Download - Peter Cheese, CEO, CIPD
Key drivers shaping our future
Technology and digital
Economic changes and nature of work
Workforce and demographics
UK workforce trends since the GFC
• 15% of total employment now self-employed
• 90% of the increase in the workforce is the 50+ segment, or 1.12m people
• High skill jobs (managerial, professional etc) account for 71% of employment rise
• 10% decline in average earnings in real terms since 2008
Sources: ONS, CIPD Research, E&Y
High job creation, low productivity and wages growth
Over the period 1998 to 2010 the share of private sector employment in the largest businesses (250+) fell from 50% to 40%. For the smallest (1 to 4 employees) it increased from 11% to 22%.
Source: BIS
‘Rethinking’ the workforce relationship
Voice Empowerment Recognition Support Playing to strengths
Meaning Purpose Well-being Energy! The extra mile Passion
Alignment Collaboration Shared values Commitment
Happiness….. and Trust
• Source• Attract• Select• Orient
• Build skills• Develop• Reward• ProgressWelcome to our Company
Orientation begins here
So are our People Management practices good enough?
Where are your biggest challenges today? Where will they be tomorrow?
Are we focused enough on organisation and culture?
• Job design• Roles• Org structures• Operating models
• Managing change• Culture• Leadership• Capabilities
• Most business leaders believe that analytics is vital to identifying current and future skill gaps
• But only 15% believe HR is providing insightful analytics (KPMG survey 2013)
Too much data, not enough information
But not everything that can be counted counts…
Volume Velocity
Variety Veracity
Getting back to our roots…
Understanding human and organisational behaviour
NeurosciencePositive Psychology
Behavioural EconomicsSystems thinkingValues and ethics
….
Trust, Ethics and Morals
Empowerment
Trust
Ethics of Reason
Ethics of Care
Ethics of Obedience
Roger Steare: “Ethicability”
Need for a strategic response‘Content is king, but context is kingdom’
Business Strategy
Human Capital Strategy
HR Strategy
DrivesEnables
Enables Drives
• Business priorities• Business needs
• Talent and skills• Leadership • Organisation and operating
model• Culture
• HR capabilities• HR structure and operating model• Practices, policies & processes
Framework for Future of HR and People Development
Insight on Changing Context
Science of human and
organisational behaviour
HR & Learning Processes, Practices, Policies
Business, Commercial Insight, and
Analytics
Better work and working lives