The Future Workforce: Prepare for Managing Talent

in 2020 & Beyond

Presented By:

Sarah WhiteFounder, Accelir

Sponsored by:

Generations in the workforce

Source: Multigenerational Workforce Infographic, 2013, Michael C. Fina & Accelir

Gen Y isn’t “Just another generation”

Gen-Y will form 75 percent of the workforce by 2025-Business and Professional Women’s Foundation

Huge Impact of Technology - (SoMo)

Globalization of Life

Self Managed Development

GEN Y IS FUNDAMENTALLY

DIFFERENT

Impact of Technology:

A Digital Native Generation

GEN Y IS SOCIAL

66% would look up a store after learning their friend had checked in

100 hours of video is uploaded to YouTube every minute

40 Million Pictures are uploaded to Instagram each day

26% of companies still block access to social media sites in their workplaces

Gen Y Grew Up Mobile• Among student tablet owners, 76% said tablets help students perform better in class

• 75% of 12-17 year-olds now own cell phones.

• 25% of smartphone users 18-44 can’t recall the last time their phone wasn’t next to them.

Executive Disconnect

36% of Executives say their CEO “doesn’t care or cares little” about social media & brand reputation on it

33% of Gen Y would prioritize social media freedom, device flexibility and work mobility over salary

Globalization:

Technology leveled the field

50% of world population is under 30 years old

Self Managed Workforce:

Its all about me

How Do we prepare?

Recruiting talent• Be proactive at identifying needs and creating pipelines of talent

• Adopt consumer style strategy for marketing and engagement - talent shortages for good candidates never go away

• Look at positions & candidates for skill sets vs titles

Sourcing

Employment Branding

Candidate Experience

Recruiting

Managing talent• Build company loyalty and relationship from day one.

• Identify skills gaps on teams as well as worker interest to develop talent internally to meet needs for growth

• Have an environment that people want to work in

Onboarding

Succession Planning

Team Building

Employee Engagement

Developing Talent• Self Directed Learning Opportunities

• Allow workers to develop their own ascension plans to work off for training

• Strong mentorship programs with retiring workforce - including interesting job share arrangements

Social Collaboration

Learning

Personal Development

Mentorship

Retaining Talent• Never Stop Recruiting Employees

• Create a culture of referral

• Identify high potential workers and fast track them

• Use analytics, technology and quantitative data to the extreme

Hi-Po Identification

Re-Recruiting

Internal Referral Programs

Analytics

What else should companies think about?

• New workforce structure - Contingent, Part Time, Flexible, Retained Experts, Consultants and On-Call workers

• Phased Retirement Programs - Valuable for both Gen Y and Boomers. Most ROI for businesses.

• Loss of the “pink-collar” workforce - No longer will female dominated roles exist

Business Impact of NEXT Generation Business

Strategies

Results-Only Work Environment (ROWE) program allows certain corporate employees in to work virtually anywhere, anytime, as long as they successfully complete their assignments on time.

This shift increased productivity 41% at headquarters and had as much as 90% reduction in turnover.

Companies like 3M, HP & Google have set aside time for groups of their employees to focus on pet projects and innovations outside of their normal day to day role.

And for much success dating back to mid century - products like Post-it notes, GMail, HTML and AdSense have all come out of this innovation time.

It All Has to Work Together

Recruiting Managing

Developing Retaining

Sourcing

Employment BrandingCandidate Experience

Recruiting Onboarding Succession Planning

Team BuildingEmployee Engagement

Social Collaboration

Learning Personal Development

Mentorship Hi-Po Identification Re-Recruiting

Internal Referral Programs Analytics

New types of “Employee”

New Workday Structures

The Future Workforce: Prepare for Managing Talent

in 2020 & Beyond

Sarah WhiteFounder, Accelir

Sarah@Accelir.com