Business performance is powered by the effective use of capital: financial capital, technological capital and human capital. In a world in which businesses must compete in an ever-wider arena while doing more with less, human capital is emerging as the most challenging to secure, the most elusive to quantify and the most critical to success.
Events of the past few years have brought sweeping changes. New challenges for business, HR and talent are becoming clear. At the top of the list? Globalisation, innovation, an aging workforce, Gen Y, evolving technology, intense regulatory environments and the reality of distributed work in the cloud. The implications of these changes are profound. Talent, leadership, world class HR services and business driven HR are all fundamental areas for the forward-thinking organisation.
Leaders who understand the interconnections of these fundamental areas will likely be in the best position to meet the business needs in the decade ahead. Those needs will be shaped by global growth, innovation, and risk management. Emerging markets are becoming the world’s leading growth markets – for customers and talent alike – and many organisations aren’t prepared for the workforce challenges of this new world. Do you know what trends are shaping Human Capital today?
Practices of managing people by gut instinct and tribal wisdom aren’t going to cut it in the global talent marketplace. Welcome to HR 2020.