www.pwc.com/hrs
A look at the key workforce
trends from around
the world using data
from PwC’s Saratoga
benchmarking database.
Key trends in
human capital 2012
A global perspective
2 Key trends in human capital 2012. A global perspective
About PwC Saratoga
PwC Saratoga is the recognised leader in the
measurement and benchmarking of human capital in
organisations, HR and finance function performance
and transformation. Our specialists help clients to
develop predictive analytics capability by identifying
connections between HR, people, functional and
organisational performance, using a range of
quantitative and qualitative tools. This is supported
by a global repository of metrics and qualitative best
practice information from more
than 2,400 organisations.
3Key trends in human capital 2012. A global perspective
Introduction 4
Global trends in human capital 6
A multi-speed global economy 8
Productivity gaps widen 12
A rocky road for rookies 16
Survivors disengaged 20
HR rising to the analytics challenge 25
Priorities for business 32
In conclusion 34
Behind the numbers 36
Contacts 37
Related PwC publications 38
Contents
4 Key trends in human capital 2012. A global perspective
Introduction
Welcome to the latest in PwC’s detailed studies of
Global Trends in Human Capital. In this fifth edition we
look more closely at how organisations and the global
workforce have been changed by the financial crisis
and economic downturn.
5
Our 2010 Global Trends paper was written
at a time of considerable upheaval, with
many organisations cutting back sharply
on costs and headcount as the recession
took hold. Two years on, business leaders
are more confident about the prospects
for growth, in spite of continued economic
turmoil. While competition is intense,
many organisations are emerging leaner
and more focused. The mantra is to
maximise return on investment (ROI)
in every area of the business, especially
human capital.
It’s all about talent management
In this quest for growth, talent
management remains a primary focus
area for business leaders. According to
our 15th Annual Global CEO Survey, 78%
of CEOs plan to make changes to talent
strategy in response to the global business
environment. There is a clear need for
professional skills and effective leadership
to operate in challenging markets, while
emerging markets require the talent to
deliver continued growth. But only 30%
of CEOs said they were confident that they
would have the talent they needed to grow
their organisation in the near future, and
31% said that talent constraints had already
hampered innovation at their organisation.
In such an environment, knowledge and
insight – in the form of human capital data
– is power. Human capital measurement
and analytics has progressed far in recent
years, evolving from the collection and
redistribution of basic workforce data
through HR systems to a more thoughtful
and .
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our latest edition provides an analysis of the employment markets and economic status of 33 countries, featuring insights from Hays experts across the globe.
In this year’s survey of over 1,000 business leaders, C-Suite executives worldwide are acknowledging the need for radical reinvention. The question every organization needs to address: How is our organization reinventing itself for the digital age? The most prevalent response related to managing talent!
Innovation GE Global Innovation Barometer 2018 - Summary ReportPatrick Barrabé® 😊
Emerging Players : New Actors Driving Innovation, Emerging Confidence, Working in a Protectionist World
Emerging Technologies : The Potential of Additive, Maximizing the Return on Innovation (ROI), Hype vs. Reality of Impact
Emerging Challenges : Future of Work, More Challenging Environment
GE Reports recently released its 2018 Global Innovation Barometer, gauging the state of innovation around the world. The report is based on responses from 2,090 executives in 20 countries.
Among the key findings: a shift from small businesses to large multinationals as drivers of innovation; confidence in the transformative power of lower-profile technologies such as energy grids, virtual healthcare, and smart cities; concerns about the skills gap; and optimism about the potential of 3D printing.
A majority of respondents found protectionist policies beneficial, and results show Japan and China taking on a greater leadership role as champions of innovation.
Entrepreneurship: Flourishing in tough conditionsRegus
Given the key importance of entrepreneurship within the economy and even inside single businesses, Regus commissioned research canvassing the opinions of over 19,000 business managers and owners globally asking them about the state of entrepreneurship in their sector and which measures help boost innovation.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our latest edition provides an analysis of the employment markets and economic status of 33 countries, featuring insights from Hays experts across the globe.
In this year’s survey of over 1,000 business leaders, C-Suite executives worldwide are acknowledging the need for radical reinvention. The question every organization needs to address: How is our organization reinventing itself for the digital age? The most prevalent response related to managing talent!
Innovation GE Global Innovation Barometer 2018 - Summary ReportPatrick Barrabé® 😊
Emerging Players : New Actors Driving Innovation, Emerging Confidence, Working in a Protectionist World
Emerging Technologies : The Potential of Additive, Maximizing the Return on Innovation (ROI), Hype vs. Reality of Impact
Emerging Challenges : Future of Work, More Challenging Environment
GE Reports recently released its 2018 Global Innovation Barometer, gauging the state of innovation around the world. The report is based on responses from 2,090 executives in 20 countries.
Among the key findings: a shift from small businesses to large multinationals as drivers of innovation; confidence in the transformative power of lower-profile technologies such as energy grids, virtual healthcare, and smart cities; concerns about the skills gap; and optimism about the potential of 3D printing.
A majority of respondents found protectionist policies beneficial, and results show Japan and China taking on a greater leadership role as champions of innovation.
Entrepreneurship: Flourishing in tough conditionsRegus
Given the key importance of entrepreneurship within the economy and even inside single businesses, Regus commissioned research canvassing the opinions of over 19,000 business managers and owners globally asking them about the state of entrepreneurship in their sector and which measures help boost innovation.
2019 HRflag Global 50 HR Services Listed CompaniesHRflag
【June 26, 2019, Shanghai】Compiled by HRflag which is a communication platform, digital community and think tank leading in China's HR service industry, the “2019 HRflag Global 50 HR Services Listed Companies” global ranking is officially announced.
http://pwc.to/11CB1Xq
Dans son étude « Working Capital Survey 2013 », PwC montre que la performance BFR (Besoin en Fonds de Roulement, soit la trésorerie mobilisée par l’activité) des entreprises mondiales s'est dégradée de 2 % par rapport à l'année dernière. Seule exception, les sociétés européennes ont amélioré leur situation, démontrant une corrélation entre PIB et niveaux de BFR.
The Hays Global Skills Index offers important insights into the puzzle that is the global skills landscape. Use the Index to understand the talent gaps your business may be facing, enabling you to develop the skills pipeline you need to ensure you have the best workforce for today, and tomorrow: http://www.hays-index.com/
Etude PwC "Fit for business" sur les entreprises de l'Eurozone (nov. 2014)PwC France
http://bit.ly/EntreprisesEurozone
Les entreprises de la zone euro ne parviennent pas à transformer les défis financiers et structurels issus de la crise actuelle en opportunités de croissance. Elles sont 20% à penser que la zone euro pourrait s’effondrer, mais sont 36% à n’avoir mis en place aucun plan pour lutter contre la crise persistante de région. Telles sont les conclusions d'une étude menée par le cabinet d’audit et de conseil PwC auprès d’environ 400 dirigeants européens (hors services financiers).
