Driven by continually evolving digital, demographic, political, and social forces, 85% of Luxembourg HR and business leaders say they rate building the organisation of the future as their number one priority
This puts them in line with the international trend, 90%, discovered by international services company, Deloitte, in their Global Human Capital Trends survey for which they polled more than 10,000 HR and industry leaders in 140 countries around the world.
They’ve now published the results in their report: Rewriting the rules for the digital age.
Deloitte said this is their largest and most extensive Global Human Capital Trends survey to date, now in its fifth year, and that it has shown that leaders are now turning to new organisational models, highlighting the networked nature of today’s world of work.
“The findings are in line with our millennial studies—showing that organisations have to radically review their working and recruitment models in order to keep their competitive edge,” said Basil Sommerfeld, partner of operations excellence & human capital at Deloitte Luxembourg.
“Most importantly, organisations should capitalise on digital HR for a 21st century workforce. Leaders need to consider disruptive technologies for every aspect of their human capital needs.”
Around 70% of Luxembourg participants agreed that developing Digital HR is essential for an organisation’s success.
Yet Deloitte found that HR is still struggling to keep pace with technological progress, with only 35% of HR professionals rating their capabilities as “good” or “excellent.”
According to the survey, 56% of companies are redesigning their HR programs to leverage digital and mobile tools, and 33% are already using some form of artificial intelligence (AI) applications to deliver HR solutions. The majority of Luxembourg participants also mentioned that they are currently re-evaluating their talent strategy and programs. However, only 16% are using robots, cognitive computing or AI “to some” or “a small extent” for following recruitment activities.
Deloitte considers that the HR function is in the middle of a wide-ranging identity shift. To position themselves effectively as a key business advisor to the organisation, it is important for HR to focus on service delivery efficiency and excellence in talent programs, as well as the entire design of work using a digital lens. The trends in this year’s report show signs of reinvention on all fronts, including jobs themselves.
Organisations should approach external talent, robotics, cognitive tools, and AI systems as the “new, augmented workforce.” While many jobs are being reinvented through technology and some tasks are being automated, Deloitte’s research shows that the essentially human aspects of work – such as empathy, communication, and problem solving – are becoming more important than ever.
This shift is not only driving an increased focus on re-skilling, but also on the importance of people analytics to help organisations gain even greater insights into the capabilities of their workforce on a global scale. However, organisations continue to fall short in this area, with only 8% reporting they have usable data, and only 9%t believing they have a good understanding of the talent factors that drive performance in this new world of work.
As the world enters a new era in which Chinais moving from the periphery to the core of the global financial and monetary order, Chinese direct investment in Europe has been hitting record highs while other forms of financial relations with China, particularly in Luxembourg, have also increased significantly. At the same time, China’s domestic economy is under pressure and the direction of key economic policies remains a question for debate. China is indeed in the middle of a transition to a new growth model that entails ambitious agendas for industrial upgrading and financial reform.
On 30 March, the Luxembourg Chamber of Commerce hosts a conference that aims to provide an up-to-date assessment of the shifting economic conditions that shape the “New Era of Chinese Capital”. Experts from the financial and legal sector will provide insights into existing projects, best practices and novel business opportunities.
Interested companies are requested to register online, no later than 27 March as spaces are limited.
17:00 - 17:10: Welcome address - Carlo Thelen, director general, Chamber of Commerce
17:10 - 17:20: Introductory remarks - His Excellency Dr Heinrich Kreft, German ambassador to Luxembourg
17:20 - 17:50: Keynote Speech: "China and Europe: Shifting economic conditions and novel business opportunities" - Prof Sebastian Heilmann, president MERICS
17:50 - 18:00: Speech - His Excellency Mr Pierre Gramegna, Minister of Finance
18:00 - 18:50: Round table
Laurent Schummer, partner, Arendt & Medernach ; Xuexue Lang, head of corporate banking department & head of investment banking centre, ICBC Luxembourg Branch & ICBC Europe
Mikko Huotari, head of programme, Foreign Relations, MERICS
18:50 - 19:00: Q&A session
19:00: Networking cocktail
Out of 202 tests for banned substances conducted by Luxembourg’s Anti-Doping Agency (ALAD) on athletes last year, just two showed positive results.
157 urine tests were carried out on Luxembourg’s athletes during competitions, 49 of them randomly, while the remainder were performed outside of competitions.
In one case, a test on a licensed basketball player in Luxembourg revealed the presence of carboxy-thc, which is listed in Section S.8 of the list of prohibited substances. He was suspended for a period of nine months for anti-doping rule violation.
And at the Powerlifting European Masters Championships in October 2016, an analysis of an Austrian athlete revealed the presence of hydrochlorothiazide, a substance listed in Section S.5 of the list. The sportsman, who had been provisionally suspended, received a reprimand with the justification that he would not have committed any material fault.
In 2016, a Luxembourg cyclist was awarded a four-year suspension for evading a doping control during a competition in Germany.
On February 10, 2017, at the Vectis Indoor Meeting at Hull, a Greek athlete's sample revealed the presence of 5-methylhexan-2-amine, a substance listed in Section S.6 of the prohibited substances list. The competent sports authorities have been informed.
Harking back to the days when one could tell a gentleman’s calibre above all by the state of his whiskers, Old School Barbers is Luxembourg’s first vintage-style barbers salon offering old school service marked by a relaxed, personal touch and the kinds of details that can turn a trim into the centrepiece of a fellow’s day.
