As C-suites focus on business’ evolving role in society, they find their organizations battling skill gaps, workplace shifts, and a more empowered workforce.

By Deloitte

Amid concerns about automation, the need for new skills, an aging workforce, and tightening labor markets, the make-or-break issue facing companies this year is the need for realignment among the C-suite to focus on business’ evolving role in society.

In its 2018 Global Human Capital Trends report, The Rise of the Social Enterprise, which can be viewed on its digital-first, progressive web app, Deloitte also examines the increasing expectations of the individual and the breathless pace at which technology is shaping organizations’ human capital priorities.

As society grapples with daunting demographic, technological, and social challenges, people want business leaders to ll the gap, but our research shows they have a long way to go,” said Erica Volini, principal US human capital leader at Deloitte Consulting LLP.

This year’s report is a wake-up call for organizations to look beyond their own four walls and reimagine their broader roles in society. Integrating the C-suite to build a more social enterprise will be a differentiator for businesses to attract the right talent, drive customer loyalty, and sustain long-term growth.”

With more than 11,000 HR and business leaders weighing in, this year’s Global Human Capital Trends report is the largest longitudinal survey of its kind. Respondents overwhelmingly point to the need for a symphonic C-suite—a team-based, cross-disciplinary approach to tackling complex issues—with 85% regarding this trend as important or very important.

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