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Randstad-Sourceright-harnessing-technology-to-accelerate-talent-strategies-white-paper-180731

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Many market observers see developments in human capital technologies mirroring trends in the consumer world. The increasing use of social and professional networks to stay connected, the greater adoption of digital workflows and the growing comfort with technology to fulfill a wide variety of needs are dictating functionality. For some organizations, the rapid pace of change has been challenging. In fact, 53% of human capital leaders tell us digital transformation is moving too fast and they are having trouble keeping up with it. "53% of human capital leaders say digital transformation is moving too fast and they have trouble keeping up." Ilonka Jankovich, venture partner with the Randstad Innovation Fund, which has invested in a number of human capital technology startups, says companies should be ready to budget more for critical skills in demand: "Consumer and business technology is transforming the labor market so quickly that employers face tremendous pressure to adapt to today's digital transformation. To keep up, they will have to continually invest in digital skills to support the innovations they bring into the organization." Most employers who participated in the 2017 Talent Trends survey agree that digital resources are an enabler for their organization — and not just to improve internal processes, but also business growth. In fact, three-quarters say having more of these kinds of resources will lead to greater opportunities for their organizations. perceptions about digital transformation based on job role Source: Talent Trends Quarterly Q3 2017 Report – technology & the new frontier of talent All C-suite HR Procurement 73% 71% 76% 76% digital resources enable expanded reach and open up opportunities 52% 50% 53% 60% digitalization of HR has transformed or made a positive difference on our business 53% 54% 58% 40% digital transformation is moving too fast and we are not keeping up with these shifts 4

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