Since 1999, The Conference Board CEO Challenge® survey has asked CEOs across the globe to identify the most critical issues they face and their strategies to meet them. Since 2017, the C-Suite Challenge has expanded the survey pool beyond CEOs to the entire C-suite. This year’s survey, conducted between September and October 2019, asked 1,520 C-suite executives, including 740 CEOs across the globe, for their views on the external and internal stress points they face, the need and will to collaborate with nontraditional partners to drive future growth, and the impact that cyber risk and more sophisticated attitudes toward data privacy will have on their organizations in a digitally transformed business environment. This first report focuses on the hot-button issues, external and internal to firms, as seen by CEO and other C-suite executives.
De Hays Global Skills Index is een gedetailleerd rapport dat de uitdagingen op de wereldwijde arbeidsmarkt in kaart brengt. De knelpunten en mismatches van 31 lokale arbeidsmarkten worden blootgelegd en de aanbevelingen in het rapport dienen als advies voor overheden, organisaties, onderwijsinstellingen en overige stakeholders.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2015 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
Global Capital Confidence Barometer | How can you reshape your future before ...EY
The Global Capital Confidence Barometer gauges corporate confidence in the economic outlook, and identifies boardroom trends and practices in the way companies manage their Capital Agendas — EY framework for strategically managing capital. It is a regular survey of senior executives from large companies around the world, conducted by Thought Leadership Consulting, a Euromoney Institutional Investor company. Our panel comprises select global EY clients and contacts and regular Thought Leadership Consulting contributors.
Leading in extraordinary times, the 2015 US CEO SurveyOmar Toor
Learn how US CEOs are positioning for a new era where overseas business growth is balanced more evenly between developed and emerging economies, and mainstream adoption of digital technologies everywhere is surging.
EY Global Capital Confidence Barometer (12th Edition)EY
Innovation, complexity and disruption define the new M&A market.
Our 12th Global Capital Confidence Barometer finds the global M&A market maintaining the positive momentum that developed during 2014. For the first time in five years, more than half our respondents are planning acquisitions in the next 12 months, as deal pipelines continue to expand.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our latest edition provides an analysis of the employment markets and economic status of 33 countries, featuring insights from Hays experts across the globe: https://www.hays-index.com/
Economist Intelligence Unit (EIU) white paper produced at the height of the financial crisis in January 2009 outlining the opportunities to learn from the downturn and best practice to success in a changing environment.
Fungi reproduce ___________________________ by fragmentation, buddin.docxericbrooks84875
Fungi reproduce ___________________________ by fragmentation, budding, or producing spores.
10. In ___________________________ , pieces of hyphae grow into new mycelia.
11. The process of a parent cell undergoing mitosis and producing a new individual that pinches off,
matures, and separates from the parent is called ___________________________ .
12. When environmental conditions are right, a ___________________________ may germinate and
produce a threadlike ___________________________ that will grow into a mycelium.
13. Some hyphae grow away from the mycelium to produce a spore-containing structure called a
___________________________ .
14. In most fungi, the structures that support ___________________________ are the only part of the
fungus that can be seen.
15. Fungi may produce spores by ___________________________ or ___________________________ .
16. Many adaptations of fungi for survival involve ___________________________ .
17. ___________________________ protect spores and keep them from from drying out until they
are released.
18. A single puffball may produce a cloud containing as many as ___________________________ spores.
19. Producing a large number of spores increases a species’ chances of ___________________________ .
20. Fungal spores can be dispersed by ___________________________ , ___________________________ ,
and ___________________________ .
.
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http://pwc.to/11CB1Xq
Dans son étude « Working Capital Survey 2013 », PwC montre que la performance BFR (Besoin en Fonds de Roulement, soit la trésorerie mobilisée par l’activité) des entreprises mondiales s'est dégradée de 2 % par rapport à l'année dernière. Seule exception, les sociétés européennes ont amélioré leur situation, démontrant une corrélation entre PIB et niveaux de BFR.
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De Hays Global Skills Index is een gedetailleerd rapport dat de uitdagingen op de wereldwijde arbeidsmarkt in kaart brengt. De knelpunten en mismatches van 31 lokale arbeidsmarkten worden blootgelegd en de aanbevelingen in het rapport dienen als advies voor overheden, organisaties, onderwijsinstellingen en overige stakeholders.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2015 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
Global Capital Confidence Barometer | How can you reshape your future before ...EY
The Global Capital Confidence Barometer gauges corporate confidence in the economic outlook, and identifies boardroom trends and practices in the way companies manage their Capital Agendas — EY framework for strategically managing capital. It is a regular survey of senior executives from large companies around the world, conducted by Thought Leadership Consulting, a Euromoney Institutional Investor company. Our panel comprises select global EY clients and contacts and regular Thought Leadership Consulting contributors.
Leading in extraordinary times, the 2015 US CEO SurveyOmar Toor
Learn how US CEOs are positioning for a new era where overseas business growth is balanced more evenly between developed and emerging economies, and mainstream adoption of digital technologies everywhere is surging.
EY Global Capital Confidence Barometer (12th Edition)EY
Innovation, complexity and disruption define the new M&A market.
Our 12th Global Capital Confidence Barometer finds the global M&A market maintaining the positive momentum that developed during 2014. For the first time in five years, more than half our respondents are planning acquisitions in the next 12 months, as deal pipelines continue to expand.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our latest edition provides an analysis of the employment markets and economic status of 33 countries, featuring insights from Hays experts across the globe: https://www.hays-index.com/
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Fungi reproduce ___________________________ by fragmentation, budding, or producing spores.
10. In ___________________________ , pieces of hyphae grow into new mycelia.
11. The process of a parent cell undergoing mitosis and producing a new individual that pinches off,
matures, and separates from the parent is called ___________________________ .
12. When environmental conditions are right, a ___________________________ may germinate and
produce a threadlike ___________________________ that will grow into a mycelium.
13. Some hyphae grow away from the mycelium to produce a spore-containing structure called a
___________________________ .
14. In most fungi, the structures that support ___________________________ are the only part of the
fungus that can be seen.
15. Fungi may produce spores by ___________________________ or ___________________________ .
16. Many adaptations of fungi for survival involve ___________________________ .
17. ___________________________ protect spores and keep them from from drying out until they
are released.
18. A single puffball may produce a cloud containing as many as ___________________________ spores.
19. Producing a large number of spores increases a species’ chances of ___________________________ .
20. Fungal spores can be dispersed by ___________________________ , ___________________________ ,
and ___________________________ .
.
Full-Circle LearningMyLab™ Learning Full Circle for Mar.docxericbrooks84875
Full-Circle Learning
MyLab™: Learning Full Circle for Marketing,
Management, Business Communication,
and Intro to Business
BEFORE
CLASS
AFTER
CLASS DURING
CLASS
Decision
Sims, Videos,
and Learning
Catalytics
DSMs,
pre-lecture
homework,
eText
Writing
Space, Video
Cases, Quizzes/
Tests
MyLab
Critical Thinking
MyManagementLab®: Improves Student
Engagement Before, During, and After Class
Decision Making
BREAKTHROUGH
Prep and
Engagement
BREAK
THRO
UGH
To better resultsTo better results
• NEW! VIDEO LIBRARY – Robust video library with over 100 new book-specific videos that include
easy-to-assign assessments, the ability for instructors to add YouTube or other sources, the ability for
students to upload video submissions, and the ability for polling and teamwork.
