Download - Global hr excellence conference kl 2013
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Integrating human capital investment into your business strategy to ensure the organization is best prepared to anticipate and adapt to change
Jayesh Menon , Oct 2013, KL, Malaysia
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My offer to you
A glimpse about Itron
A bit of my thoughts on human capital investment
A chance for you to share your views
And finally…. For those who find it boring… a nice nap*
* conditions apply
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3
LOCATIONS
80COUNTRIES
35105mENDPOINTS
8,000CUSTOMERS IN 130 COUNTRIES
9,500EMPLOYEES
Operating as one of the largest players in the energy and water space for utilities
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Welcome to the world of OH-MYGOATS
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Some crispy grass facts about OH-MYGOATS
• A leader in the industry
•Ranked amongst “gotune” most admired companies
•Had a steady growth and the stocks are at all time high
•Run by a well managed leader
•Well established in the “developed world”
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Until one day…..•The markets Crash
•The stocks go down
•Famine and draught stuck
And…….
The board finds the whole management team non competent to manage the new situation
So they did the obvious…… sacked the CEO and went out to the market to hire a new one
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They bring back Mr G•Wise and Talented
•Industry think tank
•Known for execution
•Mature in age and actions
•Control freak
• Great past record for bringing in collective productivity for his milk farms
•Was the previous CEO
•The analysts love him
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Mr G gets cracking
Brought in a few of his fellow buddies like the lone Ranger, Mr I know it all etc because he has worked with them in the past
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Weighed in heavily on cost control
• Retrenchment• Employee Trainings were cut• No new hires
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The results…..
The analysts were happy……
• The stocks went up
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Until………….
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Competition started coming up……
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Ne w technologies
And emerging markets
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And the results….
• High attrition• Lack of productivity• Inability to cope up with cultural and
generational differences.
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So what did we learn?
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Work Force Strategy Formulation
Organizational Transformation
Human Resources StrategyHR Transformation
Time to EngagementTime to PerformanceTime to Acquisition
Competitive Arena
Competitive Arena
WorkforceDemographics
WorkforceDemographics
Political Environment
Political Environment
External Environment
CultureCulture
Organizational Structure
Organizational Structure
Organizational Domain
Purpose & GoalPurpose & Goal
Business Strategy
Business Strategy
ManagementProcess
ManagementProcess
Business Structure
HR Transformation
Values & LeadershipTraits
Values & LeadershipTraits
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Human Capital Planning
Strategic workforce( not just goats) planning
Workforce Analytics
Budget Driven
Quantity Quallity Location
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18
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Workforce Demographics
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Generation Population % Of World Population
Gen Y - 15-29 years old 1,723,911,077.00 25.47
Gen x - 30-44 year old 1,442,951,791.00 21.32
Baby Boomers - 45 - 64 years old 1,233,836,150.00 18.56
Traditionalists - 65-74 years old 316,330,067.00 4.67
• By 2025 Gen Y will make up 75% the workforce
•Companies are still run by Baby boomers with “generational gaps”
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ITRON OVERVIEW / 21
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STONE AGE DID NOT END BECAUSE
THERE WERE NO MORE STONES LEFT
THANK YOU