Global Human Capital Trends 2018
Introducing 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 organization’s purpose, guiding its relationships with stakeholders, and influencing its ultimate success or failure.
All eyes are on business and its leaders to fill society’s leadership vacuum and drive solutions to today’s seismic challenges. Read more in the latest Deloitte Global Human Capital Trends Report!
Most compelling statistics by theme:
- A striking 73% said their C-suite leaders rarely, if ever, work together on projects and strategic initiatives.
- Despite being the number one human capital issue in 2018, over half (51%) of respondents say their companies are not ready, or only somewhat ready, for the level of collaboration needed.
Filling Society’s Leadership Vacuum
- Only 18% of respondents say corporate citizenship is a top priority in corporate strategy.
- Despite the anticipated growth of the alternative workforce, only 16% of respondents have an established set of policies to manage this variety of worker types.
The Power of the Individual
- Despite traditional career models becoming defunct in the new world of work, our report found that more than half of the business leaders surveyed (54%) have no programs in place to build the skills of the future.
- Employees are demanding more personalized rewards, but 91% of companies only conduct reviews once a year, and only three percent of respondents believe their rewards programs are very effective at motivating talent.
Leveraging Technology for Sustainable Growth
- While 72% of companies see AI, robotics, and automation as important, only 31% feel ready to navigate changes—doubling the gap since 2017.
- As technology proliferates, executives are placing a higher premium on essential human skills such as complex problem solving (63%), cognitive abilities (55%), and social skills (52%)—but 49% of our respondents say they do not have a plan to cultivate them.