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Life Sciences Think Tank
 

Life Sciences Think Tank

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Talent is the true differentiator in the 21st century. Organizations need to align their talent acquisition and management strategies with the broad megatrends affecting the talent market. This Tank ...

Talent is the true differentiator in the 21st century. Organizations need to align their talent acquisition and management strategies with the broad megatrends affecting the talent market. This Tank Tank allowed HR leaders from the top Life Sciences organizations to discuss what they are doing to attract and retain their top talent

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  • Angela Hills
  • Greg Summers
  • Greg SummersClearly, as these mega trends impact the talent market, organizations need to rework their talent acquisition and retention strategy tostay ahead of these trends and create a competitive advantage.As these mega trends play out, it is increasingly becoming clear that organizations that are able to understand, create, and execute on the linkages between talent, both internal and external, with the business outcomes, meaning driving shareholder and customer value, will have a sustainable competitive advantage that are all hinged on their talent strategies.
  • Greg Summers
  • Greg SummersBenchmark calls identified a struggle to follow best practices for determining:How do I identify which skills/competencies are business critical to my organization – and put a process in place to continually reevaluate. Where do I find people with those identified skills?How do I use talent landscape and competitive talent information to make more intelligent choices in my recruitment plan?What do you build vs. buy?What are you finding are the most difficult to find and therefore must develop?How do I attract people of interest into my pipeline and ensure we are using it as a scalable bench of talent?How do I keep individuals warm as sometimes ability to hire (timeliness) is determined by government approvals of new products and not in our control?Are you building talent communities?Better for some jobs over others?Challenges.Facilitation Best Practices“I want to make sure we hear from everyone…”“So many things to cover, but to keep us on track.”
  • Angela HillsBenchmark calls also identified the desire for best practice sharing on: What parts of the talent acquisition and management processes should be centralized and which should be left to local oversight and execution.How do I leverage/reassign local talent to maximize global opportunities?How can I respond to turnover concerns (particularly losses to competitors) by promoting the opportunities that a global/local model can provide?
  • Angela Hills
  • Angela HillsTalent is clearly the true differentiator in the 21st centuryOrganizations need to align their talent acquisition and management strategies with the broad megatrends affecting the talent marketThe success of Recruitment Process Outsourcing (RPO) in creating value for buyers is evidenced by the rapid growth of this market over the last few yearsThe rapid growth of the first phase of RPO (RPO 1.0) was driven by the ability to meet key needs of the buyers around the most direct and measurable benefits andaddresses the easily measurable/quantifiable cost and business impact of RPOThe next phase of RPO, RPO 2.0, involves considering the more holistic approach, including nuanced and granular aspects of cost and business impact as well as the strategic impact of RPO

Life Sciences Think Tank Life Sciences Think Tank Presentation Transcript

  • Life Sciences Think Tank Welcome! November 5, 2013 Content Property of Pinstripe, Inc. 1
  • Angela Hills Greg Summers Executive Vice President Pinstripe & Ochre House Senior Vice President Pinstripe & Ochre House
  • Twitter Introductions All about you in 140 characters! Content Property of Pinstripe, Inc. 3
  • Today’s Agenda Content Property of Pinstripe, Inc. 4
  • Setting the Stage Content Property of Pinstripe, Inc. 5
  • Macro Trends Volatility Compliance Pressure on Margins Generation & Skills Gaps Technologies & Innovation Globalization Content Property of Pinstripe, Inc. 6
  • Macro Trends Impact on Talent Strategies Content Property of Pinstripe, Inc. 7
  • Welcome to the New Normal! Content Property of Pinstripe, Inc. 8
  • Discussion Topic 1 How to identify, pipeline and hire for business critical skills & competencies. Content Property of Pinstripe, Inc. 9
  • Building Global Capabilities Eileen Kovalsky, Bristol-Myers Squibb Content Property of Pinstripe, Inc. 10
  • Discussion Topic 2 Determining global/local mix. Content Property of Pinstripe, Inc. 11
  • Conclusion Content Property of Pinstripe, Inc. 12
  • Talent Strategies Evolution Content Property of Pinstripe, Inc. 13
  • Thank you! Content Property of Pinstripe, Inc. 14