Future of Talent by Kevin Wheeler (presentatie 14 april 2014)

© 2014, Future of Talent Institute

NRC Carriere | The Netherlands April 2014

Presented by Kevin Wheeler

Future of Talent Trends 2014 & Beyond

© 2014, Future of Talent Institute2

38-40 million fewer workers with a college/postgraduate degree than needed. 13% more demand than supply.45 million too few workers with secondary education. 15% fewer than needed.90-95 million low-skill workers (without college or secondary education) than employers will need. 11% oversupply.

State of Global Labour Supply

Source: http://www.mckinsey.com/insights/employment_and_growth/the_world_at_work

© 2014, Future of Talent Institute

Conflicting Worlds. . .Make all the Difference for HR

Serial ProcessingPlanningMindset: permanenceComplicated worldPast & future similar

Whenever

Real time processing/StreamingIntuitionMindset: all is transitoryChaotic WorldPast & Future different

Now

3

© 2014, Future of Talent Institute

Rise of Career Mosaics

Sustainability

Just enoughValues

Spirituality

FunOpenness

Meaning

Entrepreneurial Mindset Dominates

GUIDING PRINCIPLE: Deliberate CHOICE rather than social pressure.

4

Yahoo survey shows 60% of

Americans unhappy with

career choice

DEFINE SUCCESSEMBRACE TRAIL & ERROR

DISCOVER YOUR STRENGTHS

© 2014, Future of Talent Institute

The Augmented Individual

Internet & software are augmenting the human mind

The “Engine” of the 21st Century

5

“Every experience is being mediated and conceived around how it can be captured and augmented by our devices." Mathias Crawford, Stanford University

© 2014, Future of Talent Institute

Social Power of Automation & Robotics

-McKinsey Global Institute.

6

Capital is substituting for Labour

© 2014, Future of Talent Institute7

What’s the Probability YOUR Job will be Automated? H

IGH

LY LIKELYNOT LIKELY

© 2014, Future of Talent Institute

Beyond WordsVideo, Texting, IM

, Twitter

Shift away from lengthy discourse

wor

ds to

con

text

Changing nature of communication

“People of the Screen”

Video/Images dominates: Netflix, YouTube, Instagram

8

© 2014, Future of Talent Institute

“Employees will work in more decentralized, specialized firms, and employer-employee relationships will become less standardized and more individualized.” -Rand Report, Future Work Trends, 2004

Lower cash investment needed

Smaller, Leaner, networked Firms

Fun, satisfying, meaningful

Lower cost structure

-Collaborative partnerships-Virtual organizations-Co-work

New Ways of Organizing Work

Core Employees

Core Employees

Partners

Consultants

Customers

Suppliers

Temps

9

© 2014, Future of Talent Institute

The industrial age separated people, organized them into functions and silos that actually prohibited sharing and, hence, in many ways inhibited invention and innovation.

New organizational structures are emerging.

10

Firms will need people with broad, diverse skills who can learn quickly,

© 2014, Future of Talent Institute

11

Recruiting Trends

© 2014, Future of Talent Institute

Agile Recruiting Becomes VitalAbility to meet client needs as

fast as (or faster than)

expectations.

Systems built for flexibility

and quick change.

Proactive sourcing – able to anticipate

market direction.

Capable of quickly assessing

candidates through

automated tools.

Lower costs; remain

profitable.

AGILE RECRUITING

© 2014, Future of Talent Institute

Market Knowledge Drive Profits

SUPPLY TIMEDEMAND MONEY

Economy, Demographics, Workforce, Workplace

Hot Jobs, Hot Sources, Hot Clients

© 2014, Future of Talent Institute

Social Media is key to candidate awareness and engagement.

14

© 2014, Future of Talent Institute

15

© 2014, Future of Talent Institute

16

Social Media Influence

16

© 2014, Future of Talent Institute

Gamification

Seamless User Interfaces

Apps

Candidates & Hiring Managers are Center

MicroXctions

Mobile Grows Exponentially

17

© 2014, Future of Talent Institute

The rise of mobile

“23% of all Google

searches that contain

the word ‘job’ come

from mobile devices.”

http

://ww

w.so

cialta

lent

.co/

reso

urce

s

In a survey from Glassdoor, 89% of employees who admit they’ll look for a new job in the next year say their mobile device is an important tool and resource for their job search.

55% of adults have a smartphone.http://pewinternet.org/~/media//Files/Reports/2014/PIP_E-reading_011614.pdf

© 2014, Future of Talent Institute

Employers will make decisions about candidates based on everything about them on the web.

© 2014, Future of Talent Institute

Candidates will Showcase Their Skills

20

© 2014, Future of Talent Institute

Assessment will go Automated

21

© 2014, Future of Talent Institute

Sourcing will be about drawing information from candidate data

22

”The web is your CV and social networks are

your references.”

Search will be composed of a mix of structured and unstructured, aggregated and integrated data, streaming and static data.

© 2014, Future of Talent Institute23

Big Data Sourcing Tools

© 2014, Future of Talent Institute

What’s Possible in 3-5 Years?

Aggregation and Intelligent Analysis of multiple, seemingly unrelated datasets.Access to vast amounts of unstructured data.Ranking of quality/trustworthiness/and other factors based on recorded behaviors.Ability to prescribe who would best fit a need based on multiple past searches and probability analysis.Includes video and audio data

© 2014, Future of Talent Institute

25

© 2014, Future of Talent Institute

Recruiting becomes a DYNAMIC, all-the-

time, process of scanning, analyzing,

and assessing for. . .

Using…. -Social Networks -Collaborative sourcing -Assessment Games -Job Previews -Analytics -Crowd Assessment

Jobs that are DYNAMIC, evolving, global and highlyvaried.

© 2014, Future of Talent Institute

Typical Worker 2020-2024• Half of workforce Typical workers is 35. Has

never had a “normal” job or has had one briefly.

Valued by network with strong social influence scores and endorsements.

• Finds work via skills marketplaces, peer networks, collaboration, social media.

• Recruiting is about matching, fit, “now needs,” “now fulfillment.”

• Mobile, wearable tools abound

27

© 2014, Future of Talent Institute

Typical Worker 2020-2024

• Cycles between projects & longer term contracts.

• Expects to be guided by process and goals, not a manager.

• Self-learning dominates.

• Measure of success is peer respect, goal achievement (performance), and flexibility.

• Performance measured by social media, web presence, peer comments, analysis of work output.

• Workplace may be anywhere - mobile/fixed/remote/virtual.

28

© 2014, Future of Talent Institute

www.futureoftalent.org

Kevin WheelerFounder & Chairman

kwheeler@futureoftalent.org

Follow me on Twitter: @kwheeler

29