Tackling the Talent Challenge

Investing in Utah’s Future

technology breakfast

Welcome April 28, 2006 ‘ Tackling the Talent Challenge’ technology breakfast

Announcements technology breakfast

Pat Vaughn Talent Access Programs (TAP) Governor’s Office of Economic Development goed.utah.gov technology breakfast

Economic Revitalization Plan

Revamp Utah’s Tax Structure

Improve the Competitive Environment for Small & Medium-Sized Businesses

Recruit Business to Our State

Attract More Capital

Promote Growth In Target Industries

Capture Global Opportunities for Utah Companies

Enhance Utah’s National & International Image

Promote Tourism

Energize Economic Development In Rural Communities

Make State Government More Efficient

Hiring Climate

Today’s Hiring Climate

Panel of professionals

Look from 10,000 feet

Hear various aspects

Gain understanding of the challenges ahead

Panel

Dr. Tamara Goetz

David Spann

Dennis Wood

Lorina A. Tester

Dr. Tamara Goetz

Utah Life Science Industry Meeting the Workforce Challenges of a Growing Industry

Challenges for Growing the Utah Life Science Industry

Meeting workforce demands

Existing companies

New start-ups

Responding to changing needs

Laboratory technician

Biomanufacturing technicians

Creating a diverse workforce

Multiple entry/exit points

Dual training

Investing in Utah’s “homegrown” talent

Bridging Education and Workforce Development Academic Training Program Workforce Development InnovaBio

2-year Biotechnology degree

Theoretical

Technical

Industry-based research

Innovation

Entrepreneurship

Mutual added value

Industry demands met

Competitive students

The Return on Investment

Academic program

42 college graduates

>600 high school students

4-year partnerships

Biomanufacturing track

InnovaBio

7 contracts

50 interns

Replication

Student innovation and entrepreneurship

David Spann

Agile Adaptive Management translating innovation into business value, quickly

Snowbird 2001: Agile software development begins

Westminster College 2002: first Agile conference

MBA Director, consultant to UITA, ULSA, CAM and Executive Coach

Agile Adaptive Management 2006: helping organizations, executives and teams translate innovation into business value, quickly

UITA Management Research Project 2004

2004 UITA Management Research Project Ability and Effectiveness to Develop, Retain and Attract Management Talent in Utah's Technology Sector (1 is low, while 10 is exceptional; Scores are Median: 1/2 above and 1/2 below) Note: David Spann was with the Ralston Consulting Group when this research project was conducted. 6 8 5 Effectiveness 9 9 9 Importance Attracting Retaining Developing

A Forester’s View of Retention Experience Lasts

Dennis Wood

Tackling the Talent Challenge Presented by Dennis Wood

Venture Capital is Risk Management Deal/ Company Structure Risk Market Risk Technology Risk Management Risk “ The right leadership and ‘gene pool’ is the most important thing to a company’s success. The CEO’s thirst for talent and his (or her) salesmanship in recruiting talent and building teams are key to determining the future of the company.” -Vinod Khosla, KPCB Management Risk

v|Spring Human Capital Strategy Candidate Aggregation

Partners, LP’s, Advisors, Portfolio Executives

Venture Forums, Universities, Tech-

vSpring Talent Database transfers, Service Providers, Other VC’s & Companies, etc. Candidate Dissemination vSpring Portfolio & Future Investments CRM Database, Director of HC