Organizations are increasingly adopting innovative workplace strategies to attract and retain talent in a fiercely competitive market pushed by a labor shortage and the digital shift. From artificial intelligence and automation to employee engagement and hybrid work, the modern corporate world is witnessing the adoption of leading-edge technologies and people-driven policies to improve productivity and increase the bottomline. In the wake of these trends, the global organization and change management consulting market valued at $1,108.3 million in 2018 is projected to reach $1,754.90 million by 2027, growing at a CAGR of 5.27 percent.
Among the factors driving this market growth, AI is one of the primary driving factors. According to The World Economic Forum, AI and automation will create 97 million jobs by 2025. Organizations can leverage AI to enhance products, optimize internal and external operations, and help leaders make better decisions. AI also improves human resources processes by facilitating smart HRIS to integrate HR-related functions to manage dayto- day administrative tasks effectively.
To spotlight such key developments in the industry, Manage HR illustrates how companies are leveraging the latest developments in AI to enhance their overall performance. The edition also features thought leadership articles from Vivian Garces, Head of talent attraction and development at Grupo Vanti, Erik Doyle, Director of Talent and Organizational Development at Patrick Industries, and Eric Fulmer, Director of Workforce Development and Recruiting, Wiregrass Construction Company, who shed light on various trends in the organizational development industry, including key developments in HR business model implementation, cultural turnaround, and training programs.
In this edition of Manage HR, we also bring the story of some of the top organizational development services companies delivering the best outcomes for their clients. In the list, Baker Consulting particularly stands out for its coaching and consultation services that incorporate culturally responsive thinking into the modern corporate world. The list also comprises Management Insight, an organizational development firm that helps develop value-centered cultures that improve business processes, and maximize productivity and retention, while enhancing bottomline performance, and Legal Lean Sigma, the first and only organization to develop and bring to law firms and legal departments a comprehensive set of process improvement and project management certification courses, training programs, and consulting services specifically designed for the legal profession.
Through the following pages, we aim to highlight the innovative trends and latest developments in the organizational development industry. We would like to know your thoughts.