Barbers have skirted on the edges of male fashion for several years now, where their blend of just the right elements of pampered indulgence and polished hints of subversiveness have kept them from fading away like most parvenu fashions.
Thus, fawning is out, while smart, long aprons, hot towels and masterful skills with a clippers are in.
The return was heralded by the hipster, but has really operated to the benefit of all men even as the hipster slowly fades from view (mercifully, some might say). Thus, kicking back in the old-style leather seats, the CEO may find himself alongside a Harley-fiend, a bookworm or even the vicar, who knows. Everyone finds a seat here because there are few men at the end of the day who don’t appreciate the power and appeal of a good-looking beard.
Old School Barbers say they are the only barbers with a real vintage look in Luxembourg, offering a relaxed atmosphere, 50’s-style decor, and smartly turned out cutters who take the time to know what works best for their clients. The service is as personalised as the cuts, all the way down to the whiskey they serve.
Old School Barbers can be found in Lintgen, Wemperhardt and Dudelange. For more information, see their website: www.oldschoolbarbers.lu
A conference on European security strategy in the early Cold War period, investigating these and other related questions by re-examining the relationships between the US and Europe and the role that developments in the early Cold War period played in the European integration movement.
The event is hosted in coordination with the University of Luxembourg, Luxembourg Centre for Contemporary and Digital History and funded by the FNR.
The conference will start at 09:30 on Thursday 30 March in the University of Luxembourg in the room Black Box in the Maison des Sciences Humaines, 11, Porte des Sciences, 4366 Esch-sur-Alzette.
Answering questions such as: which subject suits me? what course of study offers me internships and good job prospects? and where can I complete my foreign compulsory semester? the University of Luxembourg open day also aims to provide a general introduction to the university.
Professors and lecturers will be there to present more than 55 undergraduate and master study programs as well as the attractive training and further education programs. Those interested receive continuous personal advice from professors, study advisors, students and staff from the University of Luxembourg.
The Open Day of the University of Luxembourg starts at 09:00 on 1 April on Campus Belval in the "Maison du Savoir" (2, avenue de l'Université, 4365 Esch-sur-Alzette).
Bringing together some thirty speakers from all over the EU, representing a range of fields including law, economics, political philosophy, sociology, geography and international relations, this international seminar, organised in connection with the RESuME project, will aim to shed new light on the expression of competitiveness in Europe through an interdisciplinary analysis of the changing relationships between market, state and society in the European Union.
The seminar will be held at 08:45 on Wednesday 29 March, in the room Black Box in the Maison des Sciences Humaines, 11, Porte des Sciences, 4366 Esch-sur-Alzette.
Established by the law of 27 July 1997, the Constitutional Court celebrates its 20th anniversary this year. During a symposium to take stock and ask about its future prospects, the first session is reserved for the assessment of the Constitutional Court that the speakers will approach from jurisprudential, relational and institutional points of view.
To the extent that the Court's outlook remains uncertain, the second session is devoted to a debate on the respective merits of a reform of the present Court or its replacement by a future Supreme Court. The two sessions are followed by an open discussion with the participants.
The symposium starts at 09:00 on Friday 31 March at the Cité Judiciare, Common Building BC 1st Floor, 2080 Luxembourg.
Luxembourg’s funfair, the Schueberfouer is coming back, for the 677th time, and so too is the competition to produce the backdrop for the advertising poster to promote it. The winning image, painting, graphic or design will be used as the main visual for the communication campaign for the funfair which will run from 23 August to 11 September this year.
The competition is open to any natural person residing in the Grand Duchy of Luxembourg and the technique used may be in fields as diverse as photography, painting or graphics.
Projects must be submitted before 18 April 2017 at the Communication and Public Relations Department of the City of Luxembourg, Petit Passage, 9 rue Chimay, 5th floor, L-2090 Luxembourg. Proof of delivery will be required.
A jury, appointed by the College of Mayor and Aldermen, will select the winning projects and award the prizes of €1,000, €500 and €250 for the three best. More information is available on the Schueberfouer website: www.fouer.lu.
Global outsourced alternative asset and corporate administration and reporting services provider, Sanne Group Plc, has been shortlisted for the Trust Company of the Year category for the 2017 Citywealth Magic Circle Awards, one of the financial sector’s most prestigious awards.
Siobhan Crick, a director in Sanne’s private client business, has also been named as a finalist in the ‘Trustee of the Year’ category for the annual awards.
The nominations come after a period of sustained growth for Sanne, which has acquired businesses in five new jurisdictions and seen staff levels increase by two thirds.
Phil Le Vesconte, head of private clients, was delighted by the news. “As a business, Sanne is delighted to be on the shortlist. Such recognition is a tribute to the Sanne team’s expertise and hard work on behalf of our clients.”
He added, “Siobhan’s shortlisting as trustee of the year is richly deserved. She is a highly experienced professional, delivering bespoke solutions for individuals and families, and has more than 20 years of industry experience.
“This latest recognition for Siobhan also comes after she was named on the Citywealth IFC Powerwomen Top 200 list of 2016 and 2017.”
The winners of the awards will be announced on 10 May. Finalists were chosen by a judging panel featuring 10 global industry experts. All voting is online: https://www.citywealthmag.com/events/magic-circle-awards-2017, and closes on Friday, 21 April 2017.