Human Capital

Deloitte releases the 2014 Human Capital Trends report for South Africa

Human Capital Trends 2014

We are pleased to release the 2014 Human Capital Trends report for South Africa. This report is a country-based summary and should be read in conjunction with the Deloitte Global Human Capital Trends 2014 report, which provides an extensive breakdown and interpretation of the findings of our 2014 Global Deloitte Human Capital Trends Survey.

This year, we had a record response from our clients in South Africa to the Deloitte Human Capital Trends Survey, with 266 respondents. This makes it a very valid reflection of how these trends are affecting South African businesses across the industry spectrum.

In addition, we have surveyed a number of other countries on the African continent. A survey for Africa incorporating the responses from these countries will be released later this year and will be available on our website. This will provide an ideal addition for those clients of ours who are active on the African continent and for whom people issues are top of mind.

Our Global Human Capital Trends 2014 survey is one of the largest organisation development, human-resource and talent-management surveys of its kind, with 94 countries participating this year. Against the items surveyed, it is clear that most global organisations are grappling with the same people issues and in many cases are not fully prepared to deal with these major trends that are reshaping the workforce.

In this report, which is aimed at the South African market, we highlight the five trends that we believe should be top of the agenda for executives and human resource teams in respect of finding, retaining, leading and developing their people over the next few years.

From the 12 trends identified in the Deloitte survey, three strategic focus areas or themes have emerged:

  • Lead and develop
  • Attract and engage
  • Transform and reinvent

South African respondents recognised the following top five trends in terms of the importance index:

  • Leadership (77%)
  • Retention and Engagement (71%)
  • Diversity and Inclusion (70%)
  • Workforce Capability (70%)
  • Talent Acquisition and Access (69%)

Despite these being the most urgent trends, many of the companies surveyed expressed reservations about their ability to address these issues in the short-to-medium term.

The 2014 human capital trends demand change, investment and focus if companies in South Africa want to effectively compete both as employers of choice and as competitive businesses in a human-resource-constrained market. We trust that this report, along with the 2014 Global Deloitte Human Capital Trends report, will serve as a useful guide for strategic human capital management in the coming year. Please feel free to contact us to discuss the reports in more detail. We would be delighted to assist you and your teams.

We look forward to engaging with you around the findings and to helping to unpack their implications for your human capital, HR and talent management decisions.

Click here to download Deloitte 2014 Human Capital Trends report for South Africa

If you have any questions, require more information or would like a more detailed discussion relating to the findings in the report, feel free to contact Werner Nieuwoudt (Human Capital Leader, Southern and Western Africa) at wnieuwoudt@deloitte.co.za

 

About the author

David Graham

Leave a Comment