8/8/2019 The Challenge of Change and the Societal Response - Revised

1/15

The Challenge of Change & the Societal Response

The Changing Youth

K Pandia Rajan

Ma Foi Randstad India & Sri Lanka

CEO

8/8/2019 The Challenge of Change and the Societal Response - Revised

2/15

the past

2

Ten years ago there were no social networks

Ten years before that we didn't have the Web

If you work in the web programming, online marketing,or mobile phone industries, your job did not existtwenty years ago

Productivity was difficult (if not impossible) to measure

8/8/2019 The Challenge of Change and the Societal Response - Revised

3/15

today

3

Time and task tracking tools are revolutionizingproductivity measurement

Each employees work can be directly tied to thebottom line

The more productively you work, the more money youmake

Employees work together from anywhere in the world

Theres no longer an excuse not to know how Key to success is innovation

8/8/2019 The Challenge of Change and the Societal Response - Revised

4/15

4

Characteristics of Gen Y

8/8/2019 The Challenge of Change and the Societal Response - Revised

5/15

5

8/8/2019 The Challenge of Change and the Societal Response - Revised

6/15

6

Challengeof change

Technologyshrinking the

world

Impact onvalue

systems

work lifebalance

Increasingimportance ofSocial Media

Changingwork

scenario

8/8/2019 The Challenge of Change and the Societal Response - Revised

7/15

7

Advent of

Internet as aTechnology

Social

media tools

Globalconnectivity

Cultural and

economicimpact

advent of internet as a technology

8/8/2019 The Challenge of Change and the Societal Response - Revised

8/15

Challenges in the changing world of work

8

Demographic and economic shiftsaccelerating talent mismatch

Impacting individual

choice

Technologicalrevolution

Demographic andeconomic shifts

accelerating talentmismatch

Impactingindividual

choice

Technologicalrevolution

8/8/2019 The Challenge of Change and the Societal Response - Revised

9/15

Demographic and economic shifts accelerating talentmismatch

Organizations need an agile talent strategyto attractand retain the talent required to achieve their businessstrategy.

Critical skill shortages will accelerate the mobility of

workers and work. Demographic shifts will increase the pressure to keep

older workers engaged.

Continuous training and developmentof the workforce

will be required to maintain a job-ready workforce. Key to success - Innovation

9

8/8/2019 The Challenge of Change and the Societal Response - Revised

10/15

impacting individual choice

10

Improved individuals motivation level and workpreferences

Multi-generational workforce so member engagementvital

Importance ofbrand and reputation will become

increasingly important.

Individuals will need to take more responsibilityandownership for their careers and development.

8/8/2019 The Challenge of Change and the Societal Response - Revised

11/15

technological revolutions

11

Rapidly changing technology and greater globalarbitrage increases individuals and organizationschoice of where, when and how work is performed.

Workplaces and practices will need to beenvironmentally-friendlyand drive sustainability due to

societys focus on reducing carbon footprints.

Adapting to increased speed of automation andintegration of processes to improve productivity.

Increase the importance ofco-ordination &

collaboration

8/8/2019 The Challenge of Change and the Societal Response - Revised

12/15

the future of work

FlatFlat

On demandOn demandCompetitiveCompetitive

TransparentTransparent

12

8/8/2019 The Challenge of Change and the Societal Response - Revised

13/15

about us

Grown to be the largest HR service provider in India.

Part of Randstad Holdings NV, a Fortune 450 company present in 44 countries

Revenue grew to Rs. 7885 million (2009) as against Rs.7863 million (2008) reflecting aCAGR of 66% over the last 17 years.

Worked with over 250 Fortune 500 organizations.

1,264 members + 57,515 on deputation.

3,07,638 placed in 36 countries, incl. 1229 in GM and above levels.

Value / Process driven - ISO 9001:2008 Certification obtained from TUV.

13

8/8/2019 The Challenge of Change and the Societal Response - Revised

14/15

about randstad

Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad

Holding nv is listed on the NYSE, Euronext Amsterdam exchange, where options for stocks inRandstad are also traded.

Since acquiring Vedior in 2008, the Randstad Group is the second largest HR services provider inthe world with top three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France,Germany, Greece & Cyprus, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerlandand the UK, as well as major positions in Australia and the United States.

Randstad has over 25,500 employees working from 4,100 branches and in house locations in 44countries around the world.

We offer an extensive portfolio of HR services, from regular temporary staffing and permanentplacement to on site consultants, seconded specialists, recruitment of middle and seniormanagers and a comprehensive range of specialized HR services

- Staffing

- Inhouse services- Professionals- Search & Selection- HR Solutions

14

8/8/2019 The Challenge of Change and the Societal Response - Revised

15/15

15