Every year, Deloitte conducts an extensive study on the emerging and prevailing trends in human capital and the future of work. Each year, the post we write on our HR blog about that report is always one of the most popular. In 2020, the Human Capital Trends Report highlights an intensifying combination of economic, social, and political issues impacting HR and business leaders. These factors continue to put pressure on businesses to operate in a more socially oriented manner (a continuation of 2019's trend, which we covered in a previous HR blog post), and to reinvent their organisations around a more ethical and human focus. Let's take a look at the highlights of this year's report and discover the HR metrics that matter in 2020 and beyond.

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At this time of year, we publish our annual round up of the HR trends for the year ahead. The reality is that it is becoming more and more difficult to accurately predict future HR trends because of the transformation taking place in the HR industry (and indeed, across all industries). However, there are a few annual reports that provide well researched, robust forecasts about the possible future direction of HR. One of those reports is Deloitte's annual Human Capital Trends report. Their 2017 report outlines the opinions and perspectives of over 10,000 HR and business leaders across 140 countries, so it offers an HR best practice perspective. Let's look at the most prevalent trends that emerged from Deloitte's 2017 report.

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According to Bersin, providing Employees the opportunity for learning and development in the workplace has become a paramount attractor in the job market, particularly given the number of Millennials in the workforce and their focus on just that. It has been posited that today's youth will potentially have 70+ year careers, and they understand that their ability to grow, learn and progress is perhaps the most important driver of their future earnings potential and job satisfaction. Companies that focus their culture on career growth and learning, outperform their peers in innovation, long term growth, and employee retention.

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At this time of year, there are a lot of articles floating around which profess to know the top trends for HR during the coming year. Sometimes these articles are valid (and backed up by a significant amount of data), and sometimes there is a lot of crystal ball gazing going on. Ultimately, it is becoming more and more difficult to accurately predict future HR trends, however, there are a few annual reports that warrant investigation. One of those reports is Deloitte's annual Human Capital Trends report. The 2016 offering outlines the opinions and perspectives of 7,000 HR and business leaders. That's a significant amount of data gathered from a global cohort, so it is worthwhile taking a look at the picture those 7,000 respondents painted about the likely short and long-term future of business from the HR perspective.

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As the financial year draws to a close in Australia, it’s a good time to pause and reflect on the first 6 months of 2015, and look ahead for the second half of the year and beyond. In Deloitte’s Global Human Capital Trends 2015 report, they highlight several HR trends in addition to the ones we mentioned in our Blog posts earlier in the year. Looking beyond the specifics of HR automation, L&D and small to medium business HR trends, the information in Deloitte’s report points to a more global HR shift across a few key areas. The report highlights ten trends which are ‘reshaping the nature of work and the ways HR Professionals, and the organisations they work for, approach talent management’.

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