{"id":634,"date":"2019-08-05T17:14:00","date_gmt":"2019-08-05T17:14:00","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/?post_type=chapter&#038;p=634"},"modified":"2024-04-24T23:23:36","modified_gmt":"2024-04-24T23:23:36","slug":"human-capital-trends","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/chapter\/human-capital-trends\/","title":{"raw":"Human Capital Trends","rendered":"Human Capital Trends"},"content":{"raw":"<div class=\"textbox learning-objectives\">\r\n<h3>Learning Outcomes<\/h3>\r\n<ul>\r\n \t<li>Identify human capital trends and implications<\/li>\r\n<\/ul>\r\n<\/div>\r\n<img class=\"alignright wp-image-1722\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/4056\/2019\/08\/14210905\/course-1015601_1920-1024x1024.jpg\" alt=\"Four people holding up a rising graph line.\" width=\"400\" height=\"400\" \/>\r\n\r\nIn the <em>Introduction to their Reimaging Human Resources<\/em> briefing, consulting firm Deloitte notes that \u201cEnterprises are fundamentally shifting with new business models, technologies, and changing expectations of\u2014and by\u2014the workforce. Often, HR teams are left straddling the needs of the legacy organization while planning for the needs of the future. This creates unprecedented opportunity for HR to play a new and vital role in shaping the way enterprises compete, access talent, and show up in the communities where they operate.\u201d[footnote]Mazor, Arthur H., and Michael Stephan. \"<a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/human-capital\/articles\/future-of-hr.html\" target=\"_blank\" rel=\"noopener\">The Future of Enterprise Demands a New Future of HR<\/a>.\" Deloitte United States. July 08, 2019. Accessed August 06, 2019.[\/footnote]\r\n\r\nAs their <a href=\"https:\/\/youtu.be\/Mi7XjEHa8zU\">The future of enterprise demands a new future of HR<\/a> video explains: How people live and work is changing dramatically. Enterprises must adapt. And so must HR. It\u2019s time to reimagine outcomes and drive growth in the context of three futures happening now:\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">The future of enterprise<\/li>\r\n \t<li style=\"font-weight: 400;\">The future of the workforce and<\/li>\r\n \t<li style=\"font-weight: 400;\">The future of how work gets done.[footnote]Ibid.[\/footnote]<\/li>\r\n<\/ul>\r\nIn order to lead the organization into the future, HR will have to execute shifts across four dimensions: mindset, focus, lens and enablers. Here\u2019s the framework for transformation:\r\n<h2>Mindset<\/h2>\r\nShift from doing digital to being digital.\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">Embrace new traits &amp; behaviors<\/li>\r\n \t<li style=\"font-weight: 400;\">Reevaluate job design and work and strategic planning to factor in artificial intelligence, robotics and cognitive technology<\/li>\r\n<\/ul>\r\n<h2>Focus<\/h2>\r\n<img class=\"alignright wp-image-1723\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/4056\/2019\/08\/14211016\/lens-1209823_1920-1024x683.jpg\" alt=\"Photograph of a person holding up a camera lens\" width=\"400\" height=\"267\" \/>Shift from being center-driven to providing human-centered solutions.\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">Personalize the workforce<\/li>\r\n \t<li style=\"font-weight: 400;\">Drive measurable\u2014qualitative and quantitative\u2014value across the enterprise<\/li>\r\n<\/ul>\r\n<h2>Lens<\/h2>\r\nShift from compliance &amp; control to trust and empowerment.\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">Implement flexible operating models<\/li>\r\n \t<li style=\"font-weight: 400;\">Develop ecosystems that foster speed, talent and innovation<\/li>\r\n<\/ul>\r\n<h2>Enablers<\/h2>\r\nShift from integrated systems to a unified engagement platform.\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">Adopt advanced technologies<\/li>\r\n \t<li style=\"font-weight: 400;\">Don\u2019t just automate, reinvent<\/li>\r\n<\/ul>\r\n<div class=\"textbox tryit\">\r\n<h3>Practice Question<\/h3>\r\nhttps:\/\/assess.lumenlearning.com\/practice\/015c2036-a013-4c65-8408-8fa65a665162\r\n<\/div>","rendered":"<div class=\"textbox learning-objectives\">\n<h3>Learning Outcomes<\/h3>\n<ul>\n<li>Identify human capital trends and implications<\/li>\n<\/ul>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-1722\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/4056\/2019\/08\/14210905\/course-1015601_1920-1024x1024.jpg\" alt=\"Four people holding up a rising graph line.\" width=\"400\" height=\"400\" \/><\/p>\n<p>In the <em>Introduction to their Reimaging Human Resources<\/em> briefing, consulting firm Deloitte notes that \u201cEnterprises are fundamentally shifting with new business models, technologies, and changing expectations of\u2014and by\u2014the workforce. Often, HR teams are left straddling the needs of the legacy organization while planning for the needs of the future. This creates unprecedented opportunity for HR to play a new and vital role in shaping the way enterprises compete, access talent, and show up in the communities where they operate.\u201d<a class=\"footnote\" title=\"Mazor, Arthur H., and Michael Stephan. &quot;The Future of Enterprise Demands a New Future of HR.&quot; Deloitte United States. July 08, 2019. Accessed August 06, 2019.\" id=\"return-footnote-634-1\" href=\"#footnote-634-1\" aria-label=\"Footnote 1\"><sup class=\"footnote\">[1]<\/sup><\/a><\/p>\n<p>As their <a href=\"https:\/\/youtu.be\/Mi7XjEHa8zU\">The future of enterprise demands a new future of HR<\/a> video explains: How people live and work is changing dramatically. Enterprises must adapt. And so must HR. It\u2019s time to reimagine outcomes and drive growth in the context of three futures happening now:<\/p>\n<ul>\n<li style=\"font-weight: 400;\">The future of enterprise<\/li>\n<li style=\"font-weight: 400;\">The future of the workforce and<\/li>\n<li style=\"font-weight: 400;\">The future of how work gets done.