#ATC2014 Kevin Wheeler's Fearless Forecast- Workforce 2014 & Beyond
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#ATC2014 Kevin Wheeler's Fearless Forecast- Workforce 2014 & Beyond

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Kevin Wheeler Founder & Director, Future of Talent Institute - ...

Kevin Wheeler Founder & Director, Future of Talent Institute -
Improving economies, the dominance of social media, and new technologies are creating a tsunami of change that will make many recruiting skills obsolete in 2015. Learn which ones are losing importance, and get a glimpse of the skills required for the future of this industry. This presentation will leave you with food for thought on the following trends:
• The rise of social business;
• Everyone an entrepreneur;
• Deep, deep knowledge and big data;
• Co-creativity and innovation; and
• New definitions of prosperity and health.

You can see a graphic facilitation of Kevin's session on pinterest here http://bit.ly/1vDr2KG

Photos from the conference can be found here
http://bit.ly/1t3HAzv

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#ATC2014 Kevin Wheeler's Fearless Forecast- Workforce 2014 & Beyond Presentation Transcript

  • 1. © 2014, Future of Talent Institute ATC 2014 | Sydney Presented by Kevin Wheeler Fearless Forecast Workforce 2014 & Beyond
  • 2. © 2014, Future of Talent Institute Data Analysis Capability Growth Automation Agility Morphing Workforce 5 Key Focus Areas 2
  • 3. © 2014, Future of Talent Institute 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 3 Source: http://www.mckinsey.com/insights/employment_and_growth/the_world_at_work
  • 4. © 2014, Future of Talent Institute 4
  • 5. © 2014, Future of Talent Institute 5
  • 6. © 2014, Future of Talent Institute IPOs per year in the US 800 700 600 500 400 300 200 100 0 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
  • 7. © 2014, Future of Talent Institute
  • 8. © 2014, Future of Talent Institute Two-Thirds of Work is Done Outside of Organisational Workspace 8 Corporate Office 35% Co-Working/Cafe 35% At Home 35% Growth is here
  • 9. © 2014, Future of Talent Institute 9
  • 10. © 2014, Future of Talent Institute The Augmented Individual Internet & software are augmenting the human mind The “Engine” of the 21st Century 10 Fewer people, doing more, with less.
  • 11. © 2014, Future of Talent Institute 11
  • 12. © 2014, Future of Talent Institute 12
  • 13. © 2014, Future of Talent Institute Social Power of Automation & Robotics -McKinsey Global Institute. 13 Capital is substituting for Labour
  • 14. © 2014, Future of Talent Institute 14 What’s the Probability YOUR Job will be Automated? HIGHLYLIKELYNOTLIKELY
  • 15. © 2014, Future of Talent Institute Ability 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.
  • 16. © 2014, Future of Talent Institute 16 That Will Change Everything
  • 17. © 2014, Future of Talent Institute Social Media & mobile are key to candidate awareness and engagement. 17 Instagram Reddit LinkedIn Yammer Pinterest
  • 18. © 2014, Future of Talent Institute Co-Working Spaces 18 Massive Open Online Course Augmenting Sourcing Referrals
  • 19. © 2014, Future of Talent Institute Employers will make decisions about candidates based on everything about them on the web.
  • 20. © 2014, Future of Talent Institute Candidates will Showcase Their Skills 20
  • 21. © 2014, Future of Talent Institute 21 21stCenturyResume
  • 22. © 2014, Future of Talent Institute 22 Redesigning Screening
  • 23. © 2014, Future of Talent Institute Assessment will go Automated 23
  • 24. © 2014, Future of Talent Institute Reinventing & Automating Relationship 24
  • 25. © 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. Automation of sourcing, assessment and most engagement. Ability to prescribe who would best fit a need based on multiple past searches and probability analysis
  • 26. © 2014, Future of Talent Institute Sourcing & assessment will be about drawing information from candidate data26
  • 27. © 2014, Future of Talent Institute 27
  • 28. © 2014, Future of Talent Institute Jobs that are DYNAMIC, evolving, global and highly varied.
  • 29. © 2014, Future of Talent Institute Typical Worker 2020-2024 Half of workforce is Gen Y. Typical workers is 35. Has never had a “normal” job or has had one briefly. Assessed & valued by their network with strong social influence scores and endorsements. Finds work via skills marketplaces, peer networks, referrals, collaboration, social media. Recruiting is about matching, fit, “now needs,” “now fulfillment.” Mobile, wearable tools abound 29
  • 30. © 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. 30
  • 31. © 2014, Future of Talent Institute 31 THANKS YOUR THOUGHTS & QUESTIONS Follow me on Twitter: @kwheeler Follow ATC: @ATCEvent