Every year, we try to analyse global macro-level social and economic trends to make predictions about the future of work. At the beginning of 2020, we shared our 2020 MegaTrends with our customers and the broader HR community. We hoped to identify big topics that every HR leader has to have in mind to prepare their organisations for the years to come. Now 6 months later, we are faced with a massive public health crisis that no one saw coming. We are living through a global pandemic that has changed the way we work overnight.
Like you, we’ve been closely monitoring the latest news about the COVID-19 (coronavirus). As cases continue to increase both nationally and globally, we are working to ensure the safety of our people and our community, as well as the ongoing support of our customers. New updates are happening on a day-by-day—and sometimes minute-by-minute—basis, and we will continue to adapt our policies and best practices as needed.
The advent of the Fourth Industrial Revolution (4IR) presents both significant challenges and opportunities for the HR function. Organisations are at various stages of the digital transformation timeline. For some sectors, wholesale digital disruption is already a reality and digital transformation demands a reinvention of their offering to customers.
An organisational transformation can be quite complicated and take many years to accomplish. Finding the right balance of change effectiveness and impact is tricky but essential to successful transformations. The first question many organisations ask is, “where do we start?”
If you haven’t seen it, Jonathan Benhamou, CEO and co-founder of PeopleDoc wrote a great post about New Year’s resolutions. You can check it out here. While I was reading the post, it reminded me of goal setting.
According to Equifax Workforce Solutions, 40 percent of employees who leave their jobs do so within the first six months. This can cost organizations thousands of dollars. Once an organization has spent a lot of time and money hiring an employee, the last thing they want is for the employee to leave.