<a class=\"footnote\" title=\"Ibid.\" id=\"return-footnote-634-2\" href=\"#footnote-634-2\" aria-label=\"Footnote 2\"><sup class=\"footnote\">[2]<\/sup><\/a><\/li>\n<\/ul>\n<p>In order to lead the organization into the future, HR will have to execute shifts across four dimensions: mindset, focus, lens and enablers. Here\u2019s the framework for transformation:<\/p>\n<h2>Mindset<\/h2>\n<p>Shift from doing digital to being digital.<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Embrace new traits &amp; behaviors<\/li>\n<li style=\"font-weight: 400;\">Reevaluate job design and work and strategic planning to factor in artificial intelligence, robotics and cognitive technology<\/li>\n<\/ul>\n<h2>Focus<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-1723\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/4056\/2019\/08\/14211016\/lens-1209823_1920-1024x683.jpg\" alt=\"Photograph of a person holding up a camera lens\" width=\"400\" height=\"267\" \/>Shift from being center-driven to providing human-centered solutions.<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Personalize the workforce<\/li>\n<li style=\"font-weight: 400;\">Drive measurable\u2014qualitative and quantitative\u2014value across the enterprise<\/li>\n<\/ul>\n<h2>Lens<\/h2>\n<p>Shift from compliance &amp; control to trust and empowerment.<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Implement flexible operating models<\/li>\n<li style=\"font-weight: 400;\">Develop ecosystems that foster speed, talent and innovation<\/li>\n<\/ul>\n<h2>Enablers<\/h2>\n<p>Shift from integrated systems to a unified engagement platform.<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Adopt advanced technologies<\/li>\n<li style=\"font-weight: 400;\">Don\u2019t just automate, reinvent<\/li>\n<\/ul>\n<div class=\"textbox tryit\">\n<h3>Practice Question<\/h3>\n<p>\t<iframe id=\"assessment_practice_015c2036-a013-4c65-8408-8fa65a665162\" class=\"resizable\" src=\"https:\/\/assess.lumenlearning.com\/practice\/015c2036-a013-4c65-8408-8fa65a665162?iframe_resize_id=assessment_practice_id_015c2036-a013-4c65-8408-8fa65a665162\" frameborder=\"0\" style=\"border:none;width:100%;height:100%;min-height:300px;\"><br \/>\n\t<\/iframe>\n<\/div>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-634\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Human Capital Trends. <strong>Authored by<\/strong>: Nina Burokas. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Specific attribution<\/div><ul class=\"citation-list\"><li>Upward. <strong>Authored by<\/strong>: Peggy and Marco Lachmann-Anke. <strong>Provided by<\/strong>: Pixabay. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/illustrations\/course-graphic-upward-bar-top-1015601\/\">https:\/\/pixabay.com\/illustrations\/course-graphic-upward-bar-top-1015601\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em>. <strong>License Terms<\/strong>: Pixabay License<\/li><li>Lens Camera Focus. <strong>Authored by<\/strong>: Free-Photos. <strong>Provided by<\/strong>: Pixabay. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/photos\/lens-camera-lens-focus-focusing-1209823\/\">https:\/\/pixabay.com\/photos\/lens-camera-lens-focus-focusing-1209823\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em>. <strong>License Terms<\/strong>: Pixabay License<\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section><hr class=\"before-footnotes clear\" \/><div class=\"footnotes\"><ol><li id=\"footnote-634-1\">Mazor, Arthur H., and Michael Stephan. \"<a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/human-capital\/articles\/future-of-hr.html\" target=\"_blank\" rel=\"noopener\">The Future of Enterprise Demands a New Future of HR<\/a>.\" Deloitte United States. July 08, 2019. Accessed August 06, 2019. <a href=\"#return-footnote-634-1\" class=\"return-footnote\" aria-label=\"Return to footnote 1\">&crarr;<\/a><\/li><li id=\"footnote-634-2\">Ibid. <a href=\"#return-footnote-634-2\" class=\"return-footnote\" aria-label=\"Return to footnote 2\">&crarr;<\/a><\/li><\/ol><\/div>","protected":false},"author":17,"menu_order":12,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Human Capital Trends\",\"author\":\"Nina Burokas\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc-attribution\",\"description\":\"Upward\",\"author\":\"Peggy and Marco Lachmann-Anke\",\"organization\":\"Pixabay\",\"url\":\"https:\/\/pixabay.com\/illustrations\/course-graphic-upward-bar-top-1015601\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"Pixabay License\"},{\"type\":\"cc-attribution\",\"description\":\"Lens Camera Focus\",\"author\":\"Free-Photos\",\"organization\":\"Pixabay\",\"url\":\"https:\/\/pixabay.com\/photos\/lens-camera-lens-focus-focusing-1209823\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"Pixabay License\"}]","CANDELA_OUTCOMES_GUID":"f9a97fe4-0a20-4715-adb9-631dac36ea50, fc9fed6f-1fe6-4f1f-849a-adaf5621bfc4","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-634","chapter","type-chapter","status-publish","hentry"],"part":621,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters\/634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/users\/17"}],"version-history":[{"count":15,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters\/634\/revisions"}],"predecessor-version":[{"id":3310,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters\/634\/revisions\/3310"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/parts\/621"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapters\/634\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/media?parent=634"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/pressbooks\/v2\/chapter-type?post=634"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/contributor?post=634"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-humanresourcesmgmt\/wp-json\/wp\/v2\/license?post=634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}