Bersin by Deloitte, a provider of research-based membership programmes in human resources, predicts this shortage will drive an accelerated need for business agility, career development and talent mobility programmes, leadership development, and re-engagement of the workforce.
Bersin by Deloitte’s report, Predictions for 2013: Corporate Talent, Leadership and HR – Nexus of Global Forces Drives New Models for Talent, points out that while compliance and core HR programmes continue to be business-critical, they often do not add enough value in today’s global business environment. Chief HR officers (CHROs) and their teams who have found a way to automate, streamline and outsource such “non-strategic” parts of their operations and focus on more strategic initiatives will likely outperform their peers.
“Our research shows nearly every major business is challenged with shifting talent and business towards emerging markets, while grappling with talent shortages globally – all while improving the engagement, retention and development of their workforces,” said Josh Bersin, principal and founder, Bersin by Deloitte.
“In this environment, high-performing CHROs will provide a laser-like focus on high-value areas that empower and foster teamwork. For example, programs that support business agility and innovation, continuous learning, new models of leadership and management, and workforce planning and intelligence.”
Adding to this shift, the HR technology industry continues to undergo “significant changes”. Cloud-based HR systems, now available from many of the largest vendors in the market, integrate payroll, human resource management systems (HRMS), talent management and analytics processing into a single service. Global spending on these complex systems is anticipated to grow 22% to nearly $4bn in 2012-2013 – almost double the growth rate of 12% in 2011-12.
“In 2013, technology innovation is anticipated to accelerate as mobile tools and social recruiting systems make obsolete many of the HR systems in place. New tools will empower employees to find experts, share information, manage their careers and become more interlinked than ever,” the study notes.
