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Digital world of work is forcing companies to radically change org structure and talent strategies

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Digital world of work is forcing companies to radically change org structure and talent strategies

92% of business and HR leaders have identified the critical need to redesign their organization to meet global business demands.

Responding to disruptive changes in digital technology, business models and workforce demographics, 92 percent of business and HR leaders have identified the critical need to redesign their organization to meet global business demands, according to a recent annual survey by professional services firm Deloitte.

Yet, only 14% of executives believe their company is ready to effectively redesign their organization.

This is the fourth such survey undertaken by the firm. In the first three years of the study, companies placed a high priority on increasing employee engagement and retention, improving leadership, and building a meaningful culture. The 2016 study found, for the first time, nearly half of respondent companies (45%) are either in the middle of a restructuring (39%) or planning one (6%).

"Businesses need to keep pace and meet the demands of this rapidly-evolving business ecosystem," said Josh Bersin, principal, Bersin by Deloitte, Deloitte Consulting LLP. "By empowering teams, creating a new management model, and developing a younger and increasingly inclusive leadership structure, organizations are reinventing themselves to innovate, compete and thrive."

 

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