future of work - its impact on our industry
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Presentation by Kevin Wheeler at the recent European Job Board ConferenceTRANSCRIPT
THE FUTURE OF WORK Its impact on our industry
Presented by Kevin Wheeler European Job Board Summit
LONDON -November 2012
Rules of Business Have Changed
© 2012, Future of Talent Institute
Money Meaning
Career Experience
Control Choice
Opportunistic planful
Permanent work
Project work
2
Trends in Population Growth Worldwide
Population Increase and Growth Rate, Five-Year Periods
7987
82 79 77 75 73 69
0
10
20
30
40
50
60
70
80
90
1980-1985
1985-1990
1990-1995
1995-2000
2000-2005
2005-2010
2010-2015
2015-2020
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
2
Net population added per year Annual population growth rate
Mill
ions
Perc
ent i
ncre
ase
per y
ear
Source: United Nations, World Population Prospects: The 2002 Revision (medium scenario), 2003.
Source: UN Population Forecast, 2001 revision
0
1000
2000
3000
4000
5000
2000 2010 2020
Urban
Rural
Millions
Urban Population will Grow
Two Worlds Colliding
• Choice • Flexibility • Opportunity • Pay for
performance
Free Agent
• Security • Career path • Predictable income • Camaraderie
Traditionalist
Everyone an entrepreneur
Fewer marriages, Fewer kids Less home ownership
Work/Life/Play intertwined
More free time
Big Trend
1
© 2012, Future of Talent Institute 6
Integration of doing
what you find fulfilling
- new concept of
prosperity.
GUIDING PRINCIPLE: Deliberate CHOICE rather than social pressure.
75 million unemployed
youth aged 15 to 24!
12.7% of Youth Unemployed Globally!
Very LOW & very HIGH
Education Levels!
Rise of Career Mosaics!
7
REAL Stability/security comes from -broad Education - many diverse skills - flexibility - change competence
“. . the new job security is alive and well and centered in you, not in a company.” -The New Job Security, Pam Lassiter
Job Security is YOU
© 2012, Future of Talent Institute
Collaboration
8
Big Trend
2 or crowdsourcing
– Work is more complex, ambiguous, and multicultural work
– Harder to find scarce talent – Harder to screen talent – Demand for greater innovation – No answers apparent for many
issues
© 2012, Future of Talent Institute
Collaborating to Find
Talent
• Candidates source Candidates • Employees source Candidates – Referral networks
• Online communities • Twitter & other social media • Social tools: find.ly
© 2012, Future of Talent Institute 9
Health & Happiness New concepts of prosperity and
success
10
Dimensions of Health
Big Trend
3 © 2012, Future of Talent Institute
© 2010, Future of Talent Ins7tute 11
12 © 2012, Future of Talent Institute
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Beyond WoRDS
15
Vid
eo, Tex
ting
, IM, Tw
itter
Shift away from lengthy discourse
Fro
m w
or
ds
to c
on
tex
t
Changing nature of communication
“People of the Screen”
Video/Images dominates: Netflix, YouTube, Instagram
Big Trend
4 © 2012, Future of Talent Institute
2013 and beyond?
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DOMINANCE OF
17
ASSESSMENT
MARKETING
RELATIONSHIP
SOURCING
EDUCATION
ENGAGEMENT
© 2012, Future of Talent Institute
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Social influence scores will be important
Focus on:
© 2012, Future of Talent Institute
Huge shift to virtual/mobile-based recruiting tools and processes
APPS
MESSAGING
ASSESSMENT
VIDEO MARKETING
© 2012, Future of Talent Institute 19
cloud
Rise of Global RPO More recruiting will be outsourced as corporations
contain costs, drive QUALITY, and decrease in size.
CORP Coordinators &
STRATEGIC RECRUITERS
RPO & Specialized Services
Agencies, Consultants
© 2012, Future of Talent Institute 20
Use of Simulations & gaming
21 © 2012, Future of Talent Institute
Move away from detailed/Text-based job descriptions
22 © 2012, Future of Talent Institute
Job boards?
• Evolve to engagement platforms, social networks.
• Leverage video, real-time communications.
• Screen & assess – using gaming and simulations.
© 2010, Future of Talent Ins7tute 23
• Perhaps offer immersive experiences.
• Coach & guide candidates
• suggest candidates and managers – via smarter analysis & crowdsourcing
© 2010, Future of Talent Ins7tute 24