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Four Facts on Digital Transformation for SMEs

by Charlotte Emerson

Any discussion surrounding digital transformation and technology frequently leaves worry and concern amongst employees due to the possibilities of jobs being lost or no longer being required.

However, a global survey of over 3,100 business decision makers has revealed that a lack of workforce skills is a prime concern during a companies digital transformation.

“Almost half (47%) of HR executives from small to midsize companies expect talent management in their organisations to be changed by digitalisation in the next two years.”

An increased use and implementation of digital technology presents impressive new growth opportunities for businesses. However, to succeed, you must have a workforce of modern and skilled employees to ensure a perfect strategy is enforced alongside the ever evolving changes. Read about the four facts that are compelling buisnesses to digitally transform the way they run HR:

The Effects of Digital Transformation:

1. 7x more leaders than HR executives from small to midsize companies report that digitisation has already changed their talent management efforts.

2. 71% of leaders say that digital transformation efforts make it easier to attract and retain talent, compared with 65% for HR executives from small to medium sized businesses. 

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3. 64% of employers say that their employees are more engaged thanks to digital transformation, compared to 21% for HR executives from small to medium sized businesses.

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4. 48% of the digital leaders claim that investing in digital skills and technology is most important for driving revenue in the next two years, compared with merely 19% of HR executives from small and midsize companies.

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*These insights were drawn from: Charted: Talent Drives Digital Success from Digitalist Magazine, based onfindings from “SAP Digital Transformation ExecutiveStudy: 4 Ways Leaders Set Themselves Apart” supported by Oxford Economics. Get more details about the findings by reading the Oxford Economics report, The Transformation Imperative for Small and Midsize Companies.

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