2018: THE YEAR OF
ENTERPRISES AND CORPORATE SOCIAL RESPONSIBILITYFirst of all, the research underlines a wide awareness of citizenship as core part of an organization’s identity and mission. In fact, 77% of survey respondents cited citizenship as important or very important. According to the “Deloitte Millennial Survey 2017,” millennials’ high expectations for corporate responsibility is a strong contributor, with 76% regarding business as a force for positive social impact.
ATTENTION TO THE AGING GLOBAL WORKFORCEExtended life expectancies raise questions on how long careers will last and how aging workers will impact economies and public policy. Despite the aging global workforce and the competitive advantages older talent offers, 49%of respondents indicate their companies have done nothing to help older workers find new careers as they age, and another 15% say older workers are viewed as an impediment to rising talent. However, the aging workforce remains an untapped resource of experience and knowledge for social enterprises to use to their advantage.
BUSINESS AUTOMATION AND HUMAN CAPITAL: NEW SKILLS AND CAREER MODELSIn 2018, organizations have become laser-focused on how automation induced job shifts will impact individuals. More than 4 in 10 companies believe automation will have a major impact on jobs, and 61% are now actively redesigning jobs around AI and robotics. Against this backdrop, companies and individuals realize the traditional career model is becoming defunct. 47% of those surveyed consider building new career models and skills as very important. More than 54% have no programs in place to build the skills of the future, and only 18% feel they give employees opportunities to develop themselves.
MOTIVATING TALENTS AND IMPROVING PERFORMANCEIn addition to investing in employees’ professional development, organizations must also rethink how they invest in their employees on a personal level. 43% of those surveyed say well-being reinforces their organization’s mission, 60% say it improves employee retention, and 61% say it improves productivity and bottom-line results. However, only 3% of companies think their reward offerings are very effective at motivating talent.
LEVERAGING TECHNOLOGY FOR SUSTAINABLE GROWTHAI, Robotics, automation and people analytics: 72% say these are strategic competences to increare productivity but only 31% feel ready to deal with them.
NEW LEADERSHIP MODELSRespondents overwhelmingly point to the need for a symphonic C-suite,with 85% calling this trend important or very important. Survey results show companies where C-suite executives regularly collaborate are one-third more likely to be growing 10% more than companies whose leadership operates in siloes. Despite being necessary to advance the enterprise, 73% say their executives do not regularly collaborate.
SOFT SKILL E SOCIAL COLLABORATIONExecutives anticipate a growing requirement for complex problem-solving (63%), cognitive abilities (55%), and social skills (52%). To that end, 70% of respondents believe workers will spend more time on collaboration platforms in the future and 47% of organizations cite the productivity of the hyperconnected workforce as a very important issue.
FROM CAREERS TO EXPERIENCESIn 2018, careers are not only determined by traditional skills but also, and mostly, by experiences and learning capabilities. The non-stop transformation in labor market requires a continuous up-to-date and new approaches to training.
GET READY TO CHANGEInfiniteArea sustains new models of leadership and collaboration, based on the empowerment of soft skills, to improve competitiveness and exploit change opportunitines. Our IA Executive Program offers companies interactive and experiential training courses in order to:
- take more conscious decisions using creative thinking and team work with Design Thinking.
- Work more efficiently, avoiding waste and keeping your staff’s motivation always high.
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