The world of work is changing fast. The lines between business and the wider world are becoming blurred. Human capital is important because it is perceived to increase productivity and thus profitability. The more a company invests in its employees, the more productive and profitable it will be.
Deloitte is one of the organizations that has constantly focused it’s work and research towards a better understanding of human capital development, the needs and wants of employees across the world. When Deloitte asked CEOs to rate their most important measure of success in 2019, the top issue cited was ‘impact on society, including income inequality, diversity, and the environment.
Deloitte reports, “In last year’s Global Human Capital Trends report, we described the rise of the social enterprise – organizations whose mission combines revenue growth and profit-making with the need to respect and support its environment and stakeholder network.” As organizations look to maximize their digital platforms, talent is becoming more important than technology.