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Is There a Talent Shortage-Wheeler

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Is There a Talent Shortage-Wheeler

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Is There a Talent Shortage-Wheeler

  1. 1. © 2014, Future of Talent Institute Presented by Kevin Wheeler Talent Scarcity or Abundance?
  2. 2. © 2014, Future of Talent Institute McKinsey’s Thinking 2
  3. 3. © 2014, Future of Talent Institute 3 Source: Manpower 2015
  4. 4. © 2014, Future of Talent Institute 1. Moving the goal posts Narrower & constrained job descriptions Credential creep 2. Buying not making Lack of investment in training and development 3. Needing fewer Falling demand for some sectors Automation and fewer jobs 4. Using people when not necessary Automation augments humans/increases productivity Factors 4
  5. 5. © 2014, Future of Talent Institute Credential Creep 5
  6. 6. © 2014, Future of Talent Institute Historically T&D provided a steady stream of candidates internally. Firms like IBM, GE, Lockheed Martin, Bank of America and many more relied heavily on these programs. Recruitment focused on college hires to fill the pipeline. Investment in T&D had declined dramatically since the 1980s. Lack of Development 6
  7. 7. © 2014, Future of Talent Institute 7
  8. 8. © 2014, Future of Talent Institute Has Demand Peaked? 8
  9. 9. © 2014, Future of Talent Institute Capital is Substituting for Labor -McKinsey Global Institute. 9 Source: http://www.mckinsey.com/insights/employment_and_growth/the_world_at_work
  10. 10. © 2014, Future of Talent Institute The Augmented Individual Internet & software are expanding the human mind The “Engine” of the 21st Century 10
  11. 11. © 2014, Future of Talent Institute 11 THANKS YOUR THOUGHTS & QUESTIONS Follow me on Twitter: @kwheeler Website: www.futureoftalent.org

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