• Decision-making simulations – NEW and improved feedback for students. Place your students
in the role of a key decision-maker! Simulations branch based on the decisions students make, providing
a variation of scenario paths. Upon completion students receive a grade, as well as a detailed report of
the choices and the associated consequences of those decisions.
• Video exercises – UPDATED with new exercises. Engaging videos that bring business concepts to
life and explore business topics related to the theory students are learning in class. Quizzes then assess
students’ comprehension of the concepts covered in each video.
• Learning Catalytics – A “bring your own device”
student engagement, assessment, and classroom
intelligence system helps instructors analyze
students’ critical-thinking skills during lecture.
• Dynamic Study Modules (DSMs) – UPDATED
with additional questions. Through adaptive
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and when they need it most, creating greater
engagement, improving knowledge retention, and
supporting subject-matter mastery. Also available
on mobile devices.
• Writing Space – UPDATED with new commenting tabs, new prompts, and a new tool
for students called Pearson Writer. A single location to develop and assess concept mastery
and critical thinking, the Writing Space offers automatic graded, assisted graded, and create your own
writing assignments, allowing you to exchange personalized feedback with students quickly and easily.
Writing Space can also check students’ work for improper citation or plagiarism by comparing it
against the world’s most accurate text comparison database available from Turnitin.
• Additional Features – Included with the MyLab are a powerful homework and test manager, robust
gradebook tracking, Reporting Dashboard, comprehensive online course content, and easily scalable
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http://www.pearsonmylabandmastering.com
Strategic
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A Competitive AdvAntAge ApproACh
This page intentionally left blank
Fred r. David
Francis Marion University
Florence, South Carolina
Forest r. David
Strategic Planning C.
Functional Requirements Document
Template
Version
Description of Change
Author
Date
CONTENTS
41
INTRODUCTION
1.1
Purpose
4
1.2
Scope
4
1.3
Background
4
1.4
References
4
1.5
Assumptions and Constraints
4
1.6
Document Overview
5
2
METHODOLOGY
5
3
FUNCTIONAL REQUIREMENTS
5
4.1
Context
5
4.2
User Requirements
5
4.3
Data Flow Diagrams
6
4.4
Logical Data Model/Data Dictionary
6
4.5
Functional Requirements
6
5
OTHER REQUIREMENTS
6
5.1
Interface Requirements
6
5.2
Data Conversion Requirements
7
5.3
Hardware/Software Requirements
7
5.4
Operational Requirements
7
APPENDIX A - GLOSSARY
11
1 INTRODUCTION
[Provide an overview of the system and some additional information to place the system in context.]
1.1 Purpose
[Provide an overall description of the FRD, its purpose. Reference the system name and identifying information about the system to be implemented.]
1.2 Scope
[Discuss the scope of the document and how it accomplishes its purpose.]
1.3 Background
[Describe the organization and its overall responsibilities. Describe who is producing the document and why.]
1.4 References
[List references and controlling documents, including: meeting summaries, white papers, other deliverables, etc.]
1.5 Assumptions and Constraints
[Provide a list of contractual or task level assumptions and/or constraints that are preconditions to preparation of the FRD. Assumptions are future situations beyond the control of the project, whose outcomes influence the success of a project.]
1.5.1 Assumptions
Examples of assumptions include: availability of a technical platform, legal changes and policy decisions.
1.5.2 Constraints
Constraints are boundary conditions on how the system must be designed and constructed. Examples include: legal requirements, technical standards, strategic decisions.
· Constraints exist because of real business conditions. For example, a delivery date is a constraint only if there are real business consequences that will happen as a result of not meeting the date. If failing to have the subject application operational by the specified date places the organization in legal default, the date is a constraint.
· Preferences are arbitrary. For example, a date chosen arbitrarily is a preference. Preferences, if included in the FRD, should be noted as such.]
1.6 Document Overview
[Provide a description of the document organization.]
2 METHODOLOGY
[Describe the overall approach used in the determination of the FRD contents. Describe the modeling method(s) so non-technical readers can understand what they are conveying.]
3 FUNCTIONAL REQUIREMENTS
4.1 Context
[Provide a context diagram of the system, with explanations as applicable. The context of a system refers to the connections and relationships between the system and its environment.]Exhibit 2 - Generic Context Diagram
Data 6
Data 1
Data 3
Data 4
Data 7
Data 2
Data 8
System/
Application
Name
Interface
Name 2
Interface
Name 4
Interface
Name 1
(User)
Interface
Name 3
Da.
Fully answer any ONE of the following essay questions1. Is the.docxericbrooks84875
Fully answer any ONE of the following essay questions:
1. Is there an obligation to promote the common good? Contrast the views of Bentham, Kant, and Ross on that question. Whose view do you think is best? Why?
2. What does it mean to claim that ethics is an
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discipline? Who agrees with that view? What is Bentham's view of the nature of ethics (hint: empirical science)? How does Ross combine those views?
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2. What does it mean to claim that ethics is an
a priori
discipline? Who agrees with that view? What is Bentham's view of the nature of ethics (hint: empirical science)? How does Ross combine those views?
3. Both Kant and Ross are nonconsequentialists, yet they disagree about the role of consequences in determining the morally right act. Compare and contrast their views regarding the role of consequences. which view is preferable? Why?
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Q1: In consideration with this revelation, identify and name these factors, and provide a brief discussion about them?
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watching the videos and reviewing the other materials in this Learning Unit, answer BOTH of the questions below.
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Please be sure to answer all the questions above in the initial post.
Please ensure the initial post and two response posts are substantive. Substantive posts will do at least TWO of the following:
Ask an interesting, thoughtful question pertaining to the topic
Expand on the topic, by adding additional thoughtful information
Answer a question posted by another student in detail
Share an applicable personal experience
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FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docxericbrooks84875
FS-3
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(in millions, except per share amounts)
For the years ended December 31,
2016 2017 2018
Revenues
Automotive $ 141,546 $ 145,653 $ 148,294
Ford Credit 10,253 11,113 12,018
Mobility 1 10 26
Total revenues (Note 4) 151,800 156,776 160,338
Costs and expenses
Cost of sales 126,195 131,321 136,269
Selling, administrative, and other expenses 10,972 11,527 11,403
Ford Credit interest, operating, and other expenses 8,847 9,047 9,463
Total costs and expenses 146,014 151,895 157,135
Interest expense on Automotive debt 894 1,133 1,171
Interest expense on Other debt 57 57 57
Other income/(loss), net (Note 5) 169 3,267 2,247
Equity in net income of affiliated companies 1,780 1,201 123
Income before income taxes 6,784 8,159 4,345
Provision for/(Benefit from) income taxes (Note 7) 2,184 402 650
Net income 4,600 7,757 3,695
Less: Income/(Loss) attributable to noncontrolling interests 11 26 18
Net income attributable to Ford Motor Company $ 4,589 $ 7,731 $ 3,677
EARNINGS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK (Note 8)
Basic income $ 1.16 $ 1.94 $ 0.93
Diluted income 1.15 1.93 0.92
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(in millions)
For the years ended December 31,
2016 2017 2018
Net income $ 4,600 $ 7,757 $ 3,695
Other comprehensive income/(loss), net of tax (Note 21)
Foreign currency translation (1,024) 314 (523)
Marketable securities (8) (34) (11)
Derivative instruments 219 (265) 183
Pension and other postretirement benefits 56 37 (56)
Total other comprehensive income/(loss), net of tax (757) 52 (407)
Comprehensive income 3,843 7,809 3,288
Less: Comprehensive income/(loss) attributable to noncontrolling interests 10 24 18
Comprehensive income attributable to Ford Motor Company $ 3,833 $ 7,785 $ 3,270
The accompanying notes are part of the consolidated financial statements.
