2010 is here! A new year with new opportunities for the development of strategic human capital capabilities that enable business success. For Human Capital Development (HCD) consultants to be successful in 2010, it will require a different approach than what presented itself during the current economic crisis that started in 2008.
During the economic crisis, most human capital consultants were reacting to environmental requirements to cut costs. Only companies like IBM, Cisco and HP were positioned to look strategically at human capital capabilities necessary for competitive advantage in the knowledge economy. In a world where change is constant, only the speed varies, taking a strategic approach to executing business strategy is the real opportunity in 2010.
The leadership of organizations understands the importance of people in their success. The IBM 2008 Global CEO study - The Enterprise of the Future - surveyed CEOs on external forces with the greatest impact on their organizations. People Skills tied for first with 48% of respondents and is the only factor to increase between the 2004, 2006 and 2008 surveys. However, our ability as HCD consultants to define the knowledge, skills and capabilities to execute business strategy is lacking. A 2009 survey by IBM of senior HR executives showed a 48% gap in the importance of defining knowledge, skills and capabilities versus the effectiveness of their teams to do it.
So a key opportunity in 2010 will be strategic HCD consulting. A focus on becoming strategic partners leading to trusted advisor roles that allow us to proactively recommend integrated human capital solutions.
So here's to a great 2010 for our profession.