future of work - its impact on our industry

THE FUTURE OF WORK Its impact on our industry

Presented by Kevin Wheeler European Job Board Summit

LONDON -November 2012

Rules of Business Have Changed

© 2012, Future of Talent Institute

Money Meaning

Career Experience

Control Choice

Opportunistic planful

Permanent work

Project work

2

Trends in Population Growth Worldwide

Population Increase and Growth Rate, Five-Year Periods

7987

82 79 77 75 73 69

0

10

20

30

40

50

60

70

80

90

1980-1985

1985-1990

1990-1995

1995-2000

2000-2005

2005-2010

2010-2015

2015-2020

0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

2

Net population added per year Annual population growth rate

Mill

ions

Perc

ent i

ncre

ase

per y

ear

Source: United Nations, World Population Prospects: The 2002 Revision (medium scenario), 2003.

Source: UN Population Forecast, 2001 revision

0

1000

2000

3000

4000

5000

2000 2010 2020

Urban

Rural

Millions

Urban Population will Grow

Two Worlds Colliding

•  Choice •  Flexibility •  Opportunity •  Pay for

performance

Free Agent

• Security • Career path • Predictable income • Camaraderie

Traditionalist

Everyone an entrepreneur

Fewer marriages, Fewer kids Less home ownership

Work/Life/Play intertwined

More free time

Big Trend

1

© 2012, Future of Talent Institute 6

Integration of doing

what you find fulfilling

- new concept of

prosperity.

GUIDING PRINCIPLE: Deliberate CHOICE rather than social pressure.

75 million unemployed

youth aged 15 to 24!

12.7% of Youth Unemployed Globally!

Very LOW & very HIGH

Education Levels!

Rise of Career Mosaics!

7

REAL Stability/security comes from -broad Education - many diverse skills - flexibility - change competence

“. . the new job security is alive and well and centered in you, not in a company.” -The New Job Security, Pam Lassiter

Job Security is YOU


Collaboration

8

Big Trend

2 or crowdsourcing

– Work is more complex, ambiguous, and multicultural work

– Harder to find scarce talent – Harder to screen talent – Demand for greater innovation – No answers apparent for many

issues


Collaborating to Find

Talent

•  Candidates source Candidates •  Employees source Candidates – Referral networks

•  Online communities •  Twitter & other social media •  Social tools: find.ly


Health & Happiness New concepts of prosperity and

success

10

Dimensions of Health

Big Trend

3 © 2012, Future of Talent Institute

Beyond WoRDS

15

Vid

eo, Tex

ting

, IM, Tw

itter

Shift away from lengthy discourse

Fro

m w

or

ds

to c

on

tex

t

Changing nature of communication

“People of the Screen”

Video/Images dominates: Netflix, YouTube, Instagram

Big Trend


2013 and beyond?


DOMINANCE OF

17

ASSESSMENT

MARKETING

RELATIONSHIP

SOURCING

EDUCATION

ENGAGEMENT


18

Social influence scores will be important

Focus on:


Huge shift to virtual/mobile-based recruiting tools and processes

APPS

MESSAGING

ASSESSMENT

VIDEO MARKETING


cloud

Rise of Global RPO More recruiting will be outsourced as corporations

contain costs, drive QUALITY, and decrease in size.

CORP Coordinators &

STRATEGIC RECRUITERS

RPO & Specialized Services

Agencies, Consultants


Use of Simulations & gaming


Move away from detailed/Text-based job descriptions


Job boards?

•  Evolve to engagement platforms, social networks.

•  Leverage video, real-time communications.

•  Screen & assess –  using gaming and simulations.


•  Perhaps offer immersive experiences.

•  Coach & guide candidates

•  suggest candidates and managers –  via smarter analysis & crowdsourcing


Thanks!

[email protected] www.futureoftalent.org


future of work - its impact on our industry

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