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Social Media Adoption and Talent as a Service
 

Social Media Adoption and Talent as a Service

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Closing keynote at ASTD Learning 2.0 - Don't Get Left Behind

Closing keynote at ASTD Learning 2.0 - Don't Get Left Behind

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  • In US, more people belong to co-ops than own stock in the stock marketSauldCoop more than 25% of population – healthcare
  • http://www.workforce.com/section/06/feature/26/84/06/268420.htmlhttp://www.smallbizlabs.com/2010/06/the-structural-shift-to-a-contingent-workforce.htmlWorforce of One page 35Dept of Labor stats on Boomers
  • http://www.workforce.com/section/06/feature/26/84/06/268420.htmlhttp://www.smallbizlabs.com/2010/06/the-structural-shift-to-a-contingent-workforce.htmlWorforce of One page 35Dept of Labor stats on Boomers
  • Enter the Kardashev scale. In 1964, a Russian astronomer proposed a very clever scale for measuring a civilization’s level of technological advancement by estimating how effectively it can harness the energy progressively of our planet, our sun, and our galaxy. We have modified this model by replacing physical energy with the energy of human skills, and used it to assess corporate “civilizations” by their ability to effectively harness those skills. --
  • The IRI New Product Pacesetter Report ranks the best-selling new products in our industry in the U.S. every year. Over the past 14 years, P&G has had 114 top 25 Pacesetters — more than our six largest competitors combined. In the last year alone, P&G had five of the top 10 new product launches in the U.S. and 10 of the top 25.
  • http://www.workforce.com/section/06/feature/26/84/06/268420.htmlhttp://www.smallbizlabs.com/2010/06/the-structural-shift-to-a-contingent-workforce.htmlWorforce of One page 35Dept of Labor stats on Boomers

Social Media Adoption and Talent as a Service Social Media Adoption and Talent as a Service Presentation Transcript

  • Strategies, Models, and Roles
    Social Learning
    Social Media Adoption,
    The Water Wheel, and
    Talent as a Service
    David Wilkins
    VP of Research
  • Total Registered Solvers: Approximately 250,000 from nearly 200 countries
    Total Solver Reach: More than 12 million
    Total Challenges Posted to InnoCentive.com: More than 1,200
    Project Rooms Opened to Date: 339,726
    Total Solution Submissions: 24,256
    Total Awards Given: 866
    Total Award Dollars Posted: $27.7 million
    Range of awards: $5,000 to $1 million based on the complexity
    Total Dollars Awarded: $7 million
    Average Success Rate: 50%
    Innocentive
  • Prize4Life Awards $1 Million Prize for Major Milestone in ALS Research
    Oil Industry Outsider Solves Oil Spill Recovery Challenge
    “Within the oil spill response industry, there are a limited number of people to work on these problems,” says Scott Pegau. “If this Challenge were easily solved by the people within the industry, it would have been solved earlier. I’m fascinated to see that our winning solution uses related technology found in the concrete industry, we would never have found this through our regular RFP process. The InnoCentive Marketplace allows us to step outside the box and look at more creative solutions.”
    Solver Lights Up African Villages
    “This light is designed to work for up to 20 years without breaking. McMahon said part of his motivation for working on this Challenge was the role he could play in helping those who are the most in need.”
    Innocentive
  • Co-ops
    In US, more in coops than stock market
    IN Columbia, 25% of HealthcareL3C companiesLow profit, limited liability
    (modest profits, real goal social benefit)
  • 11,000 boomers turn 60 every day
  • Boomer Life Expectancy
    • Boomer life expectancy is 83
    • A 65 year old today has a 25% chance to live to 92
    • Living longer means you live longer
    • A significant portion of Boomers will have 30 years of retirement
    • But most won’t: 83% plan to keep working, 56% want to work in a new profession
    Contingency
    • Only 6% of Boomers want to work full-time
    • 30% of the workforce is contingent
    • In 2009, 35% of employers planned to increase this by 50% or more
  • Technology
    • Next gen fiber optics push 10 trillion bits a second
    • Machine translation is close to viable
    Global Talent
    • By 2020, China will be the largest English-speaking country in the world, India 2nd
    • There are more honors students in both countries than there are students in US
    • Virtual work is up 1800% over the last 2 years
  • What Does it Mean?
  • Talent as a Service – TaaS
    “Pair this with the theory that motivation comes from autonomy, mastery and purpose and suddenly any enterprise bidding for the best and brightest will either have the world as a pool of candidates (ready to work for peanuts towards a noble goal) or be forced to pay high prices for talent…”Jennifer Charon on HR Technology Conference group on LinkedIn
    Running companies like consultancies with world-class talent mobility
    Tapping clients, partners, public for ideas
    Fundamentally rethinking talent and it’s application to problems
    The KardashevLens
    “Type 0 corporation can harness a portion of its workers skills.Type 1 corporation can harness all the skills of its company. Type 2 corporation can harness the skills of its industry. Type 3 corporation can harness the skills of the entire planet”Wayne Regan on HR Technology Conference group on LinkedIn
  • ….we multiply our internal innovation capability with a global network of innovation partners outside P&G. More than half of all product innovation coming from P&G today includes at least one major component from an external partner.
    Proof – P&G
    http://www.annualreport.pg.com/annualreport2009/letter/strength.shtml
  • You won't have to depend on the CEO anymore. We now have a
    whole pool of talent who can lead these working groups, like mini CEOs and COOs. We're growing ideas, but we're growing people as well. Where I might have had two potential successors, I now have 500.
    Proof – Cisco
    http://www.fastcompany.com/magazine/131/revolution-in-san-jose.html?page=0,0
  • Learning Implications
    • Think BIGGER! Think B R O A D E R!
    • The line between inside and outside is blurring.
    • The line between learning, communication, and knowledge is fading.
    • You need to enable and empower more and teach less.
    • Scale and speed requirements only going up. Think long-tail & wisdom of crowds…
    You Implications
    • If you like training, keep doing what you are doing – you’ll still be needed.
    • You are incredibly strategic, but you don’t know it. Teach a man to teach.
    • If you want more, now is the time. Carpe Diem
  • Your thoughts