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Wonder which kind of investments to make in 2015? Accounting for the workforce trends in 2015, Weekdone (https://weekdone.com) has compiled 3 workplace investments that will pay off. Learn more: https://weekdone.com
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3 3 Workplace Investments That Will Pay Of in 2015
1. Investment in development plans to make leaders VUCA-capable Volatility Anticipating and reacting to the speed of change. V Ambiguity Maintaining efectiveness despite constant surprises Uncertainty Acting decisively without always having clear direction. A U VUCA V C Complexity Navigating through chaos, and confusion.
25% leaders not capable of VUCA 32% U 40% V 18% very capable 36% C 31% A
VUCA-capable leaders are top 20% in revenue $ 3.5x 3x more likely to be promoted more likely to be in Organizations with highly rated leadership development programs are 8.8x 7.4x engaged leaders ? QUALITYGUARANTEED more likely to have quality leadership more likely to have
What to do? Focus on developing these skills: managing and introducing change building consensus and commitment inspiring others toward a challenging future vision leading across generations
2. Investment in big data to get insights into employees In 2015 managers will increasingly interpret data relating to employee retention & performance, and use it for decision-making. 010000100110010100100000011100110111010101110010011001 010010000001110100011011110010000001100100011100100110 100101101110011010110010000001111001011011110111010101 110010001000000100111101110110011000010110110001110100 01101001011011100110010100101110 90% of all data created in last 2 years performance companies accessing HR data 28% 18% managers at high managers at low performance companies accessing HR data $
90% 28% 18% of all data created in last 2 years managers at high performance companies accessing HR data managers at low performance companies accessing HR data $ increased connectivity through new technologies and big data could result in $14.4 trillion of added value ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
$ What to do? Invest in people with deep technical and analytical expertise now. By 2018, there will be a shortage of over 140,000-190,0000 professionals with these skills. Invest in data mining technology that can provide predictive patterns into employees.
3. Investment in social technology to collaborate efciently ? ? ? ? ? ? ? ? 1 in 5 online hours is spent on social networks - increasingly via mobile devices. 72% 90% companies use social technologies report business benefit from them ? Fun fact: It took TV 13 years to reach 50 million people and internet 3 years, Facebook just 1 year and Twitter 9 months. ?? ?
$ 1 trillion could be unlocked by social technologies ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? $ 1,000,000,000,000 } 2/3 of this value creation opportunity lies in improving communications and collaboration: $345 billion from product development $230 billion from improvements in business support $500 billion from marketing, sales and after-sales ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 28 h 30% weekly spent on e-mails, searching and collaborating internally could be saved by moving to a social platform
What to do? Try these tools: * weekdone.com - to gain insights into your team and communicate with team-mates * skype.com - for video conferencing and chatting * yammer.com - to turn your company into professional facebook
Weekdone.com - employee progress reporting and internal communications tool. Always know team-members' plans and achievements. Publish objectives and see how your team is moving towards them. linkedin.com/ company/weekdone google.com/+weekdone @weekdone fb.me/weekdone Resources: Meeting Tomorrow’s Business Challenges, Global Leadership Forecast 2014|2015 [http://www.ddiworld.com/resources/library/trend-research/global-leadership-forecast-2014] McKinsey's 2012 Social Economy report IBM Big data and information management [http://www-01.ibm.com/software/data/bigdata/] CedarCrestone, HR Systems Survey [http://www.cedarcrestone.com/serv_research.php] World Economic Forum