world of work.

Deloitte’s 2023 Human Capital Trends

The future of work is about co-creation with workers, and Deloitte's 2023 Global Human Capital Trends report provides valuable insights and guidance for organizations to embrace these changes and lead the way into the future. Don't miss out on this opportunity to drive meaningful change in your organization. Get your hands on the report now and be a part of shaping the future of work!