At Biz Group we are big fans of the Deloitte’s Global Human Capital Trends Report and we encourage clients to stay ahead of the trends that are changing the workforce through our Learning Trends Breakfast Sessions. At our latest session on the 28th of June 2018, our CEO Hazel Jackson asked attendees to guess the big HR Trends for 2018 but no one accurately guessed the top trends in the Middle East. Here is a breakdown of what tops the list:
#1 People Data
With the rise of Big Data, we now have access to a wealth of information about people and this trend is set to grow with time. Access to people data represents both a genuine opportunity and challenge for HR.
85% of respondents of the Deloitte Global Human Capital Trends Report categorised people data as either important or very important to them but 6/10 respondents also expressed concern about employees’ perception over how their personal data is being used. It is also important to note that 70% of respondents already use people data in their people decision making process.
#2 New Rewards
Even though 91% of respondents still follow conventional annual salary reviews, HR departments everywhere are starting to understand that an overhaul on performance management is not complete without an overhaul on rewards. Findings show that employees who receive small regular rewards are 8 times more engaged than those who receive compensation and bonus increases once a year. Continuous and personalized reward programs are gaining momentum in the same way that bonuses and salary increases are now getting aligned to company values and/or specific goals.
#3 Well Being
Today’s world is chaotic to say the least. People are expected to juggle their personal lives, demanding careers while putting time and effort into their development and growth. Smart phones and tablets make it difficult for people to disconnect and most often, well being is compromised in the search to have it all. With 40% of workers facing high stress in their jobs, it is crucial for companies to recognize and pre-empt problems relating to well being.
#4 The Symphonic C-Suite
During our latest Learning Trends Breakfast, 42% of attendees said that their number one issue is that they do not have a symphonic C-Suite and that leaders work in silos. Similarly, 85% of the Deloitte Global Human Capital Trends Report respondents said that C-Suite collaboration is important but 73% said that their C-Suite Leaders rarely work together and another 54% said that they are not ready to create collaboration among the C-Suite.
#5 From Careers to Experiences
There is a very important and meaningful shift in HR industry from traditional career skill development to a non-traditional path in which machines are paired with relevant skills and cross disciplinary leaders are encouraged to innovate, create and deliver services. The 21st century career is a series of developmental experiences each offering a person the opportunity to acquire new skills, perspectives and judgement. This is a major shift from traditional career paths and represent more dynamic and engaging career opportunities for the workforce of the future.
‘How does your company rank on these trends? Are you looking at the newest trends and how they will affect the workplace in the future? Let’s talk to find out how we can assist you on your learning journey.