Global Human Capital Trends Essay

45465 Words Mar 23rd, 2015 182 Pages
Global Human Capital Trends 2014
Engaging the 21st-century workforce

A report by Deloitte Consulting LLP and Bersin by Deloitte

Contents
Introduction | 2 | 7 Global Human Capital Trends 2014 survey: Top 10 findings Lead and develop Leaders at all levels | 25 | 35 | | 45 55

Corporate learning redefined

Performance management is broken The quest for workforce capability Attract and engage Talent acquisition revisited Beyond retention | 75 | | 87 97 | 65

From diversity to inclusion The overwhelmed employee Transform and reinvent The reskilled HR team |

107 | 117

Talent analytics in practice Race to the cloud | 127

The global and local HR function Editors | 145 | 146 |

|

137

Acknowledgements

Global Human
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The world is much more global and interdependent
Globalization is a key theme in our research. In 2013, the developing countries contributed 50 percent of the world’s GDP.1 This is expected to grow to 55 percent by 2018, a significant increase in business opportunity centering on these newer economies.2 And these countries now have a large buying segment: The global middle class is expected to increase from 1.8 billion in 2009 to 3.2 billion in 2020, with Asia’s middle class tripling in size to 1.7 billion by 2020.3 Trends in leadership, talent acquisition, capability development, analytics, and HR transformation are all impacted by globalization. Companies that learn to leverage global talent markets while localizing their HR strategies will be poised for strong performance.

Awakening to a new world: After the Great Recession
Future observers may look back at 2014 as a turning point: the time when the global recession ended and businesses put plans in place for a new wave of growth. But as this growth begins, companies are finding that
2

Mobile, social, and cloud computing continue to explode
Technology has transformed the workplace. At the start of 2008, there were only 3 million Apple iPhone® mobile devices in the world.4 At the end of 2013, according to a Gartner estimate, there were 1 billion smartphones and more than 420 million iPhone mobile devices

Introduction

Critical new skills are scarce—and their uneven

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