2020 Global Talent Trends – LinkedIn

 

2020 talent trends

LinkedIn’s 2020 Global Talent Trends report explores talent trends worldwide including employee experience, people analytics, internal recruiting and multigenerational workforce. Data from this report was gathered from over 7,000 HR professionals globally with recommendations from 40 interviews with specialists on actions to take on the trends.

Some significant findings from this report include:

  • Almost every surveyed human resources executive believe that the importance of employee experience is boosting. The number of employee experience positions in organizations has also increased substantially compared to 6 years ago. Two of the most important reasons why organizations decided to invest in employee experience are to retent employees more effectively and to improve the productivity of their workers. As proof, organizations which were ranked higher in employee experience recorded lower attrition and higher growth rate.
  • Although more than 60% of employees recognize the improvement in employee experience at their organization during the last five years, only approximately half of them think it’s a positive experience.
  • Employee payments and benefits were the most selected factor of employee experience that need to be fixed. Other elements include administration processes, management and technologies.
  • More than 30% of organizations take no actions on employee feedback.
  • The lack of human resources, budget and time are the top objectives to enhancing employee experience.
  • 94% is the global average percentage of talent executives who believe employee experience is critical in forming the development of HR and recruitment with the highest rate of 98% in Australia and the lowest rate in France of 83%.
  • While a majority of HR professionals agree that people analytics will become more important for their organizations in the next 5 years, half of them still require assistance to practice basic people analytics.
  • The most commonly used people analytics practices are employee performance measurement, workforce planning, skills gap identification and hiring channels evaluation. On the other hand, network analysis within an organization, candidate success prediction and competitive intelligence were rated as practices projected to be most popular in 2025, even though they are not currently commonly implemented.
  • Data analysis skill in HR has also become more important with significant rise of 242% over the past five years.

Full report here.