2024 Global Human Capital Trends

Human Capital Trends 2024

We’re operating in a world where work is no longer defined by jobs, the workplace is no longer a specific place, many workers are no longer traditional employees, and human resources is no longer a siloed function. These boundaries, once assumed to be the natural order of things, are falling away and traditional models of work are becoming boundaryless.

Just a year ago, we introduced many of these shifting work realities in our 2023 Global Human Capital Trends report. Since that time, things have only accelerated.

The 2024 Global Human Capital Trends Report, shaped by insights from over 14,000 respondents in 95 countries, underscores the increasing value of human capabilities like empathy and curiosity in a work landscape that is becoming more boundaryless. What are the global Human Capital trends that we see in 2024?

1. Trust vs. Transparency: Transparency is a double-edged sword that can build or erode trust. Leaders must balance transparency with discretion to maintain trust. 80.4% of respondents in the Netherlands and Belgium view trust and transparency as critical to organizational success.
2. Human Sustainability: Organizations must create value for all stakeholders to achieve true sustainability. This trend ranks second in importance locally, with 57.53% of regional respondents recognizing its significance.
3. Beyond Productivity: As work becomes more human-centered, traditional productivity metrics fall short. New workplace data can help measure human performance. In the Netherlands and Belgium, 55.85% of respondents consider this shift important.
4. Workplace Microcultures: Emphasizing smaller, team-based cultures can enhance autonomy and engagement. About 56% of local respondents acknowledge the significance of fostering microcultures.
5. Imagination Deficit: Curiosity and empathy are key to navigating a rapidly changing landscape. In the region, 54% of respondents regard addressing the imagination deficit as urgent.
6. Boundaryless HR: HR must evolve into a cross-functional discipline. Regionally, 51% recognize its importance, with 25% of organizations taking action.
7. Digital Playgrounds: Digital tools can create spaces for safe experimentation, enhancing human performance. Close to 47% of local respondents see the need for digital playgrounds.
8. Evolving Leadership: Leaders must adapt their mindsets to drive human performance and value creation. The report outlines steps for organizations to act on each trend, emphasizing governance, trust, and psychological safety.

Conclusion

The 2024 report highlights a shift towards a more human-centric approach in business, recognizing the importance of fostering trust, sustainability, agility, and innovation. While global trends set the direction, the extension for the Netherlands and Belgium provides specific insights on regional engagement with these trends, painting a picture of a workforce that is aware of the challenges and ready to embrace new ways of working for better business and human outcomes.

More information?

Read more about the Human Capital Trends on Deloitte Insights. For more information please do not hesitate to contact Robert van Barlingen via the contact details below.

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