EIU-SHRM Foundation Report Outlines Global Workforce and Work Culture Trends

Blended corporate and local cultures, diversity, and effective risk-management practices critical to engaging and integrating a global workforce

Jun 30, 2015
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Press Briefing: Beth McFarland, director of SHRM Foundation programs, will discuss the report at a press briefing at 10 a.m. PT today (June 30) via conference call. To connect to the call, contact SHRM Media Relations at Kate.Kennedy@shrm.org.

LAS VEGAS, June 30, 2015 — New research from The Economist Intelligence Unit (EIU), sponsored by the Society for Human Resource Management (SHRM) Foundation, identifies key trends affecting global workforce and work culture, along with challenges facing senior business leaders and HR management professionals.

Key findings outlined in the report, Engaging and Integrating a Global Workforce, include:

  • Global interdependencies have increased the exposure to risk.
  • Skilled workers from emerging countries will improve productivity while seeking higher wages across borders.
  • Corporate social responsibility helps manage risk while boosting the bottom line.
  • Organizations struggle to balance societal culture and individual corporate culture.
  • Cultural diversity can contribute to organization success.

Culture has a tremendous impact on employee engagement, development and cross-organizational interaction. Today’s workforce comes from diverse backgrounds, is motivated by different incentives and reacts differently to various management and communication styles. This will continue to pose challenges for business as well as HR leaders.

Some of the challenges HR managers will face include:

  • Incorporating the human capital opportunities and risks from operating abroad into corporate strategic decision-making;
  • Preparing for the future by developing a new set of globally prepared leaders;
  • Improving the ability to identify local skills and talent beyond the traditional résumé;
  • Maintaining a comprehensive understanding of local regulations and hiring laws.

The report, sponsored by Randstad, is part of a multi-phase research series including validation reports, articles, videos and infographics that identify emerging trends on workforce issues for progressive organizational leaders.

The report will be followed by an examination of solutions and related HR practices by SHRM’s Special Expertise Panels. Their work will be published later in the year by the SHRM Foundation.

The report, videos and infographics from Engaging and Integrating a Global Workforce are available free of charge at: http://futurehrtrends.eiu.com.

Media: For more information or to schedule an interview, contact:

  • SHRM Foundation: Kate Kennedy at Kate.Kennedy@shrm.org or 703-535-6260
  • The Economist Intelligence Unit: Mathew Hanratty at 44-(0)20-7576-8546 or mathewhanratty@economist.com or Eva Blaszczynski at 312-853-3831 or evablaszczynski@eiu.com

About the SHRM Foundation

The SHRM Foundation was founded in 1966 as a 501(c)(3) not-for-profit affiliate of the Society for Human Resource Management (SHRM). The SHRM Foundation advances global HR knowledge and practice by providing thought leadership and educational support, and by sponsoring, funding and driving the adoption of cutting-edge, actionable and evidence-based research. Visit www.shrm.org/Foundation and follow us on Twitter @SHRMFoundation.

About The Economist Intelligence Unit

The Economist Intelligence Unit is the world leader in global business intelligence. It is the business–to–business arm of The Economist Group, which publishes The Economist newspaper. As the world's leading provider of country intelligence, the Economist Intelligence Unit helps executives make better business decisions by providing timely, reliable and impartial analysis on worldwide market trends and business strategies. More information about the Economist Intelligence Unit can be found at www.eiu.com or follow us on www.twitter.com/theeiu.

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