FS-4
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
December 31,
2017
December 31,
2018
ASSETS
Cash and cash equivalents (Note 9) $ 18,492 $ 16,718
Marketable securities (Note 9) 20,435 17,233
Ford Credit finance receivables, net (Note 10) 52,210 54,353
Trade and other receivables, less allowances of $412 and $94 10,599 11,195
Inventories (Note 12) 11,176 11,220
Other assets 3,889 3,930
Total current assets 116,801 114,649
Ford Credit finance receivables, net (Note 10) 56,182 55,544
Net investment in operating leases (Note 13) 28,235 29,119
Net property (Note 14) 35,327 36,178
Equity in net assets of affiliated companies (Note 15) 3,085 2,709
Deferred income taxes (Note 7) 10,762 10,412
Other assets 8,104 7,929
Total assets $ 258,496 $ 256,540
LIABILITIES
Payables $ 23,282 $ 21,520
Other liabilities and deferred revenue (Note 16) 19,697 20,556
Automotive debt payable within one year (Note 18) 3,356 2,314
Ford Credit debt payable within one year (Note 18) 48,265 51,179
Total current liabilities 94,600 95,56.
Fromm’s concept of the syndrome of decay included three personality .docxericbrooks84875
Fromm’s concept of the syndrome of decay included three personality disorders: (1) necrophilia, or love of death; (2) malignant narcissism, or extreme self-interest; and (3) incestuous symbiosis, or a passionate devotion to one’s mother or a mother substitute. Fromm identified Adolf Hitler as the most conspicuous example of a person with the syndrome of decay. If Fromm’s conception is valid, one would see the syndrome of decay traits in contemporary personalities. Identify recent examples of well-known people with the syndrome of decay, including serial killers or heads of state who manifest the love of death. Pay special attention to malignant narcissism and incestuous symbiosis.
.
From your readings in Chapter 4, choose one of the organizational sy.docxericbrooks84875
From your readings in Chapter 4, choose one of the organizational systems such as social, ethical, religious, spiritual, educational, ecological/environmental, political, economic, technological, and legal systems. Discuss how this organizational system can prepare you to care for individuals from other cultures.
.
From your daily briefs, Kaiser Health News Morning Briefing or P.docxericbrooks84875
From your daily briefs, Kaiser Health News Morning Briefing or POLITICO Pulse.
List the interest groups that are mentioned in the brief and what their interest is in the piece.
Categorize the issues in the brief according to the following—politics and politicians, access to health care, health care insurance, health care legislation, money, drugs, or other.
.
From the perspective of the public safety field youre in, aspire to.docxericbrooks84875
From the perspective of the public safety field you're in, aspire to be in, or have researched, discuss what activity(s) performed by someone in that field are most likely to result in claims of civil liability against the individual, organization, or both. What, if any measures could be taken by the individual or organization to minimize those risks. What factors could leave an individual personally liable for damages related to the claim.
.
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From the following terms: Orthodox Judaism, Hassidic Judaism. Briefly define these two terms, then explain their relationship to one another. How are they similar, and how are they different? What lead to their development?
The destruction of the 2nd Temple in Jerusalem marks a major shift in the history and character of Judaism. What characterizes Jewish practice before the destruction of the 2nd Temple, and what characterizes Jewish practice after the Temple's destruction? How are these practices different? What was maintained?
APA format minimum 2 scholarly articles
.
From the end of Chapter 14, complete Discussion Question 3 What are.docxericbrooks84875
From the end of Chapter 14, complete Discussion Question 3: What are the main advantages of using a network-based approach to project management rather than a Gantt chart? Under what circumstances might a Gantt chart be preferable to a network-based approach?
Required Resources
Text
Bozarth, C. C., & Handfield, R. B. (2016).
Introduction to operations and supply chain management
(4th ed.). Upper Saddle River, NJ: Pearson.
Chapter 3: Process choice and layout decisions in manufacturing and services
Chapter 6: Managing capacity
Chapter 14: Managing projects
Chapter 15: Developing products and services
.
From the e-Activity, take a position on this statement People that .docxericbrooks84875
From the e-Activity, take a position on this statement: People that resist using online social networks such as Facebook and Twitter are an unusual minority in this country. Support your position with one or two examples.
Discuss the value of seeing an issue from different, and often opposing, points of view and the skills and knowledge you gained from taking this course.
.
From Chapter Seven How does horizontal growth differ from v.docxericbrooks84875
From Chapter Seven:
How does horizontal growth differ from vertical growth as a corporate strategy? From concentric diversification?
From Chapter Eight:
Are functional strategies interdependent, or can they be formulated independently of other functions?
.
From the e-Activity, determine the fundamental differences between t.docxericbrooks84875
From the e-Activity, determine the fundamental differences between the Reid, Kinesic, and Peace Methods of interviewing and interrogating a suspect that are used as part of a criminal investigation. Provide one example of a situation or scenario (real or fictional) when each of these has been or should have been used. Provide a rationale to support your response and respond to no less than one of your peers.
.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
www.pwc.comhrsA look at the key workforce trends from a.docx
1. www.pwc.com/hrs
A look at the key workforce
trends from around
the world using data
from PwC’s Saratoga
benchmarking database.
Key trends in
human capital 2012
A global perspective
2 Key trends in human capital 2012. A global perspective
About PwC Saratoga
PwC Saratoga is the recognised leader in the
measurement and benchmarking of human capital in
organisations, HR and finance function performance
and transformation. Our specialists help clients to
develop predictive analytics capability by identifying
connections between HR, people, functional and
organisational performance, using a range of
quantitative and qualitative tools. This is supported
by a global repository of metrics and qualitative best
practice information from more
than 2,400 organisations.
