Press Release - The Future of HR
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Press release for launch of Fast Future foresight study on the Future of HR - commissioned by Hyland Software.
![Email title – <br />Press Release – Launch of ‘The Future of HR’ – a New Foresight Study from Fast Future<br />The Future of HR – Aligned, Connected and Responsive<br />90 percent say the journey from transactional to strategic is the biggest challenge<br />New study highlights foresight, strategic alignment, personalized services, managing complexity, innovation and flexibility as key priorities for tomorrow’s HR Function<br />London 6th October 2011. Fast Future Research today announced the launch of a new foresight study on the Future of HR in medium to large enterprises. The research was commissioned by Hyland Software, a leading specialist in transactional electronic content management (ECM) and can be downloaded here. The report entitled The Future of HR – Transformational Thinking for a New Era in Business explores the priorities, opportunities and challenges facing HR as it defines its role in tomorrow’s organization.<br />The study identifies the critical drivers of change for business and the HR function through a combination of extensive desk research, expert interviews with leading thinkers from organizations like Starbucks, Manpower and Enterprise Rent-A-Car and a global survey to. The report then goes on to define seven critical enablers of HR transformation.<br />The global survey received 226 responses from 42 countries, with 32 percent of respondents working in HR and the 68 percent working in other functions across the organisation. Key survey findings were that, over the next decade:<br />,[object Object]](https://image.slidesharecdn.com/futureofhrpressrelease-111008074605-phpapp01/85/Press-Release-The-Future-of-HR-1-320.jpg)
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Press Release - The Future of HR
- 2. Strategy - The highest ranked future strategic priority for HR was ‘Aligning HR and talent strategies with business strategy’ (73%)
- 3. Partnership -‘Becoming a strategic partner, coach and mentor and developing HR as a source of competitive advantage’ was identified as the most critical role for HR over the next decade (62%)
- 4. Flexibility – There was clear recognition of the need for HR to innovate and adapt to new ways of working with overwhelming support for the idea that ‘Over the next decade, HR will increasingly be asked to support and administer ‘work swarms' where temporary and ad hoc groups form to complete a task - with members drawn from multiple organizations.’ (81%)
- 5. Leadership - The highest ranked leadership priority for HR was developing leaders capable of ‘Managing, motivating and integrating a multi-generational workforce’ (58%), followed by the need to ‘Build management and leadership capability to manage an increasingly global and diverse workforce’ (57%).
- 6. Employees - ‘Maximizing individual talent, competence, commitment, and contribution’ was rated the top employee support priority (56%)
- 7. Social Media - There was strong agreement that ‘Over the next decade, firms will pay increasing attention to a candidate's social media ‘influence rankings' when recruiting’ (70%)
- 8. Technology - The key priority from an HR technology perspective was ‘Enabling the workforce to stay operationally and culturally connected in remote locations’ (52%)
- 10. Nurturing Talent
- 11. Coping with Uncertainty and Complexity
- 13. Enabling Self-Service and Personalization
- 14. Driving Cost Control and Efficiency