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HR Trending into the Future Dr Josephine Pryce May 2015

HR Trending into the Future Dr Josephine Pryce May 2015

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Page 1: HR Trending into the Future Dr Josephine Pryce May 2015

HR Trending into the Future

Dr Josephine PryceMay 2015

Page 2: HR Trending into the Future Dr Josephine Pryce May 2015

• The new world of work

• Trends that are shaping HR:– SHRM– ACCENTURE– Gibson, Ziskin and Bourdreau – Josh Bersin

• HR Readiness

Overview . . .Overview . . .

Page 3: HR Trending into the Future Dr Josephine Pryce May 2015

The new world of work . . .

Page 4: HR Trending into the Future Dr Josephine Pryce May 2015

• “Whether you’re ready for it or not, the new way of work is multi-generational, multi-geographical, location agnostic, and device dependent” (Holland et al., 2015, p3).

Page 5: HR Trending into the Future Dr Josephine Pryce May 2015

• “The past decade has seen a seismic shift in the employment landscape in Australia, not only in the amount and type of changes workers can expect to make during their lives but also in the type of roles people are choosing to explore…”

(Emerson, 2013, p.2)

Page 6: HR Trending into the Future Dr Josephine Pryce May 2015

Trends that are shaping HR: The findings from SHRM . . .

Page 7: HR Trending into the Future Dr Josephine Pryce May 2015

• “a mere 20 years ago, not many people would have been able to predict the sheer scale of technology’s impact on the nature of work and the culture of the workplace”.

• From this point it can be asked:

“What will the world of work look like 20 years from now?”

>>Society for Human Resource Management (SHRM)<< [http://futurehrtrends.eiu.com/report-2014/challenges-human-resource-management/]

20 years from now . . .20 years from now . . .

Page 8: HR Trending into the Future Dr Josephine Pryce May 2015

• In 2013, SHRM sponsored research conducted by the Economist Intelligence Unit (EIU).

• The Economist Intelligence Unit ran a survey that involved 636 middle and senior executives and the report presented the HR challenges that emerged from the findings.

• These included . . .

The ResearchThe Research

Page 9: HR Trending into the Future Dr Josephine Pryce May 2015

The Findings – Challenges facing OrganisationsThe Findings – Challenges facing Organisations

Page 10: HR Trending into the Future Dr Josephine Pryce May 2015

• THE NATURE OF THE WORKER

1. Adapting to a rapidly changing worker profile

2. Understanding the subtleties of workers’ qualifications

3. Retaining and engaging a changing workforce• THE NATURE OF THE WORK

4. Aligning technology best practices to global management strategy

5. Managing the risks of a global operation• CONFLICTING EXPECTATIONS OF WORKERS AND

THE WORKPLACE

6. Hiring and retaining talent while lowering labour costs

7. Winning the war for talent

The Findings – HR ChallengesThe Findings – HR Challenges

Page 11: HR Trending into the Future Dr Josephine Pryce May 2015

Some key findings . . .

Page 12: HR Trending into the Future Dr Josephine Pryce May 2015

2. Understanding the subtleties of workers’ qualifications

Page 13: HR Trending into the Future Dr Josephine Pryce May 2015

2. Understanding the subtleties of workers’ qualifications

Page 14: HR Trending into the Future Dr Josephine Pryce May 2015

2. Understanding the subtleties of workers’ qualifications

Page 15: HR Trending into the Future Dr Josephine Pryce May 2015

3. Retaining and engaging a changing workforce

Page 16: HR Trending into the Future Dr Josephine Pryce May 2015

3. Retaining and engaging a changing workforce

Page 17: HR Trending into the Future Dr Josephine Pryce May 2015

3. Retaining and engaging a changing workforce

Page 18: HR Trending into the Future Dr Josephine Pryce May 2015

4. Aligning technology best practices

to global management strategy

Page 19: HR Trending into the Future Dr Josephine Pryce May 2015

5. Managing the risks of a global operation

Page 20: HR Trending into the Future Dr Josephine Pryce May 2015

Another SHRM report . . .

Page 21: HR Trending into the Future Dr Josephine Pryce May 2015

Over the next 10 years, what do you think will be the three biggest challenges facing HR executives at your organization?

