Editors Note: This is a guest post by Mark Purbrick from the HR Management App. His opinions are his own.
Recent whitepapers and studies are showing just how fast HR is now moving. With the increased adoption of technology and people analytics by leading organisations, the role of an HR professional has been expanded to making sure they are aware of recent studies and actively researching new technologies.
Over the last couple of months there has been ground breaking research that all HR professionals should be aware of as sometimes we still need to look in the rear vision mirror to obtain a better idea of what direction we should take in the future. Here is some of the research that caught our eye:
PwC Engagement Index
- Business impact of HR has shown improvements from the last year. Revenue/FTE increased, indicating that the workforce is becoming increasingly productive
- While employee engagement has recovered from last years’ low, engagement still remains below the 2013 levels
- Talent acquisition times are getting longer, therefore efficiency of the selection process is worsening. Alarmingly it now takes an average of 68 days (10 weeks) from date of a job requisition to the date a new hire begins work. Is it any wonder that organisations are losing the best candidates!!
Manpower Group Skills Revolution
- Most employers expect automation and the adjustment to digitisation will bring a net gain for employment
- Expect the largest increases in IT (26%), HR (20%) and Customer Facing (15%) roles
PwC Winning the Fight for Female Talent
- 20% of women have experienced gender discrimination when applying or interviewing for a job
- 61% of women look at the diversity of the leadership team when considering a potential employer
- 74% of CEOs are focused on seeking out the best talent regardless of geography or demographics
Women are under-represented at every level in the corporate pipeline
SABA State of Employee Engagement
- 58% of employees are rarely asked for feedback
- 58% of employees do not think their concerns will be addressed quickly
- 40% of organisations have employees working fulltime from home, expected to be 56% in two years
- 58% of organisations use analytics to benchmark workplace technologies
- 60% of organisations have not developed a formal, comprehensive strategy on how to deploy and benefit from workplace technology
SHRM Employee Recognition Report
- 47% of HR Professionals cited employee retention/turnover as their top workforce management challenge
- 36% of HR Professionals said recruitment is a challenge
- 34% of HR Professionals indicated culture management is a challenge
31% of HR Professionals indicated that employee engagement is a challenge
Gartner HR, Talent Management and Big Data
- Only 39% of organisations are currently using people analytic capabilities
- Organisations with higher than average adoption of HR applications have a 13% higher return on investment
- Although 75% of companies believe analytics is important, only 8% believe their organisation is strong in this area
- Nearly 25% of CEOs state that “many HR professionals lack the robust analytical skills necessary to make use of new technologies” as the biggest obstacle to using talent data in strategic decision making
Execu Search Group Hiring Outlook
- 62% of professionals are open to freelance or contract work
- 51% of professionals do not understand what they need to accomplish in order to be considered for promotion
- 46% of professionals do not think that their leadership skills are being developed
- 64% of professionals are not offered any mental health initiatives with their current employer
PwC Workforce of the Future
- 60% of respondents think “few people will have stable, long-term employment in the future”
- 65% of respondents think technology will improve their job prospects in the future
- 37% of respondents are worried about automation putting jobs at risk – up from 33% in 2014
Every area of HR and L&D is currently being impacted by new technology. Whether it be attraction, selection, on-boarding, performance management, leadership capability, employee engagement and retention, new technology is empowering HR professionals to take greater control by providing advanced people solutions that deliver organisational outcomes instead of the traditional HR solutions that are not linked to organisational outcomes.
With measurement comes accountability, and with accountability come respect.
As we have only provided some of the headline data from these research papers, I suggest that if any of the above papers interest you please access the entire document in the “Whitepapers” section of the “HR Management App”.