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Frequently Asked Ques6ons
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Sarah Sladek Founder XYZ University
Workforce 2020
WORKFORCE
On a scale of 1 to 5, 5 being the most and 1 being the least, how confident are leaders are feeling about your organization's future? 5 - Extremely confident 4 - Very confident 3 - Somewhat confident 2 - Barely confident 1 - Not confident at all
DECLINING ECONOMY
CHANGING TECHNOLOGY
DEMOGRAPHIC SHIFT
Composition of US Workforce 2005 2010 2015 2020
Silent 18% 8 0 0 Boomers 42 38 30 23 Gen X 22 22 22 22 Gen Y 18 32 39 43 Gen Z 0 0 4 12
They have no concept of loyalty. They don’t plan for the future. They want constant feedback. They want everything online. They don’t value experience. They can’t make decisions. They have no work ethic. They aren’t reliable. They’re demanding. They’re annoying. They’re lazy.
Half of global population under 30
43% workers ages 35+ currently working for younger boss
64% of Milennials feel unprepared
when assuming leadership roles
90% of new hires will be Gens X, Y, Z
in 2020
in 2020
Average # of jobs
college educated workers will have
40% of workforce will be
freelancers, temps, independent contractors, solopreneurs
in 2020
Hiring demand will exceed U.S. talent supply
especially in STEM fields
in 2020
Baby Boomer 1946-1964
Generation X 1965-1981
Generation Y 1982-1995
Generation Z 1996-2012
values, culture, work redefined
my industry redefined?
my job redefined?
Baby Boomer 1946-1964
Generation X 1965-1981 -------------------------
Generation Y 1982-1995
Generation Z 1996-2012
Baby Boomer 1946-1964 Generation X 1965-1981
------------------------- Generation Y 1982-1995 Generation Z 1996-2012
Next Generation Employers of Choice
What does the emerging market need and value
most?
Which of the following statements is true about your workforce? 1. We struggle the most with retention of people under the age of 35. 2. We struggle the most with recruiting people under the age of 35. 3. We don't have anyone under the age of 35 working for us.
WHY THEY
Understandingthe
billion-dollar
Millennialemployee
turnoverepidemic
Whyit’shappeninga
ndwhattodoaboutit
ASpecialReportFromXYZUniversity
BySarahSladek&LaurenMitchell
August1,2016
Recessionistas
Digital Natives
Migrators
Migrators
84% make charitable donations
77% volunteer
“More than 85% of Gen Y link commitment to a cause
to their purchasing decisions and their willingness to recommend
a company's brand to others.
How does working here make a difference in
employees’ lives?
Trophy Kids
Millennial Values
72% Want a job where they
can make an impact
71% Seek
meaningful relationships
at work
60% Want
personal fulfillment from jobs
Prioritize Emerging Talent
Prepare for Diversity
Collaborate
Innovate
Foster an Entrepreneurial Environment
Provide skills training
Put people first
Practice social responsibility
Master the art of adaptation
20% Project Career coaching
Parental leave & take-out Free organic meals
TGIF and team building Valuable stock options
Idea sharing Wellness Purpose
Plan for the future
“Nothing in companies is as blinding as a
strategy, an approach, a product line that has
worked before. …
What can we do that’s a
generation better?”
They have no concept of loyalty. They don’t plan for the future. They want constant feedback. They want everything online. They don’t value experience. They can’t make decisions. They have no work ethic. They aren’t reliable. They’re demanding. They’re annoying. They’re lazy.
WORKFORCE
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