Note: Percentages do not total 100% due to multiple response options. Respondents who answered “don’t know” were excluded from this analysis.

Page 22: HR Trending into the Future Dr Josephine Pryce May 2015

Over the next 10 years, what do you think will be the biggest investment challenge facing organizations?

http://www.shrm.org/research/surveyfindings/articles/pages/challengesfacinghroverthenext10years.aspx

Page 23: HR Trending into the Future Dr Josephine Pryce May 2015

Over the next 10 years, which of the following tactics do you believe will be most effective in attracting, retaining and rewarding the best employees in your organization?

Challenges Facing HR Over the Next 10 Years ©SHRM 2012 23

Note: Percentages do not total 100% due to multiple response options. An asterisk (*) indicates option was not included on 2010 survey.

Page 24: HR Trending into the Future Dr Josephine Pryce May 2015

Ten years from now, which of the following competencies do you see being most critical for the HR professional?

Challenges Facing HR Over the Next 10 Years ©SHRM 2012 24

Note: n = 472. Percentages do not total 100% due to multiple response options.

Page 25: HR Trending into the Future Dr Josephine Pryce May 2015

• What bodies of knowledge do HR professionals rate as being the most important in 10 years?

– The four bodies of knowledge that were rated as most important were:

• strategic business management

• talent management

• change management

• workforce planning and employment[see over]

Challenges Facing HR Over the Next 10 Years ©SHRM 2012 25

Key FindingsKey Findings

http://www.shrm.org/research/surveyfindings/articles/pages/challengesfacinghroverthenext10years.aspx

Page 26: HR Trending into the Future Dr Josephine Pryce May 2015

Rate the importance of these bodies of knowledge for HR professionals 10 years from now.

Note: n = 446. Respondents rated each body of knowledge on a scale from 0 (not important) to 10 (very important).

Body of Knowledge Average Rating (0 to 10)

Strategic Business Management 8.8

Talent Management 8.6

Change Management 8.5

Workforce Planning and Employment 8.5

Compensation and Benefits 8.3

Human Resource Development 8.2

Employee and Labor Relations 8.1

HR Technology 8.0

Risk Management 7.7

Global and International Human Resources 6.9

http://www.shrm.org/research/surveyfindings/articles/pages/challengesfacinghroverthenext10years.aspx

Page 27: HR Trending into the Future Dr Josephine Pryce May 2015

Further trends that are shaping HR: Insights from ACCENTURE

Page 28: HR Trending into the Future Dr Josephine Pryce May 2015

1. Digital radically disrupts HR

2. Reconfiguring the global talent landscape

3. Tapping skills anywhere, anytime

4. Managing peoples as a workforce of one

5. The rise of the extended workforce

6. Shattering the boundaries of HR

7. Talent management meets the science of human behaviour

8. HR drives the agile organisation

9. HR must navigate risk and privacy in a more complex world

10.Social drives the democratization of work

http://www.accenture.com/SiteCollectionDocuments/PDF/Accenture-Future-of-HR-Overview.pdf

http://www.accenture.com/us-en/Pages/insight-future-of-hr.aspx

Page 29: HR Trending into the Future Dr Josephine Pryce May 2015

1. Digital Radically Disrupts HRDigital technology, including social, gamification, cloud, mobile, big data and consumer applications, is transforming how people carry out their work—and how HR supports them in that effort.

http://www.accenture.com/us-en/Pages/insight-future-of-hr-trends-digital-radically-disrupts-hr.aspx

Page 30: HR Trending into the Future Dr Josephine Pryce May 2015

2. Reconfiguring the Global Talent LandscapeHR will transform to adapt to a more global world, including adopting new talent sourcing strategies to match talent with task all over the globe, and adopting new management methods, such as supporting mobile workforces across geographic barriers.

http://www.accenture.com/us-en/Pages/insight-future-of-hr-trends-reconfiguring-global-talent-landscape.aspx

Page 31: HR Trending into the Future Dr Josephine Pryce May 2015

3. Tapping Skills Anywhere, AnytimeSkills gaps are widening, and HR will be increasingly hard pressed to ensure their organizations have the right talent. To do this, HR will need to quickly tap skills when they’re needed—and where.

