Talent, The New "It"

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Talent – The New “It” Monday, 14 February 2011

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ManpowerGroup was the first to indicate that the world has entered The Human Age, where Talentism is the new Capitalism. Presented by ManpowerGroup Greece Country Manager, Dr Venetia Koussia, at the February 2011 Open House event.

Transcript of Talent, The New "It"

Page 1: Talent, The New "It"

Talent – The New “It”Monday, 14 February 2011

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Do You Know…?

We place over 500,000 people on assignments every day

We have over 4,000 offices across 82 countries around the world

We train over 9 million people

We have over 30,000 employees and over 400,000 clients

We are the global leader in Recruitment Process Outsourcing

We have the world’s largest IT professional placement firm

We have the world’s largest outplacement firm

We are U.S. based with over 90% of revenues generated outside the

U.S.

In 2009 alone, we… Interviewed 12 million people

Placed 3 million people in jobs

Transitioned 225,000 people into new careers

Manpower Inc. Proprietary Information

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We Power the World of Work

• We have a holistic view of the world of work– Engage in dialogue with Fortune 2000 executives from around the world

– Interview over 10 million individuals from all levels – factory work to CEO

• We have an unmatched global footprint with local

expertise and understanding of each local market that

we’re in

• We have unique insight and perspective to provide

innovative workforce solutions to help the organizations

and individuals we work with WIN

Manpower Inc. Proprietary Information

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Macro-Economic Forces Changing the World

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Structural changes are causing a fundamental

shift requiring

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• The redesign of business models

• The redefinition of value propositions

• The reinvention of social systems

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Questions that >80% surveyed consider relevant / very relevant

World Economic Forum Survey Results-2010

* Tied for highest overall relevance in entire survey* Tied for highest overall relevance in entire survey

How will demographic

and macro-economic

imbalances change the

future of globalization?

How can companies

and countries attract

the best and

brightest minds?

How can large

organizations develop

innovators and

entrepreneurs from

within?

Talent – Access, Attraction, Development - Tops Mindshare of

WEF Participants

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How can we ensure the

successful leveraging of

human potential?*

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We’ve been leading a global talent conversation…

New York

Ho Chi

Minh City

Paris

Manpower Inc. Proprietary Information

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Capitalism Talentism

The implication is that talent - as capital once was - is becoming

the scarce resource in the economic world and a nation or

corporation’s means of attracting, mobilizing and liberating talent

will be a key competitive differentiator.

Human potential will be the major agent of economic growth, and

how to unleash then leverage that potential will be the key

question organizations will need to answer

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Talent is emerging as the new “IT”

Manpower Inc. Proprietary Information – Under Embargo until Davos 2011

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Throughout history, the world occasionally experiences a change

so transformational and all encompassing it redefines the epoch;

we have experienced the Iron Age, the Industrial Age, the

Information Age and now, we are entering a new age, the

HUMAN AGE, where the true power of human potential will be

fully realized.

The Dawn of the HUMAN AGE

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This is creating complexity and opportunity

in the marketplace

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Manpower Inc. World of Work Trends:

Indicators of the Human Age

Source: Manpower Inc.

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Demographics and the

talent mismatch are

increasing the pressure

to find the right skills in

the right place at the

right time as working age

populations decline,

economies rebound,

emerging markets rise,

and the nature of work

shifts.

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Manpower’s 2010 Talent Shortage Survey

The top 10 jobs employers are having difficulty filling (ranked in order):

Global

1. Manual Trades

2. Sales Skilled Representatives

3. Technicians

4. Engineers

5. Accounting / Finance

6. Production Operators

7. Secretaries/PAs/Assistants/Office

Support

8. Management/Executives

9. Drivers

10. Laborers

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1. Sales Skilled Representatives

2. Technicians

3. Secretaries/Pas/Assistants/Office

Support

4. Accounting /Finance

5. Management/Executives

6. IT Staff

7. Laborers

8. Mechanics

9. Skilled Trades

10. Customer Service Representatives

& Customer Support

Greece

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Lack of resources

creates tension

on the high demand

skills market

Oversupply of low or

wrongly skilled

resources generates

under- employment

and unemployment

Source: Confronting the Talent Crunch: A Manpower White Paper

Demand for skill

Supply of skill

The Talent Mismatch Illustrated

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Source: Deloitte Research/UN Population Division (http://esa.un.org/unpp/) It’s 2008:

Do You Know Where Your Talent Is? Why Acquisition and Retention Strategies Don’t Work, p.6

The Global Working Age Population

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The Global DemographicsWorld Map According to Population Distribution by 2050

nGenera & Don Tapscott

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Individual Choice is eliminating the one size fits all

approach and elevating the need for one size fits one.

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One Size Does Not Fit All

Traditionalist

Born 1928-1945

Boomer

Born 1946-1964

Generation X

Born 1965-1979

Generation Y

Born 1980-1995

Tammy Erickson, Photo Credits; Alfred Eisenstaedt, Getty Images, People Magazine, Padre Steve

Pragmatic ImmediacyIdealistic

Each generation approaches work differently, shaped

by the economic, social and political forces of their

time.

Hierarchical

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Customers have more access to information,

experts and lower cost channels which increases

visibility and subsequent pressure on companies

to deliver value. Employers have become more

sophisticated in assessing their workforce and

are looking for specific skills that enable their

companies to do more with less to meet ever-

rising consumer needs

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In a global inter-connected world your customers

know more and expect more.

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Rapidly changing technology and greater

global arbitrage increases individuals’ and

organizations’ choice of where, when and

how work is performed, and with whom.

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Technology has long transformed the way we work

Talent can be virtually accessed anywhere

Competition is everywhere

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So, what…?

Winning in the

changing

world of work

requires a

New Way of

thinking about and

approaching your

workforce.

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This means you need to re-examine your

assumptions about:

Talent

Sources

People Practices

Work Models

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How Will You Unleash Your Workforce’s

Potential?

Work Models

People Practices

Talent Sources

• Today’s practices were created with out-dated

assumptions – so why are will still using them?

• What new practices will we need in order to

attract, develop and retain the talent?

• How will you improve your talent supply?

• What talent strategies do I need to reach

undertapped and untapped talent pools?

• How do we manage the talent ecosystem to drive

productivity?

• How do we manage a diverse and virtual workforce?

• How do we inject flexibility into our workforce mix?

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We can help you…

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