The HR challenges in business transformation in Luxembourg
The HR function in Luxembourg: a key element for business success
Where are Human Resources headed in this increasingly digitised world? What matters most for companies in Luxembourg? Are they ready to get their human capital management to the next level? This survey is a great opportunity to get an overview of the Luxembourg collection of HR practices and analyse their specific challenges, whether related to talent management or the organisation as a whole. It also enables us to better understand how the HR function aligns with the company strategy, especially in the context of digital transformation.
Background and main objectives
In total, over 30 companies, representative for the Luxembourg economy, have participated in the HR Barometer.
Our sample covers several industries, with the financial services sector particularly well represented.
Talent management in Luxembourg is oriented towards employee development, but still underpinned by workforce management and payroll. The HR function acts as a change operator, bringing greater efficiency and influencing companies’ strategies.
In 2016, business actors have realised how important is to measure their employees' engagement. Our survey results show that the solution to improve employees’ commitment is more related to individual values than collective ones.
Performance management is generally perceived as challenging. The development of managerial and behavioural skills, though considered difficult, are the priority for companies in Luxembourg.
The HR function has more than ever the opportunity to assert its role of enabler of cultural, organisational and technological change.
New challenges, new reflexes: as the digital agenda and the digital strategy of organisations are increasingly at the heart of debates and business concerns, the HR function has a great opportunity to reposition itself as a guide and accelerator of transformation.