http://www.accenture.com/us-en/Pages/insight-future-of-hr-trends-reshaping-skills.aspx

Page 32: HR Trending into the Future Dr Josephine Pryce May 2015

4. Managing Your People as a Workforce of OneCustomization is poised to revolutionize the way organizations manage their people. They will no longer treat their workforce as a single entity but instead, treat each employee as a “workforce of one,” offering customized HR and talent management solutions..

http://www.accenture.com/us-en/Pages/insight-future-of-hr-trends-reshaping-workforce-one.aspx

Page 33: HR Trending into the Future Dr Josephine Pryce May 2015

5. The Rise of the Extended WorkforceOrganizations will leverage the new

extended workforce: a global network of outside contractors, outsourcing partners, vendors, and other nontraditional employees. HR will redefine its mission and mandate to maximize the extended workforce’s strategic value.

http://www.accenture.com/us-en/Pages/insight-future-of-hr-rise-extended-workforce.aspx

Page 34: HR Trending into the Future Dr Josephine Pryce May 2015

6. Shattering the Boundaries of HRHR will evolve from being a clearly defined, stand-alone function that administers HR and talent management processes to one that spans disciplines and crosses boundaries to deliver cross-functional, seamless employee experiences.

http://www.accenture.com/us-en/Pages/insight-shattering-boundaries-hr.aspx

Page 35: HR Trending into the Future Dr Josephine Pryce May 2015

7. Talent Management Meets the Science of Human Behavior

As new insights into brain science and human behavior emerge – and as analytics finally enable organizations to test hypotheses and form conclusions by analyzing a newly available treasure trove of data – HR will arm itself with the tools and insights of a scientist to drive better performance from their workforces.

http://www.accenture.com/us-en/Pages/insight-future-of-hr-trends-science-human-behavior.aspx

Page 36: HR Trending into the Future Dr Josephine Pryce May 2015

8. HR Drives the Agile OrganizationIn a pervasively unpredictable world, organizations that can adapt to changing business conditions will outperform the competition. HR will reshape itself so that the function becomes the critical driver of agility.

http://www.accenture.com/us-en/Pages/insight-future-of-hr-trends-agile-organization.aspx

Page 37: HR Trending into the Future Dr Josephine Pryce May 2015

9. HR Must Navigate Risk and Privacy in a More Complex WorldHR will adopt risk management strategies covering everything from protecting confidential information and data, to risks associated with weak hiring or turnover of talent.

http://www.accenture.com/us-en/Pages/insight-future-of-hr.aspx

Page 38: HR Trending into the Future Dr Josephine Pryce May 2015

10. Social Drives the Democratization of WorkInstead of relying on solutions dictated from the top of the organization, organizations will be populated with knowledge workers who harness social media to create solutions in conjunction with each other, thereby radically disrupting organizational structures, hierarchy, and job titles.

http://www.accenture.com/us-en/Pages/insight-future-of-hr.aspx

Page 39: HR Trending into the Future Dr Josephine Pryce May 2015

• As the popularity of video and online gaming has increased exponentially in recent years, companies keen to attract, engage, incentivize, and retain today’s generation of workers have begun to take games and gaming concepts very seriously indeed. 

• These concepts have now begun to work their way into key human resource (HR) functions in two distinct forms:

– "Serious games"—a game whose main purpose is something beyond entertainment—education, advertising or behavior shaping, for instance.

– "Gamification"—the use of game mechanics and/or game design principles in contexts other than games.

• Manish Mehta and Alex Kass of Accenture Technology Labs take a closer look at this growing area.

GamificationGamification

http://www.accenture.com/us-en/Pages/insight-changing-human-resources-games-gamification.aspx

Page 40: HR Trending into the Future Dr Josephine Pryce May 2015

• In Workforce of One, Susan Cantrell and David Smith show how exceptional companies are tailoring work experiences to employees' talents and interests by customizing job duties, training, recognition, and even compensation, work schedules, and performance appraisals.

• Their reward? - - - Lower turnover, greater productivity, improved profit margins.

