Talent Forward

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In this volatile and unpredictable world is your organization ready for whatever comes next? HR has a big role in preparing their organizations for the future.

In this volatile and unpredictable world is your organization ready for whatever comes next? HR has a big role in preparing their organizations for the future.

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  • 1. 2013 Opening Remarks Zeitgeist “the defining spirit or mood of a particular period of history as shown by the ideas and beliefs of the time …”
  • 2. A year ago we gathered here in Milwaukee … And the defining world events included … 2 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 2
  • 3. Today, as we reflect on the world we live in … What sticks with us … ? 3 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 3
  • 4. 4 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 4
  • 5. 5 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 5
  • 6. 6 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 6
  • 7. 7 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 7
  • 8. 8 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 8
  • 9. 9 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 9
  • 10. 10 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 10
  • 11. 11 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 11
  • 12. 12 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 12
  • 13. What’s happened … What’s happening … What’s going to happen? How will you meet these challenges? Is your organization up to it? 13 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 13
  • 14. New Era of Increased Global Volatility 14 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 14
  • 15. And this was before the Fukushima 15 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 15
  • 16. Why Does Volatility Matter? Change in Operating Performance Following Supply Chain Glitch: 16 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 16
  • 17. Why Does Volatility Matter? Impact of Supply Chain Disruptions on Shareholder Value: 17 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 17
  • 18. 18 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 18
  • 19. Global Disruptions – 4 Categories • Environmental • Geopolitical • Economic • Technological 19 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 19
  • 20. Global Economic Losses as a Percentage of Global GDP 20 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 20
  • 21. Global Economic Losses by Peril 21 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 21
  • 22. Commodity Price Index History 22 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 22
  • 23. Baltic Dry Index 23 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 23
  • 24. So our economy is recovering … 24 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 24
  • 25. Dow Tops 15,000! 25 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 25
  • 26. S&P Hits Above 1,600! 26 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 26
  • 27. Foreign Markets Reach All Time Highs 27 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 27
  • 28. … what’s 28 Content Property of Pinstripe, Inc. happening to the jobs picture? Content Property of Pinstripe, Inc. 28
  • 29. 3,844,000 job openings in March 2013 29 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 29
  • 30. While Unemployment Duration Remains a Challenge 30 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 30
  • 31. EU Unemployment Rates 31 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 31
  • 32. Education Matters … U.S. Unemployment Rate By Education Level (Age 25+) 32 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 32
  • 33. And Healthcare … ? … when will we sort 33 Content Property of Pinstripe, Inc. it all out? Content Property of Pinstripe, Inc. 33
  • 34. In the US, it’s a Persistent Conundrum … Healthcare Spending Per Capita vs. Average Life Expectancy 34 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 34
  • 35. “It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.” - Charles Darwin 35 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 35
  • 36. HR’s Role to Prepare Our Organizations Organizational culture as “software.” Create focus out of ambiguity. Agility, flexibility are modern competencies. To be able to mobilize quickly. To compete and win in existing, new and often uncertain markets with rapidly shifting conditions … in our countries of origin and globally. • Talent Acquisition and Talent Management must live together. • Calls for flexible, scalable service delivery models. • • • • • 36 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 36
  • 37. HR in an Age of Disruption “Talent Economics” – sits at the intersection of Economics, the behavioral science dealing with how the forces to supply and demand allocate scarce resources, and Organization Development (OD), the HR practice area aimed at facilitating systemic change within organizations, and operates at the intersection of Macro Trends (which track the ebb and flow of talent within a market or industry system) and Micro Trends (which track how the economic contract between employee and employer is changing). 37 Content Property of Pinstripe, Inc. Talent Economics – Gayan Nagpal Content Property of Pinstripe, Inc. 37
  • 38. Talent Economics The global marketplace needs to STOP viewing the COMPETITION FOR TALENT as a problem that needs a solution. 38 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 38
  • 39. Talent Economics The employee is evolving, and the very CONCEPT OF EMPLOYMENT must evolve too. 39 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 39
  • 40. Talent Economics We must attract, retain, develop and manage a more aware, ASSERTIVE and MOBILE workforce. 40 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 40
  • 41. Talent Economics We must become forward-looking TALENT ECONOMISTS. 41 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 41
  • 42. All That Matters is Talent - The 2020 Plan Shift focus from finding the best, to the right talent. Build unconventional entry points for talent. Poach your own talent before the opposition does. Champion diversity of thought. Think outside in – what’s the real EVP? Let innovation thrive – right people, right environment, right incentives. • Create cerebral engagement – Do you have the environment for network contributors? • • • • • • Talent Economics – Gayan Nagpal 42 Content Property of Pinstripe, Inc. Content Property of Pinstripe, Inc. 42