A Perfect Storm Jamie Davies MrTed Ltd December 2008

The Perfect Storm perfect storm refers to the simultaneous occurrence of events which, taken individually, would be far less powerful than the result of their chance combination.

perfect storm refers to the simultaneous occurrence of events which, taken individually, would be far less powerful than the result of their chance combination.

Perfect Storm in Talent Management Simultaneous occurrence of events Demographics : Workforce is shrinking Knowledge Economy : People make the difference Global Economy : Global workforce Reduced average tenure : no job for life Global Economic downturn : uncertainty

Simultaneous occurrence of events

Demographics : Workforce is shrinking

Knowledge Economy : People make the difference

Global Economy : Global workforce

Reduced average tenure : no job for life

Global Economic downturn : uncertainty

What does that mean for a recruiter ? The face of a 21st century recruiter

Perspective One thing is sure. The earth is now more cultivated and developed than ever before. There is more farming with pure force, swamps are drying up, and cities are springing up on unprecedented scale. We’ve become a burden to our planet. Resources are becoming scarce, and soon nature will no longer be able to satisfy our needs.” Quintus Septimus Florens Tertullianus, Roman theologian, 200 B.C.

One thing is sure. The earth is now more cultivated and developed than

ever before. There is more farming with pure force, swamps are drying

up, and cities are springing up on unprecedented scale. We’ve become a

burden to our planet. Resources are becoming scarce, and soon nature

will no longer be able to satisfy our needs.”

Quintus Septimus Florens Tertullianus, Roman theologian, 200 B.C.

Perspective “ Forget China, India and the Internet: Economic growth is driven by women.” “ Women are not exploited enough: they are the world's most under-utilized resource.” April 2006 issue of the Economist “ Women earn 60% of bachelor's degrees and master’s degrees and 50% of PhDs. By 2017, 2/3s of all college students and degrees will go to women.” Source: U.S. Census Bureau's American Community Survey

“ Forget China, India and the Internet: Economic growth is driven by women.”

“ Women are not exploited enough: they are the world's most under-utilized resource.”

April 2006 issue of the Economist

“ Women earn 60% of bachelor's degrees and master’s degrees and 50% of PhDs.

By 2017, 2/3s of all college students and degrees will go to women.”

Source: U.S. Census Bureau's American Community Survey

Perspective Boomers - Seek security, Loyal and traditional, Will stay in the workplace in greater numbers than thought. But will. . . want flexible working hours, change the type of work they do/profession. be more entrepreneurial. Gen X - Form the core work group, and core leadership team and will do so for the next decade. But they.. . Are hard to please & h ave little to no loyalty. Will leave for money, title, Power & Seek family-friendly organizations Gen Y - Project-focused, Rewards for results – not time Self-employed by Choice with m any are seeking to be their own boss – or work in smaller organizations. Corporate life looks unattractive them. Gen M – mobile. Everything is anywhere, anytime. Short focus Watchwords =Fast, fun, fluid

Boomers - Seek security, Loyal and traditional, Will stay in the workplace

in greater numbers than thought. But will. . .

want flexible working hours, change the type of work they do/profession.

be more entrepreneurial.

Gen X - Form the core work group, and core leadership team and will

do so for the next decade. But they.. .

Are hard to please & h ave little to no loyalty.

Will leave for money, title, Power & Seek family-friendly organizations

Gen Y - Project-focused, Rewards for results – not time

Self-employed by Choice with m any are seeking to be their own boss

– or work in smaller organizations.

Corporate life looks unattractive them.

Gen M – mobile. Everything is anywhere, anytime.

Short focus

Watchwords =Fast, fun, fluid

Perspective Source – Quantcast 2008

Questions & Comment What are you seeing in your company/market place? How have things changed from two/one year ago? At a personal level - what’s the biggest change you have seen so far in your career? Can you be proactive and relationship based instead of transactional and reactive in your resourcing approach? Do you have any specific branding, attraction strategies etc for the various generations? What has been the impact of social networks on your resourcing strategies? How many of you can say you have complete transparency, consistency and control of your resourcing?

What are you seeing in your company/market place?

How have things changed from two/one year ago?

At a personal level - what’s the biggest change you have seen so far in your career?

Can you be proactive and relationship based instead of transactional and reactive in your resourcing approach?

Do you have any specific branding, attraction strategies etc for the various generations?

What has been the impact of social networks on your resourcing strategies?

How many of you can say you have complete transparency, consistency and control of your resourcing?

Context Summary We are in a big storm now most people aren’t prepared

We are in a big storm now most people aren’t prepared