3Key trends in human capital 2012. A global perspective
2. Introduction 4
Global trends in human capital 6
A multi-speed global economy 8
Productivity gaps widen 12
A rocky road for rookies 16
Survivors disengaged 20
HR rising to the analytics challenge 25
Priorities for business 32
In conclusion 34
Behind the numbers 36
Contacts 37
Related PwC publications 38
Contents
4 Key trends in human capital 2012. A global perspective
Introduction
Welcome to the latest in PwC’s detailed studies of
Global Trends in Human Capital. In this fifth edition we
look more closely at how organisations and the global
3. workforce have been changed by the financial crisis
and economic downturn.
5
Our 2010 Global Trends paper was written
at a time of considerable upheaval, with
many organisations cutting back sharply
on costs and headcount as the recession
took hold. Two years on, business leaders
are more confident about the prospects
for growth, in spite of continued economic
turmoil. While competition is intense,
many organisations are emerging leaner
and more focused. The mantra is to
maximise return on investment (ROI)
in every area of the business, especially
human capital.
It’s all about talent management
In this quest for growth, talent
management remains a primary focus
area for business leaders. According to
our 15th Annual Global CEO Survey, 78%
of CEOs plan to make changes to talent
strategy in response to the global business
environment. There is a clear need for
professional skills and effective leadership
to operate in challenging markets, while
emerging markets require the talent to
deliver continued growth. But only 30%
of CEOs said they were confident that they
would have the talent they needed to grow
their organisation in the near future, and
4. 31% said that talent constraints had already
hampered innovation at their organisation.
In such an environment, knowledge and
insight – in the form of human capital data
– is power. Human capital measurement
and analytics has progressed far in recent
years, evolving from the collection and
redistribution of basic workforce data
through HR systems to a more thoughtful
and targeted approach that mirrors more
general business data analytics. This
means joining up data from sources within
and outside HR, analysing trends and an
increasing focus on predictive analytics.
‘Knowledge and insight – in the form of human capital data – is
power.’
Talent strategy
78%
30%
31%
78% of CEOs plan to make changes to talent
strategy in response to the global business
environment
31% said that talent constraints had
already hampered innovation at their
organisation
Only 30% of CEOs said they were confident
that they would have the talent they needed
5. to grow their organisation in the near future
Key trends in human capital 2012. A global perspective
6
The global financial crisis has reinforced
the contrast between economies and
employment markets around the world.
Western Europe – and, for the first time,
parts of Central and Eastern Europe
– have felt the impact of the global
financial crisis and have seen revenue
per employee fall. Asia, by contrast,
has continued to grow. When existing
demographic trends are added to the mix,
it’s clear that multinational organisations
are facing sharply contrasting human
capital challenges from region to region.
Four key trends have emerged:
Global trends in
human capital
7Key trends in human capital 2012. A global perspective
1. 2. 3. 4.
Productivity gaps widen
Productivity dropped sharply in
developed economies in 2011,
making the regional differences
6. in productivity much more
pronounced. Latin America and
Asia-Pacific are now showing
far higher levels of productivity
than Europe, giving them a
strong competitive edge.
A rocky road for rookies
One of the major consequences
of the crisis is that
organisations in the West
have chosen experience over
youth, cutting back on the
recruitment of younger workers
and banking on the experience
of older workers to see them
through. While this strategy
has worked in the short term,
it’s storing up talent chain
supply problems for the future.
Survivors disengaged
The most significant – and
worrying – legacy of the
turmoil of the past few
years has been the impact
on employee engagement.
Employees in the West who
survived the cost-cutting cull
have been left disillusioned
and disengaged. The younger
generation has been hit
particularly hard as they see
their opportunities dwindle and
their career path blocked by
older workers who can’t afford
7. to retire. But poor employee
engagement isn’t just a Western
problem; it’s equally severe in
Asia, in spite of the high levels
of demand for younger talent,
where job-hopping has become
the norm.
Best practice in human
capital analytics
has arrived
The best organisations are
leading the way in using
analytics and the capabilities
of the HR function to make sure
that they get the most from the
investment in their people.
There’s been a huge investment
in human capital analytics in
recent years and it’s paying
dividends for organisations
that were ahead of the game.
The advancements in data
collection and analysis are
an enormous opportunity for
those who are prepared to take
advantage of them.
8
A multi-speed global economy
8. 9Key trends in human capital 2012. A global perspective
It’s clear that the fallout from the global
financial crisis has been far-reaching, both
in terms of financial results and in the long-
term impact on the way companies operate.
There remains a clear divide between
organisations in developed economies,
which were inevitably hit hard during
the crisis, and the fast-growing emerging
economies, where talent supply remains a
critical issue.
The impact of the economic conditions is
by no means limited to Western Europe and
the US. There is evidence to suggest that
the impact is now being felt within Central
and Eastern Europe, with GDP per capita
growth for some economies in Eastern
Europe, such as the Czech Republic,
falling to levels similar to the UK and US.
Combined with rising wage costs in recent
years, parts of the CEE region are moving
beyond the period of demonstrably higher
human capital ROI to levels resembling
other European nations.
The major economies in Asia, by contrast,
have shown year-on-year increases in
economic output during the crisis, driven
by rapid industrialisation and an expanding
workforce in the manufacturing and
service industries. With low wage costs
and/or continuing growth in most parts of
Asia, many nations demonstrate far higher
9. human capital ROI than the West.
15%
10%
5%
0
-5%
-10%
$184,674
$180,733
$230,499
$228,472
$267,186
$344,432
$415,668
2006 2007 2008 2009 2010 2011
Source: World Bank
GDP per capita growth
China
11. Annual growth in GDP per capita Revenue per FTE by region
Revenue per FTE ($)
10 Key trends in human capital 2012. A global perspective
Adapt and survive
We’ve seen significant changes to
employment markets in the West in the
wake of the financial crisis, as countries
adapt in order to maintain growth by
investing in the better-performing sectors.
In the US, the professional services sector
has seen an increase in revenue per
full-time employee (FTE) of 21.5%, as
businesses look for expert help in managing
the difficult economic conditions. In other
industries though, employees are seeing
fewer opportunities – the US technology
sector saw a 28.3% reduction in revenue
per FTE as organisations looked to reduce
back-office expenditure.
This is echoed in Western Europe, which
also saw a fall in revenue generated in
the technology sector. Engineering and
manufacturing, and the chemicals industry
have also suffered. The pharmaceuticals
sector, though, has enjoyed a small
increase in revenue in Europe, along with
the insurance industry and retail and
leisure sector, and should see continued
investment and innovation generating job
12. growth for Western economies.
Revenue per FTE
In the US, the professional
services sector has seen
an increase in revenue per
full-time employee (FTE)
of 21.5%, as businesses
look for expert help in
managing the difficult
economic conditions
Banking: Time for change?
The banking sector in Europe has faced
well-publicised problems in recent years,
with profit levels suffering as a result.
Five years ago, the sector was the most
successful in Europe in terms of the level
of shareholder return. But not any more.
Revenue per FTE has fallen sharply.
Pay remains high despite recent bonus
pool reductions and banks continue
to pay a higher average remuneration
than any other sector. The result is a
dramatic reduction in the value added
by employees; Human Capital ROI (HC
ROI) has fallen by 20% over the past
five years.
