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© Grant Thornton International. All rights reserved.Presented to Bangkok Entrepreneurs21 May 2013By Tom SorensenGrant Thor...
© Grant Thornton International. All rights reserved.I wish you could have been thereWhy should I come and work for you?
© Grant Thornton International. All rights reserved.ChinaSource: UN Statistics Division
© Grant Thornton International. All rights reserved.Singapore
© Grant Thornton International. All rights reserved.Japan
© Grant Thornton International. All rights reserved.Age at first marriage6.129.123.0France6.128.021.9Australia6.429.623.2G...
© Grant Thornton International. All rights reserved.Number of children per woman1.82.5Australia1.32.1Japan2.02.8New Zealan...
© Grant Thornton International. All rights reserved.Life expectancy• Japan 82.6• Hong Kong 82.2• Switzerland 82.1• Austral...
© Grant Thornton International. All rights reserved.LinkedIn killing the recruitment industry?• labour force 40 million in...
© Grant Thornton International. All rights reserved.Thailand
© Grant Thornton International. All rights reserved.The labour market dynamics are changing andtalent have multiple option...
© Grant Thornton International. All rights reserved.
© Grant Thornton International. All rights reserved.Employee value proposition• critical to attracting,retaining and engag...
© Grant Thornton International. All rights reserved.• why should anyone come and work for you?• why would someone, who is ...
© Grant Thornton International. All rights reserved.• why is doing this job at your company betterthan doing the same job ...
© Grant Thornton International. All rights reserved.Whats in it for me?• location / condition of premises• career opportun...
© Grant Thornton International. All rights reserved.Responses from your employees• why did you join thecompany in the firs...
© Grant Thornton International. All rights reserved.No company can consistently expand revenuesfaster than its abilityto a...
© Grant Thornton International. All rights reserved.Generations at work• Generation Y 35 – 20 years• Generation X 50 - 35 ...
© Grant Thornton International. All rights reserved.Do you sleep with your mobile phone?Who normally place their mobile ph...
© Grant Thornton International. All rights reserved.Social networking for business purposeProfile on social networking sit...
© Grant Thornton International. All rights reserved.US Bureau of Labor Statistics• Gen Y work 10-14 jobs by age 38• 1 in 4...
© Grant Thornton International. All rights reserved.• more women attend andgraduate from US universities• men make up only...
© Grant Thornton International. All rights reserved.7 strategies for retaining Gen Y• tribal behaviour: careers within car...
© Grant Thornton International. All rights reserved.The solution to demographicand generational changeis not a matter of m...
© Grant Thornton International. All rights reserved.Presented to Bangkok Entrepreneurs21 May 2013By Tom SorensenGrant Thor...
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Employee Value Proposition by Tom Sorensen - Grant Thornton - Bangkok Entrepreneurs - May 2013

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Employee Value Proposition by Tom Sorensen - Grant Thornton - Bangkok Entrepreneurs - May 2013

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Employee Value Proposition by Tom Sorensen - Grant Thornton - Bangkok Entrepreneurs - May 2013

