HUMAN CAPITAL IN A CHANGING

WORLD: RETHINKING & RESETTING HORIZONS OF FINANCIAL

INNOVATION

DIMITRIOS G . SALAMPASIS

D O C T O R A L R E S E A R C H E R

P U B L I C R E S E A R C H C E N T E R H E N R I T U D O R , L U X E M B O U R G

L A P P E E N R A N T A U N I V E R S I T Y O F T E C H N O L O G Y, F I N L A N D D i m i t r i o s . S a l a m p a s i s @ t u d o r . l u

CRP Henri Tudor

Research for Innovation,

made in Luxembourg

A Dynamic Development

Tudor Organisation

Academic collaborations worldwide

Accademic collaborations in Europe

Where do we stand?

• Unprecedented world crisis

• Economic and social crisis

• World crisis of inequalities

• Political crisis

• Hunger and poverty crises Where shall we go?

• Global Governance

• Fair Trade

• Financial Markets

• Decent work

• Migration

• Global Social Protection

• Regulation of Global Finance

• Strengthening Democracy

• Call for repairing the economic and social fabric • Call for consolidating the rebalancing process in emerging and

developing countries • Call for finding the right balance between employment and

macroeconomic goals in advanced economies • Progress towards reducing economic and social inequalities would pave

the way for a lasting recovery

World of Work Report 2013 International Labour Organization

Europe's young people are suffering disproportionately in the economic crisis and we must do more to prevent them from becoming 'a lost generation'

The EU needs to create 6 million jobs to return to pre-crisis levels but labour market conditions continue to worsen

Employment rates have fallen in the vast majority of countries

Unemployment and youth unemployment continue to rise in 2013

Long-term unemployment is increasing and job seekers are becoming discouraged

Investment remains weak as uncertainty prevails and financial markets remain dysfunctional

Real challenges

• Balancing the local and the global • Managing a flexible and virtual human capital • Recruitment and retention of “top talent”, in an environment where employee

engagement has been and will be challenging • Matching the supply of talent to the geographies where the opportunities for growth

are greatest • Development of global career paths • Creation of more innovative, agile and globally responsive organizations • Ensuring that people profile matches the value drivers of the business • Effective Training

*

*The role of the talents as the drivers of Innovation and Creativity in economy

*Power of people in creating new solutions with new ideas to more complex problems that arise in society

*Innovation and creativity as the platform of creation of value in a global competitive economy

*Process of evolution of the integration of people in society

*Active entrepreneurial culture and attitude

*Co-creation and openness

*Global participation towards individual creativity and collective cooperation

*Open society

*Trustworthiness

*Inspired by Francisco Jaime Quesado’s “The Human Capital”, New Europe, 12-18 May 2013

Human Capital Trends*

Time Horizon Exploration Execution

Leading • Leadership Next

• How is the financial crisis

changing the HR game

• Organization Acceleration

• Talent Development

• Transformation of HR

towards meeting new

business and social

priorities

Rising • Open Innovation

• Global Diversity and

Dexterity

• Workplaces of the future

• Aging workforce

• Performance management

Emerging • Open Talent Economy • Human capital analytics

*Adapted from “Resetting Horizons-Human Capital Trends 2013”, Deloitte Global Edition

*Thank you for your kind attention