Issue link: https://insights.randstadsourceright.com/i/766008
HUMAN INTELLIGENCE ADVANTAGE Hi ROBOTICS Ro TALENT INNOVATION TiN RESOURCING STRATEGIES Rs APPLICANT TRACKING SYSTEM AtS CUSTOMER RELATIONSHIP MANAGEMENT INTEGRATED TALENT SOLUTION ItS WORKFORCE MANAGEMENT Wm BLENDED WORKFORCE SOLUTION BwS TALENT CONSULTANCY Tc SOURCING S PREDICTIVE ANALYTICS Pa EMPLOYER VALUE PROPOSITION EvP EMPLOYER BRANDING Eb TALENT ENGAGEMENT Te CANDIDATE EXPERIENCE Ce AUTOMATION Au TECHNOLOGY TOOLKIT Tt CAREER TRANSITION SERVICES CtS FREELANCER MANAGEMENT SYSTEM FmS SUPPLIER MANAGEMENT Sm HUMAN CAPITAL Hc Q4 2016 TALENT INTELLIGENCE OUTLOOK | BUSINESS CONFIDENCE & HIRING Back to Table of Contents 5 1% 61% Growth beyond expectations Growth as expected/met our goals Did not meet expectations Hit hard times/far below expectations Grow significantly Grow slightly Remain about the same Decline slightly Decline significantly Will not meet expectations BUSINESS GROWTH AT OR AHEAD OF EXPECTATIONS OVER PAST 12 MONTHS 31% 1% 1% 22% 8% 12% 68% PREDICT GROWTH IN NEXT 12 MONTHS 56% 7% Market shifts and business growth propel the need for investment in talent innovation. A large majority of human capital leaders report business growth during the past 12 months has been at or ahead of expectations, indicating a healthy global market. More importantly, that optimism carries through into the next 12 months. Asked about their company's growth potential, 68% believe they will either grow significantly or slightly, with fewer than 10% concerned about a possible decline. When asked about how growth will occur, 83% expect their existing business to expand. They were also optimistic about participating in new ventures and markets, with about three-quarters anticipating growth. Three takeaways 1. With growth the consensus among human capital leaders, it's likely competition for talent will continue to be fierce for some skill sets, especially in the booming tech and STEM-intensive fields. 2. As companies expand into new businesses and ventures, they will also need to attract talent unfamiliar with their brand in those fields. 3. With a small minority of companies expecting business loss, downsizing doesn't appear to be a major factor for many organizations globally.