Performance-related pay in the sector
currently stands at similar levels to
2006/07, when banks were reporting
far higher levels of profit – showing that
compensation reductions potentially still
13. have some way to go.
The next few years will be critical to the
banking sector and success will depend
to a large extent on the effectiveness
of the pay reforms that are underway.
There are many challenges ahead.
Banking
2006/07 2007/08 2008/09 2009/10 2010/11
Human capital ROI 2.00 2.06 2.05 1.69 1.62
Average remuneration ($) 79,362 76,944 92,391 92,671 87,673
Performance-related pay (%) 8.7 17.1 16.5 15.8 14.4
21.5%
11Key trends in human capital 2012. A global perspective
“ Recognising that the world is somewhat split down
the middle between slow growth and rapid growth,
you’d better be able to operate in both at the same
time. You have to manage that difficult slow growth
and then completely switch gears and go to high
growth. You have to find ways of moving your
resources – and for us it’s talent – from where it’s
not being utilised to where it can be utilised.”
Brian Duperreault, President and Chief Executive
Officer of Marsh & McLennan Companies Inc.
Taken from the PwC 15th Annual CEO Survey
14. 12
Productivity gaps widen
13Key trends in human capital 2012. A global perspective
LATAM
CEE
AsiaPac
Western Europe
UK
US
10%
14%
15%
24%
26%
30%
0% 30%
15. Remuneration/revenue by region
Remuneration/revenue (%)
The West can’t compete
on productivity
While developing economies are not
immune to the downturn, they have
managed to retain strong productivity
levels, particularly when compared against
Western Europe and the US. Productivity
levels in Western Europe had remained
relatively stable as organisations cut
back on employee numbers during the
downturn, but in 2011, productivity
dropped sharply. This places regions
such as Asia, Latin America and CEE in a
continued position of strength in terms
of competitiveness.
Employee costs rise, for less return
Further analysis shows that the fall in
productivity in Europe is driven by an
increase in average employee costs per
head. This is largely because organisations
have cut back on their recruitment
of new, raw talent and so have lower
numbers of younger and lower grade
employees, which has in turn increased
average remuneration levels. At the same
time revenue has fallen, meaning that
organisations are seeing a lower return on
their remuneration investment.
Lower return on remuneration investment
16. Organisations have cut back on their
recruitment of new, raw talent. This has
increased average remuneration levels.
At the same time revenue has fallen
Static
$55,000
$52,500
$50,000
$47,500
$45,000
$42,500
$40,000
24%
23.5%
23%
22.5%
22%
21.5%
21%
17. 2007 2008 2009 2010 2011
Average remuneration ($) Remuneration/revenue (%)
Average remuneration rises in Europe
Average remuneration ($) Revenue/remuneration (%)
14 Key trends in human capital 2012. A global perspective
Saratoga data shows that average
remuneration has once again increased
in Europe to $54,942 (an increase of over
15%). The level of average remuneration
in the US continues to be significantly
higher than in Europe, a consequence
of the greater GDP per capita generated.
A higher level of benefits in the US,
which have continued to increase due to
healthcare-related costs, and the longer
number of hours that US employees
work, also contribute to the higher
average remuneration.
We track the return that organisations
are getting for their investment in their
people through Human Capital Return on
Investment (HC ROI), which is at its lowest
level in recent years in Western Europe
and the US, while in CEE the HC ROI fell
significantly after a period of year-on-
year increases.
HC ROI is particularly competitive in
18. the emerging markets of Asia-Pacific, in
some cases almost twice the level seen
in Western economies. But in the more
developed economies in Asia-Pacific, HC
ROI is only slightly higher than in Western
Europe and the US – the result of higher
employee costs. It will be difficult for many
countries to sustain competitive HC ROI
levels if salaries continue to rise at their
current rate.
US
Western Europe
CEE
UK
0% 100%
18.2
15.1
3.4
19.7
5.9
7.1
12.5
8.51
20. 3.40
0 3.5
ROI
15
Measuring workforce return on investment
While it is dangerous to focus
on one measure to demonstrate
workforce ROI, our HC ROI
metric combines in a single
number the major components
of P&L performance with the
size and cost of the workforce. It
captures the interplay between
revenue generation, cost control
and human capital management
policy, something that revenue
per employee and profit per
employee can’t do. In fact, it’s
possible for an organisation to
report increases in revenue and
profit per employee, but falling HC
ROI, if these gains are being made
with more expensive people. HC
ROI only grows if profits increase
in combination with a managed
investment in people; in other
words, the concept of ‘doing more
with the same’ or ‘doing the same
21. with less’.
While fundamentally a formula
combining profit with workforce
costs, HC ROI is most usefully
expressed as:
Revenue - non-people costs
FTEs x average remuneration
This format provides insight to
the varying influence of the key
variables, and opportunities for
change. Used as a modelling tool
in this way, HC ROI can help show
the impact of HR programmes,
from reward strategy and
performance orientation, to
organisation design, workforce
planning, resourcing strategy and
employee engagement.
High HC ROI
Low HC Return on
Investment
High
HighLow
Low
Rate of economic/profit growth
Cost of workforce
22. Developing
(eg BRICs)
Maturing
(eg CEE)
Undeveloped
economies
Post-industrial
(e.g. Western
Europe, North
America)
Economic maturity impacts HC ROI
16
A rocky road for rookies
17Key trends in human capital 2012. A global perspective
Younger workers suffer in the West
Younger workers have been the biggest
casualty of the cutbacks and there has
been a noticeable trend for organisations
in Western Europe and the US to reduce
the number of middle and lower grade
employees. European metrics show that the
number of executives with more than three
23. years in the role has increased to 72.6%,
while the number of employees with less
than two years’ service (known as the
Rookie Ratio) has fallen sharply to 21.9%.
Overall, this represents a shift towards a
higher proportion of senior employees;
the organisational pyramid is becoming
narrower at the bottom and wider at
the top.
The crisis has clearly limited the
opportunities for younger employees in
Western economies. There appears to be a
strong demand for experienced employees
to guide organisations out of economic
difficulty, and investment in early talent
has suffered as a result. In PwC’s 15th
Global CEO survey,1 55% of business
leaders within Western economies rate the
recruitment and retention of ‘high-potential
middle management’ as a key challenge,
as opposed to just 32% for ‘young workers’.
While cutting back on the recruitment of
young talent may save on bottom-line costs
in the short term, it will inevitably affect
the availability of talent to fill key positions
over time. Organisations need to be
cautious during this period of careful cost
management that they aren’t cutting off the
talent pipeline at its source.
1 PwC 15th Annual Global CEO survey of over 1,200 business
leaders – 2012
Recruitment and retention a key challenge
24. 55% of business leaders within Western
economies rate the recruitment and
retention of ‘high-potential middle
management’ as a key challenge
55%
“ But what is interesting and what is changing is that among
Western companies,
the ability to hire, develop and retain talent in the developing
economies has
become a major point of competitive differentiation.”
