Deloitte have today released their fourth annual report ‘Global Human Capital Trends 2016: The new organisation, different by design’ which reveals the top trends shaping the human capital agenda.
The report shows that corporate leaders in Ireland are turning a more focused eye toward adapting their organisation’s design to succeed in today’s market place. While 97% of Irish businesses have ranked organisation structure as the top trend this year, only six in 10 businesses are ready to respond.
Furthermore, only 19% of executives surveyed in Ireland believe that their companies are ready to effectively redesign their organisation. As the focus of organisational structure moves towards a ‘network of teams’, only 32% of leaders feel expert at building cross-functional teams.
The report indicates Irish business leaders give their HR and talent programmes a C grade for overall performance, slightly above their global peers, but still indicating room for improvement. Forty three per cent of respondents believed that their programmes were good, while 29% rated them as adequate.
Findings also indicate that those planning to increase HR investment in 2016 has dropped 17% since 2015 – from 68% down to 51%, suggesting an increased requirement for HR to focus their investment on strategic HR and demonstrate return on investment.
Less than a quarter (24%) of Irish respondents feel ready to address the Digital HR issue. The gap in this area for Irish companies is considerably higher than the gap identified globally – 57% compared to 41%.
Valarie Daunt, Director, Human Capital, Consulting, Deloitte says, "It’s vital that Irish companies embrace digital change across all functions of the business – HR is no different. Its role is important in supporting business leadership to succeed in a complex and disruptive business environment; to do so effectively, however, it too must be fully prepared to embrace change."
She added, "HR’s digital transformation needs to begin with a change of mindset by prioritising connectivity, real-time operations, cloud technologies, robotics and automation, and mobile-first."
Source: www.businessworld.ie
