Themes in Deloitte’s Global Human Capital Trends between 2011 and 2023

global hc trends deloitte openai r python

Reading the latest release of Deloitte Global HC Trends made me wonder what common themes this regular series has been covering throughout its 12 years long history.

Luděk Stehlík https://www.linkedin.com/in/ludekstehlik/
06-27-2023

Aside from satisfying a simple curiosity, it was also a good opportunity to try out a nerdy combination of various cool DS tools: openAI’s embeddings for determining trends similarity, UMAP for dimensionality reduction, DBSCAN for cluster analysis, openAI’s chat completion for cluster summarization and naming, Plotly for interactive dataviz, Shiny for dashboarding, and Python and R for orchestrating it all.

The result? The analysis revealed 13 distinct themes among the 118 specific trends:

  1. Global Talent Management Strategies (23)
  2. Leadership Development and Talent Management (16)
  3. HR Transformation and Innovation (15)
  4. Human Capital and Workforce Strategies (12)
  5. Workforce Data and Analytics (10)
  6. Cognitive Technologies and Workforce (8)
  7. Employee-Centric Learning and Development (7)
  8. Performance Management and Compensation (7)
  9. Improving Employee Experience and Well-being (6)
  10. Cloud Computing and HR Transformation (4)
  11. Employee Engagement and Retention (4)
  12. Diversity in Business Strategy (3)
  13. Workplace Flexibility Strategies (3)

It’s no wonder I’ve had dejavu feelings about some trends over the years, but that’s why they are called trends, because they persist over time, right? 😉

If you would like to check the analysis output interactively and in greater detail, you can use this simple dashboard.

Citation

For attribution, please cite this work as

Stehlík (2023, June 27). Ludek's Blog About People Analytics: Themes in Deloitte's Global Human Capital Trends between 2011 and 2023. Retrieved from https://blog-about-people-analytics.netlify.app/posts/2023-06-27-deloitte-hc-trends-themes/

BibTeX citation

@misc{stehlík2023themes,
  author = {Stehlík, Luděk},
  title = {Ludek's Blog About People Analytics: Themes in Deloitte's Global Human Capital Trends between 2011 and 2023},
  url = {https://blog-about-people-analytics.netlify.app/posts/2023-06-27-deloitte-hc-trends-themes/},
  year = {2023}
}