online webinar series: the future of work is human leading
TRANSCRIPT
The Future of Work is Human
Leading the workforce of the future
Thursday, 28th September 2017
Online Webinar Series:
Online Webinar Series:The Future of Work is Human
• The Future of Work is Human – July 6th
• How to Plan and Find your Future Workforce – July 19th
• Retain and Engage Talent through Reward and Culture – September 13th
• Leading the Workforce of the Future – September 28th
© 2016 Korn Ferry. All rights reserved 3
Our presenters and panellists
Matt Crosby
Jaime Maxwell-Grant
Anne Sherwood
© 2016 Korn Ferry. All rights reserved 44
Housekeeping
• All lines are muted.
• Please submit your questions via
the Q&A panel at any time.
• The session will be recorded.
• Your feedback is important:
Please take our 1-minute
survey which will open in your
browser after this session
© 2016 Korn Ferry. All rights reserved 5
What’s happening around us and the impact on the “future of work”.
© 2016 Korn Ferry. All rights reserved 6
What is shaping our philosophy
Because of this speed and acceleration of change, organizations and leaders
must intentionally learn from their external ecosystems. They need to be
creative, innovative, visionary thinkers, and they need to continually sharpen
these skills.
The world is becoming an
increasingly unknowable place.
– Dr. Roch Parayre
Today is the slowest pace of change you
will experience for the rest of your life.
– Dr. Rob Wolcott
Creativity is just
connecting things.
– Steve Jobs
© 2016 Korn Ferry. All rights reserved 8
The World’s Most Admired Companies (WMACs) are creating the foundation for digital success …
71
80
68
62
61
0 20 40 60 80 100
% Agreement
▪ We have the operating model in place to executeon our digital strategy (organising systems and processes).
▪ We have the organisational structures and roles in place to execute on our digital strategy.
▪ We have defined leadership roles with an explicit focus on our digital agenda (e.g., Chief Digital Officer).
▪ We are effectively shifting the mindsets of leaders and employees to respond to opportunities and challenges associated with the digital economy.
▪ Our current organizational culture will need to change to support the execution of our digital strategy.
Adapting the organization
© 2016 Korn Ferry. All rights reserved 9
… but they acknowledge they have not yet solved the digital talent challenge
WMACs face challenges in attracting the people they will need…
…and in developing and retaining digital talent
▪ We face challenges in retaining digital talent in key roles.
▪ We have developed retention strategies focused on digital talent in key roles.
▪ We face challenges in developing training and development programs for our digital talent roles.
▪ We face challenges in developing career development opportunities for our digital talent roles.
60
49
56
44
66
0 20 40 60 80 100
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56
45
43
0 20 40 60 80 100
% Agreement% Agreement
▪ We have performed strategic workforce planning to determine future workforce needs.
▪ We have a talent bench with the skills and capabilities needed to execute our digital strategy.
▪ The majority of future digital leaders will have been recruited from outside the company.
▪ We have redefined our employer value proposition to attract digital talent.
▪ We face challenges in acquiring digital talent with needed skills.
© 2016 Korn Ferry. All rights reserved 10
WMAC view on the changes over the next five years
How would you describe yourcompany at the present time?
How do you envision yourcompany five years from now?
Definition and Integration of Strategy HighLow
Pro
gre
ss
wit
h Im
ple
men
tati
on
Low
Hig
h
Digitally
emerging
Digitally
aggressive
Definition and Integration of Strategy HighLow
Pro
gre
ss
wit
h Im
ple
men
tati
on
Low
Hig
h
34%14%
32%20%
Digitally
mature
Digitally
conservative
Digitally
Emerging
Digitally
aggressive
38%48%
13%1%
Digitally
mature
Digitally
conservative
© 2016 Korn Ferry. All rights reserved 11
What does this mean for leadership?
11© 2017 Korn Ferry. All rights reserved
© 2016 Korn Ferry. All rights reserved 13
The VUCA world requires VUCA leadership
UncertaintyVolatility Complexity Ambiguity
VISIONUNDER-
STANDINGCLARITY AGILITY
“It is not the strongest of the species that survives, nor
the most intelligent, it is the one that is the most
adaptable to change”
Charles Darwin
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Content
Accountability
Speed
Critic
Conservative
Competencies
Doing Things Right
Short Term
Maintaining Focus
Spreadsheets
Performance
Using Expertise
Context
Authenticity
Significance
Coach
Courageous
Character
Doing the Right Thing
Sustainability
Multiplying Energy
Stories
Purpose
Using Questions
Executive-to-Leader Development
© 2016 Korn Ferry. All rights reserved 15
An example of the changing face of developing leaders
Personal
Leadership
Enterprise
Leadership
People
Leadership
Deepen self-
awareness of purpose
and impact
Develop resilience
Managing motives to
improve performance
Role of leader vs
expert or manager
Impact motivation and
performance of others
Coach and mentor to
develop and empower
others to drive results
Lead strategy
Align and drive
performance
Advocate a customer-
centric mindset
Create opportunities for
innovation and
creativity
Collaborate with others
to instil collective
responsibility
© 2016 Korn Ferry. All rights reserved 16
An example of how we developed a senior team
VS
Local
Decentralization
People
Qualitative
Quantity
Customization
Collaboration
Global
Centralization
Performance
Quantitative
Cost
Standardization
Accountability
The Paradox Management Framework
© 2016 Korn Ferry. All rights reserved 17
Eight imperatives of how to develop leaders for the challenges of the future
Deliberate practice
& reflection
creates skill and
embeds learning
Some Stress is
needed to move
out of the comfort
zone
Growth mindset –
focus on valuing
curiosity and
openness
Emotion is
critical to self
awareness and
impacting others
Learning with
others for
collaboration and
support in application
Mindfulness quiets
ego and creates
space to choose a
new approach
New experiences
spark learning
and lift our
standards
Behavioural
commitments
create sustained
change on the job
Online Webinar Series:The Future of Work is Human
• The Future of Work is Human
• How to Plan and Find your Future Workforce
• Retain and Engage Talent through Reward and Culture
• Leading the Workforce of the Future