By Charles-Henri Dumon
We live in an era of disruption, with technological, political and economic events constantly threatening to disrupt business as usual.
To stay afloat in today’s rapidly changing business environment, organisations need to be agile and innovative in their approach to talent management.
In this quarter’s HR Global Index, we’ve compiled some of the latest trends impacting today’s new world of work:
LinkedIn continues to dominate.
With more than 500 million users globally (39 million of which are students and new graduates), LinkedIn continues to dominate as the world’s number one professional networking site.
Founded in 2002, the site still maintains a very engaged and active following, with 40% of its users logging on daily, making it a useful tool for the HR sector. But, don’t forget, almost three quarters of professionals on LinkedIn never reply to messages or connection requests, meaning other methods of sourcing are essential in the hiring process.
Watch out for video.
Long-heralded as the future of the internet, video content has taken off in recent years largely thanks to the increased popularity of smartphone and tablet devices.
Leading the video revolution is YouTube, a platform where 500 million videos are watched every day.
Video content has also proven to play a useful role in global resourcing, with sites like Fyte offering an entirely new and reliable way to source fresh talent.
Business executives are struggling to find the right talent.
As wave after wave of technological innovation continues to disrupt traditional job functions, 83% of CEOs are worried about finding the right skills to drive future growth.
To escalate the issue even further, over two thirds of 16-34 year olds are thinking of freelancing in the future.
To find the best and brightest talent on the market, organisations need to invest in an innovative and data-driven approach to recruitment and talent management.
Purpose: the hidden secret to employee engagement.
Establishing your organisational purpose (the reason why your organisation exists) and embedding it into every aspect of your business comes with a number of benefits, such as stronger customer satisfaction and loyalty, better business performance, and increased employee engagement.
According to Gallup, 90% of employees in purpose-driven organisations report feeling more engaged.
Knowledge is power.
In today’s technology-driven era, organisations with access to quality (and legally-obtained) data have a huge competitive advantage.
Many major organisations have switched on to this and are taking on board in-house data scientists to help put their data to good use – and they’re prepared to pay for it. In fact, Glassdoor voted the role of Data Scientist as the best job of 2018.
But data can also be used against us. In the Cambridge Analytica scandal that dominated news headlines this year, 87 million people were said to have had their data harvested and reportedly used to influence political campaigns such as the 2016 Brexit vote and the US Presidential Campaign 2016 – although some sources claim this number was even higher!