Marijn Dekkers, Chairman, Bayer AG
Taken from the PwC 15th Annual CEO Survey
18
Older workers dig in
A lack of new job opportunities for younger
workers is slowing the rate of generational
change in the workforce in some regions.
In the US for instance, the expected growth
in numbers of Generation Y employees
hasn’t occurred, with the workforce
representation of Generation X surpassing
the 50% mark in 2008, and increasing to
53% in 2010. As more Baby Boomers retire,
Generation X has now become the largest
workforce presence.
Evidence of a high proportion of Generation
X employees can be seen in the average
25. tenure findings in the US, which have
gradually increased in recent years.
There’s an expectation that average length
of tenure will be driven down by new
Generation Y employees, who want and
expect a varied career and who aren’t
particularly loyal to their employers; PwC’s
Millennials survey2 showed that only one
in five young employees expect to stay
with their current employer in the long
term. However, the analysis shows that
Generation Y does not yet represent a great
enough proportion of employees in the US
to impact overall workforce trends.
Asia-Pacific
CEE
LATAM
Western Europe
US
47
51
70
112
113
26. 0 months 120 months
Average tenure (months)
2 PwC ‘Millennials at work: Reshaping the workplace’ –
December 2011
19
The hiring race continues in Asia
The continuing talent supply problems
in Asia, coupled with aggressive growth
strategies and high levels of employee
churn have resulted in recruitment rates
that are approximately twice as high as in
Europe and the US (at 22%). The average
tenure for employees in Asian organisations
is just under four years.
Despite the prevailing economic
uncertainty, we expect hiring demand will
continue to rise in Asia. Even as labour
costs rise in some fast-growing economies,
business leaders have set out ambitious
plans to expand workforces: 55% of
Asia-Pacific CEOs expect to increase their
company’s headcount over the next 12
months. As a result of this rapid growth,
acquiring talent in the external market is
becoming more challenging and expensive;
43% of CEOs tell us that it has become more
difficult to hire talent in their industry. The
problem is particularly acute in China and
27. Hong Kong, and South-East Asia where
the proportion rises to nearly 60%. This
suggests that there is an urgent need to
strengthen recruitment and workforce
planning processes.
“ As emerging markets accelerate – or maybe the rest of
the world decelerates – there is a significant sense of
urgency. There is the sense that it may already be too
late to place your bets. A second factor to consider is
that it is much more difficult to get into those markets
because of their attitude change. They feel that post-
2008 they have less to learn from the West.”
Lázaro Campos CEO, SWIFT, Belgium
Taken from the PwC 15th Annual CEO Survey
Source: PwC Saratoga analysis
Asia-Pacific (overall)
Asia-Pacific (advanced)
Asia-Pacific (emerging)
United States
Western Europe
22%
21%
24%
10%
28. 11%
0% 25%
External recruitment rate
20
Survivors disengaged
21Key trends in human capital 2012. A global perspective
Engagement is a problem
Employee engagement is the mantra
for HR, as it is critical to performance.
Low levels of employee engagement
tend to result in a higher turnover of
employees, less discretionary effort and
lower productivity.
The data highlights the employee retention
issues that are endemic in Asia. The
median resignation rate for Asia is 15.2%,
approximately twice as high as in Europe
and the US. This is symptomatic of a job
market where frequent changes of role are
the norm for many employees; a recent
survey of 2,200 managers in China showed
that two-thirds had received a competing
job offer in the previous 18 months.3 The
turnover for new hires is even greater,
with 19.2% resigning in the first year of
29. service.4 The evidence suggests that this
trend is likely to continue and is becoming
an established element of employee culture
in Asia.
In contrast to Asia, the data from CEE
shows a sharp reduction in resignation
rates. At first glance this appears to be a
positive indicator; however, local PwC
experience suggests that resignation rates
have fallen simply because employees
are finding it more difficult to find a new
job. This has already been seen in Latin
America, where high unemployment rates
and competition for jobs have driven down
resignations to just 6.3%.
LATAM
Western Europe
US
UK
CEE
Asia-Pacific
6%
7%
8%
9%
30. 10%
15%
0% 20%
Asia-Pacific (overall)
Asia-Pacific (advanced)
Asia-Pacific (emerging)
United States
Western Europe
19%
20%
18%
14%
13%
0% 20%
Resignation rate by region
Resignation rate <1 year (%)
First-year resignations
19.2%
31. 19.2% of new hires in
China resign in the first
year of service
3 MRI China Group Talent Environment Index, 2010
4 ‘Breaking out of the talent spiral: Key human capital trends in
Asia-Pacific’, PwC 2012
22 Key trends in human capital 2012. A global perspective
The engagement problem in Western
Europe is equally pressing. Unemployment
is high and as a result many employees
are choosing to stay in their current role
for the sake of security. While this means
that retention in the short term is good, the
danger is that the continuing lack of job
opportunities has limited the long-term
career choices for employees – and there is
evidence of employee unrest as a result.
Getting reward right
Employee and executive reward continue
to be high on the agenda. Recent
years have seen an increased focus on
remuneration governance, with pressure
from stakeholders to ensure reward policies
are wholly aligned with achieving business
objectives. Analytics have a critical role to
play here in ensuring that organisations
are paying employees at the right level
through a reward structure that drives
sustainable performance.
32. In Asia, many organisations are feeling
the dual impact of strong competition
for talent, but a low level of engagement
among employees. Variable pay features
heavily in Asia, accounting for almost a
fifth of total compensation, compared with
13% in the US and 11% in Western Europe,
driven by higher financial returns.
A primary focus of an organisation’s pay
strategy should be to incentivise employees
to deliver sustainable performance. The
well-publicised failure of the executive pay
model in the West to deliver this outcome
has resulted in increasing pressure for
reform from stakeholders. Research into
incentives by PwC5 has shown that a total
shareholder return approach to reward
produces arbitrary outcomes, while studies
into human reaction to risk suggest that
modern long-term incentives (LTIs) are
not having the desired impact on executive
performance, and so are designed to fail.
HR should closely analyse the LTIs that are
so often used today to ensure they really do
add value. Pay models need to be relevant
to the business outcome, with ambiguity
in pay structure one of the key causes of
misalignment. Organisations that take an
innovative approach are achieving the best
outcomes here, and are able to strengthen
their pay models through links between pay
and sustainable long-term performance.
5 ‘ Making executive pay work: The psychology of incentives’
33. PwC UK, 2012
“ Performance-related pay has now become ubiquitous
and forms a major part of the pay package for
companies globally. However, we have found that
companies are struggling to align rewards with
corporate strategy and individual performance
management, and so frequently do not get the results
they desire from their incentives spend.”
Tom Gosling, partner and head of reward consulting,
PwC UK
23
“ The demographic changes that we see occurring in
many of the regions where we operate – shrinking
populations, an ageing workforce and diversifying
demographics – compounds the challenges we face
and intensifies the war for talent.”
