News story

New research highlights the changing realities of European HR in 2017-18

Cirencester, UKLearning NewsFosway

With economic, technological and social change creating a perfect storm for organisations and employees alike, 600+ HR leaders gave us their views on the future of work. Can HR's strategies hold the key to success in these turbulent times?

HR Realities 2017-18 Infographic
HR Realities 2017-18 Infographic 

Fosway Group, Europe’s #1 HR analyst, and HR Tech World, the largest international enterprise HR show focused on the Future of Work & Technology today release new joint research into the realities of HR across the corporate landscape of Europe. The data includes responses from over 600 HR leaders and will be unveiled at HR Tech World, Amsterdam.

This research highlights HR’s changing role in tackling the challenges facing organisations today, including:

* How to become an employer of choice as the war for talent intensifies
* Dealing with diversity in an aging workforce
* Just how suited are HR processes for the Modern Workforce?
* Increasing HR budgets but decreasing HR headcount – where is the money going?
* Innovation and digital transformation – why new technologies such as AI and blockchain are far from a reality for most organisations (but could be critically important!)
* Why managers and organisational culture getting in the way of employee engagement

For the first time, the research focused on the increasingly key areas of employee engagement and wellbeing. It also shines a spotlight on the influential role of HR in defining the Employer Value Proposition. 5 out of the top 6 EVP elements are owned by HR, helping to attract, retain and develop the best talent.

David Wilson, CEO of Fosway Group said, “This research really demonstrates the strategic role HR has to play in the future success of organisations in an increasingly competitive market for skills and talent." said David Wilson, CEO of Fosway Group, "There is a great opportunity for HR to extend its influence right now. But, with a decrease in headcount and rise in HR technology spend the need to innovate and be agile is vital. Forward thinking organisations are already looking at or using new approaches including: Video based recruiting (84%), continuous employee appreciation (82%) and social recruitment (77%). But with only 12% of organisations using Artificial Intelligence currently, the rate of innovation is only going to accelerate. Those that are early adopters of technology will see the benefits."

Peter Russell, director of HR Tech World comments, “With more disruption facing organisations than ever, it is actually an exciting time for HR to help shape the shifting modern workforce and define the future of work. This research is so important as it paints a current picture of what’s really happening both in terms of technology trends and disruption, but also broader changes to how organisations function. All HR professionals will benefit from better understanding these challenges and where the opportunities for impact and influence lie in the year ahead.”  

An overview and accompanying infographic of the HR Realities 2017-18 research is now available via the Fosway website. A series of in-depth papers analysing the data will follow from next month. HR Tech World runs from 24-25 October 2017.

For organisations looking for a ‘Critical Friend’ for independent feedback and advice around HR innovation and technology projects in 2018 and beyond, the newly launched Fosway Corporate Connect service is now helping individuals, teams and enterprises to accelerate and de-risk their strategies and decision-making. Details of this new programme are now live on the Fosway website.

About HR Tech World

Founded in 2011, HR Tech World has earned the reputation of producing the fastest growing HR shows in the world. Its event portfolio has shifted the industry on a global scale and ranked it as the largest Corporate HR Network focused on the Future of Work & HR Technology. HR Tech World shows attract the most influential international thought leaders in the space, including the likes of Sir Richard Branson, Arianna Huffington and Gary Vaynerchuk.

HR Tech World is having a powerful impact on shaping the Future of Work by unleashing people's potential and revolutionizing organizational culture, blazing the trail for others to follow. Show locations include London, Amsterdam, Las Vegas, San Francisco and Paris and welcomed over 9000 attendees from 120 countries in 2017.