Workforce of One

https://books.google.com.au/books?id=HZAUbNaPvdcC&dq=Workforce+of+One:+Revolutionizing+Talent+Management+through+Customization&source=gbs_navlinks_s

Page 41: HR Trending into the Future Dr Josephine Pryce May 2015

• In Workforce of One, Susan Cantrell and David Smith show how exceptional companies are tailoring work experiences to employees' talents and interests by customizing job duties, training, recognition, and even compensation, work schedules, and performance appraisals.

• Their reward? - - - Lower turnover, greater productivity, improved profit margins.

Workforce of One

https://books.google.com.au/books?id=HZAUbNaPvdcC&dq=Workforce+of+One:+Revolutionizing+Talent+Management+through+Customization&source=gbs_navlinks_s

Page 42: HR Trending into the Future Dr Josephine Pryce May 2015

Further trends that are shaping HR: From the writings of Carrie Gibson, Ian Ziskin, and John Boudreau . . .

Page 43: HR Trending into the Future Dr Josephine Pryce May 2015

Andrea del Sarto

• “Andrea del Sarto” • by Robert Browning

• Andrea del Sarto • (1486–1530) • an Italian painter • from Florence

Gibson, Ziskin and Bourdreau • “the demands of day-to-day HR may be

crowding out the focus, passion and spirit that are necessary if practitioners are to take a leading role in helping organizations capitalize on opportunities offered by emerging trends such as big data and gamification”.

Page 44: HR Trending into the Future Dr Josephine Pryce May 2015

What is the future of HR?

http://www.workforce.com/articles/20179-what-is-the-future-of-hr

Gibson, Ziskin and Bourdreau acknowledge that much of the work addressing this issue has defined the future of HR in terms of competencies, workforce demographics, or professional techniques or practices.

Twenty (20) to 30 HR professionals within each company participated in the consortium.

Page 45: HR Trending into the Future Dr Josephine Pryce May 2015

What is the future of HR?

http://www.workforce.com/articles/20179-what-is-the-future-of-hr

They examined the trends of:1. globalization, 2. generational diversity, 3. sustainability, 4. social media, 5. personal technology, 6. mass customization, 7. open innovation, 8. big data 9. gamification.

. . . explained on next slide . . .

Page 46: HR Trending into the Future Dr Josephine Pryce May 2015

Table 1. Lofty Ambitions but Less-Elevated Reality

Globalization: Integrating world economies through the exchange of goods, services and capital.

Personal technology: Mobile platforms such as smartphones, laptop and tablet computers, future technology such as wrist devices and Google Glass, and the apps that support them, seamlessly and constantly connecting people and Web-based content.

Generational diversity: The presence of many different age groups among workers, citizens and consumers.

Mass customization: Combining mass production with customization for specific individual consumers or groups to meet people’s needs with the effectiveness and efficiency of mass production.

Sustainability: Meeting the needs of the present without compromising the ability of future generations to meet their needs.

Open innovation: The inflow and outflow of knowledge to increase innovation, including user innovation, innovation ecosystems, co-development, innovation contests and crowdsourcing.

Social media: Online networks and two-way communication channels that connect users in the virtual world, establishing new relationships that expand users’ networks and facilitate user participation in interactions and exchanges.

Big data: Data that are too big, too unstructured or too diverse to be stored and analyzed by conventional means, processes or tools.

 Gamification: Applying game mechanics to nongame situations to motivate and change behavior.

Page 47: HR Trending into the Future Dr Josephine Pryce May 2015

What is the future of HR?

http://www.workforce.com/articles/20179-what-is-the-future-of-hr

The prominent barriers were more traditional:

•lack of time•budget •expertise

Barriers and Opportunities to Close the Gap . . .

Page 48: HR Trending into the Future Dr Josephine Pryce May 2015

Andrea del Sarto

• “Andrea del Sarto” • by Robert Browning

• Andrea del Sarto • (1486–1530) • an Italian painter • from Florence

Browning wrote of the painter: “Ah, but a man’s reach should exceed

his grasp/Or what’s a heaven for?”

To paraphrase Browning: Does HR’s reach exceed its grasp?

Page 49: HR Trending into the Future Dr Josephine Pryce May 2015

Further insights for HR tending into the Future: Josh Bersin [Principal and Founder, Bersin by Deloitte] explains . . .

