the future of work its impact on our industry its impact on our industry presented by kevin wheeler...
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THE FUTURE OF WORK Its impact on our industry
Presented by Kevin WheelerJob Board Summit - North
America
Two Worlds Colliding
• Choice• Flexibility• Opportunity• Pay for
performance
Free Agent
• Security• Career path• Predictable
income• Camaraderie
Traditionalist
2© 2013, Future of Talent Institute
Trends in Population Growth Worldwide
Population Increase and Growth Rate, Five-Year Periods
Mil
lion
s
Per
cent
incr
ease
per
yea
r
Source: United Nations, World Population Prospects: The 2002 Revision (medium scenario), 2003.3
© 2013, Future of Talent Institute
Source: UN Population Forecast, 2001 revision
0
1000
2000
3000
4000
5000
2000 2010 2020
Urban
Rural
Millions
Urban Population will Grow
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Everyone an EntrepreneurUrban, Healthier, Older, better educated
Automation & Robotizing of many traditional jobs.
Work?
Sustainability
Just enoughValues
Simplicity
FunOpenness
Rise of Career Mosaics
Firms specializing in
management, scientific and
technology fields will grow
83% by 2020.
Home Healthcare +46%Elderly care +76% by
2020.
Fewer marriages, Fewer kids
Less home ownership
Work/Life/Play intertwinedMore free time
GUIDING PRINCIPLE: Deliberate CHOICE rather than social pressure.
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Collaborationor crowdsourcing
A way to . . .– Do complex, ambiguous, multicultural
work– Find scarce talent– Seek multidisciplinary ideas– Open, transparent, fosters innovation
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Collaborating to Find Scarce Talent
• Candidates source Candidates• Employees source Candidates–Referral networks
• Online communities• Twitter & other social media
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New Organizational Structure Emerge
COREEMPLOYEES
TRUSTEDPARTNERS
PART-TIME& TEMPS CONSULTANTS
CUSTOMERS
CONTRACTORS
Twentieth century organizations were designed for production and volume, not innovation and change.
Hierarchy inhibits innovation and change.
Lower cash investment needed
Smaller, Leaner, networked Firms
Fun, satisfying, meaningful
Lower cost structure
Collaboration & partnerships
Flexible, nimble, lean
We work in hierarchy, structure, rules.
Cannot respond quickly enough to
change
Slow, inflexible
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Workers will choose projects, not organizations, and will often follow a project leader from gig to gig.
A Snapshot of the “Typical” Employee of 2024
They will expect to work wherever they like most of the time. They will not want or need to come to a physical office.
Pictures and video will replace a significant amount of written communication.
Much work will be done on mobile devices and several employees will collaborate virtually.
A typical employee will be a member of Gen Y, the youngest being ~ 30 and the oldest in their early 40s.
The majority will have 2 or more income sources, work part-time or as a contractor, or both.
© 2013, Future of Talent Institute
Robotics, Automation & WorkGeneral Motors had almost 600,000 employees in 1960 and built around 2 million vehicles. Today it has 200,000 employees and builds over 9 million vehicles each year. This is a common story among manufacturers everywhere.
Meet Baxter Robots are rapidly replacing
workers or reducing the
amount of work they have to do.
Replacement: Robots take overAugmentation: Working WITH robotsRe-education: Learning unique new skillsUniqueness: Doing what robots cannot do
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Conflicting Worlds
WHENEVER-Batch processing-Lag between start & finish-Complex World-Fundamental Assumption: Past & Future similar
NOW-Streaming-No Lag between start & finish-Chaotic World-Fundamental Assumption: Past & Future different
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GOAL: Finding Information in the Noise
We are overwhelmed with words, pictures, numbers, videos.
Patterns are harder and
harder to see.
Candidates are elusive – jobs are changing.
Social media has become “the cocktail party from hell, with the flood of information jeopardizing meaning.” -Maureen Down
99% of inform
ation is noise.
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Resume
Social NetworkWeb Info
Social NetworkTweets
ResumesDatabase
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Data Scientist
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“the sexiest job in the 21st century” -Harvard Business Review
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Drawing Useful Information from Data
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"The Web is your CV and social
networks are your references."
Candidates will have no need for formal resume/CV
Search = structured + static + unstructured + streaming + aggregated data.
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What Does This Mean For Us?
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Social Influence Becomes Important
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Four most important tools for 2014
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Dynamic, streaming, cheap
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DOMINANCE OF
ASSESSMENT
MARKETING
RELATIONSHIP
SOURCING
EDUCATION
ENGAGEMENT
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Gamification
Seamless User Interfaces
Apps
Candidates & Hiring Managers are Center
MicroXctions
Mobile Grows Exponentially
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Rise of Global RPOMore recruiting will be outsourced as corporations contain
costs, drive QUALITY, and decrease in size.
CORPCOORDINATORS
& STRATEGIC
RECRUITERS
RPO & Specialized Services
Agencies, Consultants
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Move away from detailed/text-based job descriptions
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Recruiting becomes a DYNAMIC,
Realtime, all-the-time, process Of
scanning, analyzing, and assessing
for. . .
Jobs that are DYNAMIC, evolving, global and highlyvaried.
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© 2013, Future of Talent Institute
www.futureoftalent.org
Kevin WheelerFounder & Chairman
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