Most business and HR leaders are seeking new ways to develop leaders (84%), as traditional leadership models fail to keep pace with today’s economy.
According to Deloitte Touche Tohmatsu Limited’s (DTTL) report Resetting Horizons: Human Capital Trends 2013, 82% of business leaders say boards are involving HR executives much earlier in the stategy planning process.
In addition, skill gaps and economic uncertainty are leading organisations to shift from recruitment to development. They are also continuing to prioritise areas such as talent, emerging markets and the HR organisation.
“Today’s businesses are faced with unprecedented challenges including: generating profits in markets with flat or declining growth, establishing a presence in emerging countries to creating the next wave of disruptive innovation – and everything in between," DTTL's global human capital leader Brett Walsh said. "Each of these challenges requires a unique kind of leader. One size does not fit all. Business leaders that successfully create more effective ways to retain and attract top talent as competition increases in the global work environment will reap the rewards in the bottom line.”
The top five key trends outlined in the report are: next generation leadership; accelerating organizational change; the war to develop talent; boards are changing the HR game; and transforming HR to meet new business priorities.