Successful Companies See Their Employees as Partners

Companies that view their employees as partners and work with them to create sustainable work models that enable employees to get the best out of themselves are the ones that can succeed, according to Deloitte's Global Human Resources Trends 2023 research, the results of which were released to MTI.

The business and management consulting firm points out that the pandemic has fundamentally changed the way people think about where they work, about work and about employees, and its effects will pose new challenges for business leaders in the long term.

The research has highlighted that job-based work organization can limit firms' ability to innovate, as well as workers' development and career prospects.

According to Martin Csépai, Director of Deloitte's HR Consulting business, a shift to competency-based work organization can be a solution to this problem, enabling organizations to unlock the full potential of their workforce more effectively and giving employees better development and career opportunities.

The regional survey, which also includes data from Hungary and focuses on Central and Eastern Europe, shows that 95% of managers consider a complete rethink of work organization to be a high priority, and only 20% believe their organization is ready to meet the challenge.

Deloitte researchers found that where key organizational decisions are made with employee involvement, employees are 80% more engaged with the company and 60% more able to respond effectively to change. Organizations that tailor their recruitment and talent management strategies to a non-traditional labor market can access skills and knowledge that can accelerate business growth, innovation and agility, they wrote.

For the first time this year, employees were also surveyed. While 95% of respondents said leadership skills and effectiveness are paramount to a company's success, only 23% said their manager has the skills they need.

Deloitte has been conducting its survey for more than 11 years, and this year, it polled 105 countries and 10,000 participants – business leaders, HR professionals and employees.