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Stage 4: AI
Recorded on October 17th '24 / 9:45 AM to 10:20 AM CEST

Human Capital Needs a New Deal

Case Study
Speaker
Chief Economist
Allianz

Recent events have questioned the resilience of companies when faced with exponential, systemic and probabilistic risks from geopolitical fragmentation to fighting climate change, to dealing with economic shocks or innovation. Members of the C-suite all have a clear role to play especially CFOs, and CIOs but CHROs are left with the most important assets and very few reflections on adapting the workforce for radical transitions. Human capital will be more costly and returns on human capital need to be factored in decisions from learning opportunities, to benefit packages, to experimentation. People are underinvested in and this should change as they are the ultimate power engines to manage transitions successfully.

  • The economic environment is changing fast and calls for a rethink of human capital and the CHRO function
  • Human capital will be more costly (learning, benefits, safeties) and companies may have to be more caring than before as the welfare state crumbles under their own weight.
  • RoHC (Return on Human Capital) will be the most important ROI for corporates and solutions need to be tested and implemented to power charge growth.