What does it mean to be future-ready? What are the tangible changes that will take place in the workforce and workplace that HR needs to be ready for? What are the right questions to ask to help us reimagine the future of work?
Finding the answers to these questions is no easy task, but the recently published 2019 Deloitte Global Human Capital Trends report makes an earnest attempt to do so. Deloitte’s annual Global Human Capital Trends report has emerged as an authoritative source that highlights the most pertinent contemporary human capital challenges and trends. This year, surveying almost 10,000 respondents from 119 countries, the report has pointed towards the rapid growth in the role of social enterprises, their impact on the future of work and how organizations must reinvent themselves accordingly.
Rise of the social enterprise
At the onset, the report announces that today’s conventional human capital challenges, like reinventing the capability to learn, improving productivity, and leadership development are intimately linked to the growing need to reinvent organizations as social enterprises with a human focus. The report defines a social enterprise as an organization whose “mission combines revenue growth and profit-making with the need to respect and support its environment and stakeholder network”.