  1. 1. © Grant Thornton International. All rights reserved.Presented to Bangkok Entrepreneurs21 May 2013By Tom SorensenGrant Thorntontom.sorensen@th.gt.com
  2. 2. © Grant Thornton International. All rights reserved.I wish you could have been thereWhy should I come and work for you?
  3. 3. © Grant Thornton International. All rights reserved.ChinaSource: UN Statistics Division
  4. 4. © Grant Thornton International. All rights reserved.Singapore
  5. 5. © Grant Thornton International. All rights reserved.Japan
  6. 6. © Grant Thornton International. All rights reserved.Age at first marriage6.129.123.0France6.128.021.9Australia6.429.623.2Germany6.428.121.7New Zealand6.629.522.9UKChange20051980National statistics
  7. 7. © Grant Thornton International. All rights reserved.Number of children per woman1.82.5Australia1.32.1Japan2.02.8New Zealand1.32.3Italy1.42.6Singapore20051975UN Statistics Division
  8. 8. © Grant Thornton International. All rights reserved.Life expectancy• Japan 82.6• Hong Kong 82.2• Switzerland 82.1• Australia 81.2• Thailand 73.6Source: UN Population Database
  9. 9. © Grant Thornton International. All rights reserved.LinkedIn killing the recruitment industry?• labour force 40 million in Thailand• 6 million with higher level education• 300,000 LinkedIn users in Thailand• so only 5% found on LinkedIn• question: how do you reach the 95%.
  10. 10. © Grant Thornton International. All rights reserved.Thailand
  11. 11. © Grant Thornton International. All rights reserved.The labour market dynamics are changing andtalent have multiple options in the workplaceEmployers must refine recruitment and retentionstrategies and embrace concepts like becoming anEmployer of Choice.
  12. 12. © Grant Thornton International. All rights reserved.
  13. 13. © Grant Thornton International. All rights reserved.Employee value proposition• critical to attracting,retaining and engagingquality people• employer branding whichmakes you employer ofchoice• whats in it for me?
  14. 14. © Grant Thornton International. All rights reserved.• why should anyone come and work for you?• why would someone, who is good at this type ofwork, want this particular job?• what does this job offer that is unique or makes itmost attractive to a potential candidate?
  15. 15. © Grant Thornton International. All rights reserved.• why is doing this job at your company betterthan doing the same job with a competitor?• why do people come to work at your companyand why do they stay?• what is your competitive compensationand benefits?
  16. 16. © Grant Thornton International. All rights reserved.Whats in it for me?• location / condition of premises• career opportunities – realistic?• corporate social responsibility• atmosphere and culture – safe or challenging?• social events – is this a fun environment wherepeople make friends• flexible hours – flextime/ telecommuting• democratic management style / freedom fromcontrols.
  17. 17. © Grant Thornton International. All rights reserved.Responses from your employees• why did you join thecompany in the first place?• what is it that you like aboutthe company?• focus groups,development dialogues,employee climatesurveys.
  18. 18. © Grant Thornton International. All rights reserved.No company can consistently expand revenuesfaster than its abilityto accumulate enough of the right peopleto implement growthand still be a great companySource: Packards Law by David Packard, co-founder of HP
  19. 19. © Grant Thornton International. All rights reserved.Generations at work• Generation Y 35 – 20 years• Generation X 50 - 35 years• Baby Boomers 65 – 50 years• Silent over 65
  20. 20. © Grant Thornton International. All rights reserved.Do you sleep with your mobile phone?Who normally place their mobile phoneright next to their bed while sleeping?Gen Y 83%Gen X 68%Boomers 50%Silent 20%Source: Pew Research.
  21. 21. © Grant Thornton International. All rights reserved.Social networking for business purposeProfile on social networking sites• Gen Y 75%• Gen X 50%• Boomers 30%• Silent 6%Source: Pew Research.
  22. 22. © Grant Thornton International. All rights reserved.US Bureau of Labor Statistics• Gen Y work 10-14 jobs by age 38• 1 in 4 less than one year employment• 1 in 2 stay no more than 5 years.
  23. 23. © Grant Thornton International. All rights reserved.• more women attend andgraduate from US universities• men make up only 40% of studentsin American universities• women are closing in on two-thirds of theuniversity population and receive themajority of college degrees.
  24. 24. © Grant Thornton International. All rights reserved.7 strategies for retaining Gen Y• tribal behaviour: careers within careers• lunch is for wimps: work-life balance• Jan Carlzons stonecutters: engage with staff• make poverty history: CSR• bond over breakfast: culture of relationships• walk the talk: transmit consistent messages• Employer of Choice.
  25. 25. © Grant Thornton International. All rights reserved.The solution to demographicand generational changeis not a matter of market agility;its a matter ofstrategic corporate positioning.
  26. 26. © Grant Thornton International. All rights reserved.Presented to Bangkok Entrepreneurs21 May 2013By Tom SorensenGrant Thorntontom.sorensen@th.gt.com

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