the future of human resources...trends shaping the future of work... globalization changing employee...
TRANSCRIPT
THE FUTURE OF HUMAN
RESOURCES
Ceree EberlyChief People Officer
The Coca-Cola Company
2
refresh the world, inspire moments
of optimism and happiness, create
value and make a difference
OUR MISSION
BEFORE WE TALK ABOUT
THE FUTURE OF HUMAN
RESOURCES...
3
Let’s look at macroforces & people trends impacting
the world today and in the future
Classified - Internal use 4
Technology &
InterconnectivityGlobalization
Demographic Changes &
Population Growth
Cybercrime Shift to the East
Urbanization Food & Water Shortage
Growing Middle Class
+ Income Divide
Economic & Political
Unrest
5
As the world
continues to
change,
organizations must
adapt
Trends shaping the future of work...
Globalization
Changing
Employee
Demographics &
Expectations
Technology
as an Enabler
& Disruptor
Accelerated
Pace of Change
HUMAN RESOURCES NEEDS TO BE
AHEAD OF THE CURVE…..
Human Resources continues to transform…
FROM: PERSONNEL
• Record keeping and reporting
• Employee training
• Payroll
• Employee services
• Order taking
• “Policing & Compliance”
Focus was transactional…
seeking to become a partner
Human Resources continues to transform…
TO: STRATEGIC HUMAN CAPITAL
MANAGEMENT
• Business Leadership vs. HR leadership
• “Talent” as a competitive advantage
• Predictive analytics
• Employee experience
Focus is strategic and integrated
GLOBALIZATION
#1
No matter where you are, globalization affects your business
10
Changing
Consumers &
Customers
Impact of
World Events
Urbanization
Risk
Management &
Data Security
Digital World
Beverage Industry Multicultural Growth in 2011
Beverage Industry Multicultural Growth in 2020
African American APAHispanic
15%
65%
3%17%
*2020 NARTD (Marketplace Intelligence)
2020 CAGR Projections (Strategic Planning)
** 2015 Projection(Census)Anglo
74%
OF INCREMENTAL VOLUME
GROWTH THROUGH 2020 WILL
COME FROM MULTICULTURAL
CONSUMERS
15%
62%
4%
19%
U.S. multicultural population growth presents undeniable business opportunity for Coca-Cola
Classified - Internal use only12
Globalization Impacts Where We Invest, and the Way We Work, Lead, and Act at Coca-Cola
• Attracting and developing associates with a global mindset & skill set
• Global talent movement
• Diversity has to reflect the markets we serve
A robust talent plan is essential for success
TECHNOLOGY: ENABLER
AND DISRUPTOR
#2
Unprecedented Access to Big Data
Connection without Borders or Boundaries
Mobile technology
Instant communication
Everyone has a voice
Volume & variety of data
Speed at which data streams
Inconsistent accuracy of data
Technology leads to . . .
2.5+
Quintillion
Bytes of Datacreated each day
Headquarters
Field
Operations
Bottlers &
Customers
Suppliers
Technology drives a different way of working and innovating at Coca-Cola
Aligned &
Collaborative
Communities
of Interest
Next
Generation
Workforce
Open &
Connected
Connected and
Social Enterprise
Coca-Cola Ambassador app: innovation and empowerment through technology
• Associates can submit
customer needs in
market
• Information is
automatically routed to
the right contact
• Social learning &
innovation to drive
business value
Strategic human capital planning at Coca-Cola
17
Workforce
Planning
Integrated HR
Analytics
Competitive
Intelligence
Data
Protection &
Privacy
Data-Driven
Decision Making
CHANGING EMPLOYEE
DEMOGRAPHICS AND
EXPECTATIONS
#3
Converging demographic and workplace trends
Implications of
DemographicsWorkplace Trends
• Shrinking labor pool
• More women in the workforce
• Evolving expectations of Gen X
and millennials
• Greater diversity - global and
multicultural
• Cost saving initiatives
• Record downsizing / Extreme M&A
• Organizations becoming flatter
• Rapid organizational change
requires unprecedented
adaptability
What does this
mean for
organizations &
employees?
Classified - Internal use only
• Early career development
programs
• Millennial Voices & reverse
mentoring
• Employee councils drive
business value and engagement
• Tools to support career
customization
• Increased workplace flexibility
enabled by technology and trust
Staying ahead of the convergence at Coca-Cola
A reality of today and the future. . . The overwhelmed employee
24
7
Work Environment
Only 42%
say they are
able to
disengage
from work*
*Source: The Energy Project
**Source: Oxford Economics
Unused
vacation
days in the USare at a
40 year
high**
Classified - Internal use only22
Example: Coca- Cola personal sustainability plans
Physical• Energy Balance
• Prediction
• Prevention
Emotional• Stress Management
• Behavioral Health
• Happiness
Financial• Financial Planning & Literacy
• Career Development
Social• Work Environment
• Community Participation
• Family Needs
ACCELERATED PACE
OF CHANGE
#4
Who would have imagined…
In the last year. . . In the last minute. . .
More devices than people
300% revenue
growth rate
2-day to same
hour delivery
300 hours
of video
2.4 million searches
500,000 tweets
25
Organizational agility at Coca-Cola
• Hierarchy • Slow
• Bureaucratic • Duplicative
TRADITIONAL HIERARCHY NETWORKED & CONNECTED
• Adaptability
• Consumer & Customer Centric
• Innovative • Deal with volatility
Trends shaping the future of work...
Globalization
Changing
Employee
Demographics &
Expectations
Technology
as an Enabler
& Disruptor
Accelerated
Pace of Change
Classified - Internal use only
SUCCESS IN
THE FUTURE
WILL REQUIRE
A DIFFERENT
KIND OF
LEADERSHIP
Developing the Next Generation of Leaders
• Leadership Behaviors
• Situational & Adaptive
Leadership
• Drive Engagement
• Leading Globally Diverse &
Virtual Teams
• Head & Heart Knowledge
• High-Performance Work
Environment
• Inspirational Leadership
• Leaders as Teachers
• Shape Culture
• Create “Followership”
Entry-Level Leadership Development
Mid-Level Leadership Development
SeniorLeadership Development
Leading Change across Cultures and Generations
Enhancing Leadership Development for All
Associates
•Single university “brand” experience & accessibility to all associates
•Focus on experiential learning: solving business challenges
•Global Learning Hubs
Talent Review
• Business acumen is a must – understand consumers
• Success equals both a business plan and people plan
• We must use technology and data to drive competitive
advantage
• We must build future leaders to meet a changing world
• We must be inclusive
• We must be the stewards of the people
Our Call to Action in Human Resources…
YourQuestions?