Page 50: HR Trending into the Future Dr Josephine Pryce May 2015

The New World of WorkThe New World of Work

Page 51: HR Trending into the Future Dr Josephine Pryce May 2015

• As was found from the Deloitte’s Global Human Capital Trends 2015 survey (more than 3,300 organizations from 106 countries): 10 major trends emerged from the research and these trends reflect four major themes:

1. Leading

2. Engaging

3. Reinventing

4. Reimagining

http://www2.deloitte.com/content/dam/Deloitte/at/Documents/human-capital/hc-trends-2015.pdf

Page 52: HR Trending into the Future Dr Josephine Pryce May 2015

http://jobmarketmonitor.com/2015/04/25/the-10-trends-in-the-2015-global-human-capital-trends-report/

Page 53: HR Trending into the Future Dr Josephine Pryce May 2015

HR as HR as Controller, Controller, ServerServer, , EnablerEnabler and and SupporterSupporter . . . . . .(Josh Bersin et al., 2015)(Josh Bersin et al., 2015)

http://www.slideshare.net/jbersin/hihr-asia-13

Page 54: HR Trending into the Future Dr Josephine Pryce May 2015

“driven by a new world of work, the #1 issue companies now face is employee engagement, retention, and culture, and HR's readiness to address these issues has slipped significantly in

the last year”

Josh Bersin, Principal and Founder, Bersin by Deloittehttps://www.linkedin.com/pulse/new-research-shows-employee-engagement-now-1-global-talent-bersin

The New World of WorkThe New World of Work

Page 55: HR Trending into the Future Dr Josephine Pryce May 2015

https://www.linkedin.com/pulse/new-research-shows-employee-engagement-now-1-global-talent-bersin

Josh Bersin says, As we analysed the data we realized that companies and HR teams are struggling to deal with the "New World of Work," an always-on, 24x7 environment, led by younger leaders, where employees have more power in the job market than ever before”.

Page 56: HR Trending into the Future Dr Josephine Pryce May 2015

• Mark Bertolini, the CEO of Aetna– He has revitalized Aetna's shift into the consumer

market for healthcare by increasing wages, improving employee benefits, and bringing yoga and mindfulness to the workplace

• The new model is simple:

employees come first a need to simplify

The New World of WorkThe New World of Work

Page 57: HR Trending into the Future Dr Josephine Pryce May 2015

HR’s readiness . . .

Page 58: HR Trending into the Future Dr Josephine Pryce May 2015

• One of the big findings from the research that Josh Bersin and his team conducted, is the fact that HR does not seem to be ready.

• In the research, Josh Bresin and his team computed an "importance index" and a "readiness index," with a "readiness gap" which is the difference between the two.

HR Readiness Gap

Page 59: HR Trending into the Future Dr Josephine Pryce May 2015

HR Readiness Gap

https://www.linkedin.com/pulse/new-research-shows-employee-engagement-now-1-global-talent-bersin

Page 60: HR Trending into the Future Dr Josephine Pryce May 2015

Josh Bersin, says . . .

http://hrtimesblog.com/

Page 61: HR Trending into the Future Dr Josephine Pryce May 2015

Three critical principles are at the heart of driving High-Impact HR:

1. It is about the business. Business imperatives and insights about the workforce have to guide how HR operates, not the other way around.

2. Nimble is key. When HR demonstrates agility, flexibility, and coordination, it unlocks high business performance throughout the organization.

3. Beyond the organization. Industry and social networks, organization’s customers, and the external market must be integrated within how HR operates.

High Impact HR . . .High Impact HR . . .

https://www2.deloitte.com/content/dam/Deloitte/global/Documents/HumanCapital/gx-hc-high-impact-hr-pov.pdf

Page 62: HR Trending into the Future Dr Josephine Pryce May 2015

Global HR Transformation: The Journey Continues. . .Global HR Transformation: The Journey Continues. . .

http://www.mondaq.com/x/166700/Human+Resources/The+Global+Talent+Challenge+Getting+New+People+In+New+Jobs+In+New+Places

Page 63: HR Trending into the Future Dr Josephine Pryce May 2015

Into the future . . .

https://plus.google.com/+DecodedCo/posts

Page 64: HR Trending into the Future Dr Josephine Pryce May 2015

Thank-you . . .