The highly connected and global 21st-century workforce is here. And if a massive new report from Deloitte is to be believed, employers are simply not ready for the challenges that workforce will present.
The Deloitte Global Human Capital Trends 2014 report combines 15 years of research as well as a global talent management survey, incorporating the views of more than 2,500 business and HR leaders in 94 countries.
According to the report, the single biggest challenge cited by most (86%) respondents is leadership development, followed by retention and engagement (79%), and “reskilling” the HR function (77%).
The bad news: Most respondents say that their organizations aren’t prepared to address those challenges, the report said.
“As the world’s population grows, the global workforce is simultaneously getting younger, older, and more urbanized,” Josh Bersin, principal and founder of Bersin by Deloitte, said in a press release. “Millennials are reshaping the talent markets with new expectations; new technologies are changing work in countless ways; and we are more frequently competing and racing with machines for knowledge work. The findings of our global survey reveal that a majority of global organizations are not prepared to deal with these trends that are reshaping the workforce.”