The Future Workforce: How Should You Prepare for Managing Talent in 2020 and Beyond
Transcript of The Future Workforce: How Should You Prepare for Managing Talent in 2020 and Beyond
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The Future Workforce: Prepare for Managing Talent
in 2020 & BeyondPresented By:
Sarah WhiteFounder, Accelir
Sponsored by:
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Generations in the workforce
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Source: Multigenerational Workforce Infographic, 2013, Michael C. Fina & Accelir
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Gen Y isn’t “Just another generation”
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Gen-Y will form 75 percent of the workforce by 2025-Business and Professional Women’s Foundation
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Huge Impact of Technology - (SoMo)
Globalization of Life
Self Managed Development
GEN Y IS FUNDAMENTALLY
DIFFERENT
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Impact of Technology:
A Digital Native Generation
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GEN Y IS SOCIAL66% would look up a store after learning their friend
had checked in
100 hours of video is uploaded to YouTube every minute
40 Million Pictures are uploaded to Instagram each day
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26% of companies still block access to social media sites in their workplaces
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Gen Y Grew Up Mobile• Among student tablet owners, 76% said tablets help students perform better in class
• 75% of 12-17 year-olds now own cell phones.
• 25% of smartphone users 18-44 can’t recall the last time their phone wasn’t next to them.
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Executive Disconnect36% of Executives say their CEO “doesn’t care or cares little” about social media & brand reputation on it33% of Gen Y would prioritize social media freedom, device flexibility and work mobility over salary
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Globalization:Technology leveled the field
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50% of world population is under 30 years old
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Self Managed Workforce:
Its all about me
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How Do we prepare?
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Recruiting talent• Be proactive at identifying needs and creating pipelines of talent
• Adopt consumer style strategy for marketing and engagement - talent shortages for good candidates never go away
• Look at positions & candidates for skill sets vs titles
Sourcing
Employment Branding
Candidate Experience
Recruiting
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Managing talent• Build company loyalty and relationship from day one.
• Identify skills gaps on teams as well as worker interest to develop talent internally to meet needs for growth
• Have an environment that people want to work in
Onboarding
Succession Planning
Team BuildingEmployee Engagement
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Developing Talent• Self Directed Learning Opportunities
• Allow workers to develop their own ascension plans to work off for training
• Strong mentorship programs with retiring workforce - including interesting job share arrangements
Social Collaboration
Learning
Personal Development
Mentorship
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Retaining Talent• Never Stop Recruiting Employees
• Create a culture of referral• Identify high potential workers and fast track them
• Use analytics, technology and quantitative data to the extreme
Hi-Po Identification
Re-Recruiting
Internal Referral Programs
Analytics
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What else should companies think about?
• New workforce structure - Contingent, Part Time, Flexible, Retained Experts, Consultants and On-Call workers
• Phased Retirement Programs - Valuable for both Gen Y and Boomers. Most ROI for businesses.
• Loss of the “pink-collar” workforce - No longer will female dominated roles exist
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Business Impact of NEXT Generation Business
Strategies
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Results-Only Work Environment (ROWE) program allows certain corporate employees in to work virtually anywhere, anytime, as long as they successfully complete their assignments on time.
This shift increased productivity 41% at headquarters and had as much as 90% reduction in turnover.
Companies like 3M, HP & Google have set aside time for groups of their employees to focus on pet projects and innovations outside of their normal day to day role.
And for much success dating back to mid century - products like Post-it notes, GMail, HTML and AdSense have all come out of this innovation time.
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It All Has to Work Together
Recruiting Managing
Developing Retaining
Sourcing
Employment BrandingCandidate Experience
Recruiting Onboarding Succession Planning
Team BuildingEmployee Engagement
Social Collaboration
Learning Personal Development
Mentorship Hi-Po Identification Re-Recruiting
Internal Referral Programs Analytics
New types of “Employee”New Workday Structures
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The Future Workforce: Prepare for Managing Talent
in 2020 & Beyond
Sarah WhiteFounder, Accelir