The Top 5 Deloitte Business Trends to Watch For in 2021
As the world recovers from the impact of the COVID-19 pandemic, businesses are looking to the future and preparing for what lies ahead. Deloitte, one of the world’s leading professional services firms, recently released their 2021 Global Human Capital Trends report, which highlights key trends in the world of work. In this article, we will delve into the top 5 Deloitte business trends to watch out for in 2021.
Trend #1: Resilience and well-being
The pandemic has highlighted the importance of resilience and well-being in the workplace. Employers have a responsibility to protect their employees’ physical, mental, and emotional health, and promote a sense of community. Deloitte’s report shows that 80% of respondents believe that well-being programs are important for employee retention, engagement, and productivity. Therefore, investing in employee well-being will be a top priority for businesses in 2021.
Trend #2: Learning in the flow of work
With the rise of remote work, the traditional methods of learning and development have been upended. Instead of separate training sessions, employees need skills and knowledge to be integrated into their workday. Deloitte’s report shows that 72% of respondents believe that integrating learning and work streams is important. Therefore, businesses will need to develop new ways to provide just-in-time training and access to information.
Trend #3: Leadership for the 21st century
The traditional top-down leadership model is no longer effective or efficient. In a rapidly changing and uncertain environment, businesses need leaders who are adaptable, empathetic, and able to lead with purpose. Deloitte’s report shows that 25% of respondents consider leadership development to be a top priority for 2021. Therefore, businesses will need to invest in developing their leaders to meet the challenges of the future.
Trend #4: Superteams
The pandemic has shown that collaboration and agility are key to success in the new normal. Superteams are teams that are diverse, distributed, and empowered to make decisions. Deloitte’s report shows that 55% of respondents believe that superteams are important for the future of work. Therefore, businesses will need to create a culture of collaboration and foster the skills needed to work effectively in teams.
Trend #5: Digital transformation
The pandemic has accelerated the adoption of digital technology. Businesses that have been slow to embrace digital transformation have been left behind. In Deloitte’s report, 55% of respondents believe that digital transformation is a top priority for 2021. Therefore, businesses will need to continue to invest in technology and upskill their workforce to stay competitive in a digital-first world.
Conclusion
In conclusion, the pandemic has brought unprecedented change to the world of work. The top 5 Deloitte business trends to watch out for in 2021 are resilience and well-being, learning in the flow of work, leadership for the 21st century, superteams, and digital transformation. Businesses that prioritize these trends will be well-positioned to navigate the challenges of the future and thrive in a rapidly changing environment.