Dr Rüdiger Grube Chairman and CEO, Deutsche Bahn AG,
Germany. Taken from the PwC 15th Annual CEO Survey
25Key trends in human capital 2012. A global perspective
HR rising to
the analytics
challenge
34. Human capital is a vital asset for organisations worldwide.
Business
leaders are looking for growth and human capital makes this
possible,
but is too often treated as purely an operational cost rather than
an
investment. While there is no doubt that the economic
environment
in countries worst affected by the crisis calls for prudence, it is
also
important that organisations adopt a mindset focused on driving
value
from their workforce, not just reducing its cost. HR has a vital
role to
play in this.
26 Key trends in human capital 2012. A global perspective
HR transformed
In response to this increasing demand for
strategic workforce management, there
have been extensive changes to the way
HR is delivered in many organisations.
These include a rapid development in the
skills and capability of HR professionals,
improvements in HR technology, and a
move towards centralised HR delivery
models that are structured by specialism.
In the best organisations, the result has
been an innovative change in the way HR
services are delivered – so much so, that
we’ve seen a rapid improvement in best
practice in many areas, including strategic
35. reward modelling, talent management and
workforce planning.
The bar has also been raised in terms
of best practice HR measurement and
analytics. Improvements in capability
and technology have allowed the best
organisations to advance measurement
practices. Many effective HR management
information methods are available and this
is a great opportunity for HR functions to
show that they can add real value.
A minority of CEOs get comprehensive reports on their
workforce
Q: When making decisions, how important is it to have
information on each of the following talent-
related areas? For those areas that are important to you, how
adequate is the information you
currently receive?
Percentage of CEOs who believe
the relevant information is
important or very important
Do not
receive
information
Adequate
but would
like it now
Not
36. adequate
Information
received is
comprehensive
HR Transformation: Key Changes to the HR function and
management information
1st Generation 2nd Generation
HR function • Review HR delivery model
• Development of Centres of
Excellence
• Re-engineering HR processes to
improve effectiveness
• Focused HR strategy execution
• Global standards for HR delivery
• Continued HR process excellence
• Senior executive sponsors for
HR interventions
HR
management
information
• Implement workforce measures/
balanced scorecards
• Use benchmarks to track
HR effectiveness
37. • ROI analysis of HR function activities
• Workforce analytics and forecasting
• Strategic workforce planning
• Alignment of HRMI across
process areas
Percentage of CEOs
Information
Gap:
CEOs believe
information is
important but
don’t receive
comprehensive
reports
Source: PwC’s 15th Annual Global CEO survey, 2012
Staff
productivity
Employees
views and
needs
Labour costsAssessments
of internal
advancement
Return on
investment
on human
38. capital
Costs of
employee
turnover
100%
80%
60%
40%
20%
0
27Key trends in human capital 2012. A global perspective
20%: Ad hoc/�no formal
approach
75%: established
measurement programme
<5%: full workforce
analytics capability
A minority of CEOs get comprehensive reports on their
workforce
The current state of human capital analyticsUnfulfilled potential
39. In a recent client poll we found that around
75% of organisations have an established
approach to people measurement
incorporating mainstream techniques such
as KPIs, dashboards and benchmarking.
However, no more than 5% of organisations
have, or are developing, a full analytics
capability. This comes at a time when
talent issues are back at the top of CEO
agendas and they are seeking more insight
and impact from HR on workforce analysis.
20% 75% 5%
28 Key trends in human capital 2012. A global perspective
Predictive analysis
HR is increasingly turning to analytics as
a key tool to provide evidence and insight
to support decision-making, but even so,
still lags behind the use of analytics in
other business disciplines such as sales
and marketing. If HR is to prove its worth
as a strategic function, it needs to go one
step further and explore patterns and
correlations in the data, to provide the
evidence and analysis business leaders
need to improve people performance.
Although predictive analytics in HR is
still in its infancy, an increasing number
of multinationals, particularly in the
financial services, professional services
and technology sectors are beginning to
40. build predictive solutions. Organisations
that are focused on talent to drive growth
are especially keen on developing solutions
that predict employee exit risks, or new
hire quality. The ultimate aim should be to
introduce predictive analysis that drives
workforce planning and produces results
that are genuinely helpful.
Predictive solutions in workforce management
Hiring Turnover Performance Engagement Workforce
planning
Predict new
hire quality
Predict
success of
hiring source
Predict flight
risks
Predict
retirement
Predict
performance
Predict
absenteeism
Predict
impact of
engagement
41. drivers
Predict impact
on business
performance
Predict
employee
demand
Predict supply
by role
Driving employee engagement is often
a key focus of HR strategy. Ultimately,
overall productivity levels and financial
results can be used as indicators of past
engagement levels. However, there is more
strategic value in using human capital
analytics such as absence and recruitment
rates, grievances, resignation rates and
productivity indicators to provide insight
into the impact of current engagement on
future business results. An increasing
number are, however, reflecting the need for
analytical skills in their hiring decisions for
the HR function.
29
Human capital reporting in the spotlight
42. While financial information will always
be at the heart of an organisation’s
reporting, stakeholders now expect
information to cover more intangible
aspects such as the risks and
opportunities that could influence
future prospects. Human capital – often
the most valuable intangible asset in
an organisation as well as the largest
controllable cost – is a key piece of
this jigsaw.
Human capital disclosures in corporate
reports have improved steadily over the
past decade, prompted by the greatly
increased scrutiny on organisations from
shareholders, regulators, governments
and other external stakeholders. It’s
become more common for organisations
to provide human capital measures
within their main annual report, often
supported by strategic analysis of the
organisation’s workforce management.
This trend is reflected globally, as
corporate reporting initiatives such
as the EC-sponsored project Valuing
Non-Financial Performance6 and the
International Integrated Reporting
framework being developed by the
International Integrated Reporting
Committee7 (IIRC), recognise the need
for better alignment of human capital
and broader business reporting.
Despite the improvements in human
43. capital reporting, it’s clear that there
is still a lot to be done. PwC’s annual
award for ‘people reporting’ in the
UK’s largest companies,8 for instance,
showed that only 33% of companies set
out a clear link between their people
strategy and business strategy, and only
4% referred to the ROI delivered by
their workforce. While organisations
are better at describing what human
capital is, they still struggle to provide
disclosures describing why it’s essential
to achieving business priorities. A
detailed description of the actual value
of human capital within an organisation
is very rare.
“ Human capital is central to the corporate reporting
model set out within the IIRC’s recently released
proposals for an International Integrated Reporting
Framework. The discussion paper, ‘Towards
Integrated Reporting: Communicating Value in
the 21st Century’, recognises that the drivers of
corporate performance have changed and that,
for many companies, the frequently cited mantra
‘people are the key to our success’ needs to be better
reflected within company disclosure. We are seeing a
rapid evolution in corporate reporting in response.”
Jessica Fries, Integrated Reporting, PwC UK and
IIRC Board Director
6 www.investorvalue.org
7 www.theiirc.org
8 Building Public Trust Awards UK
44. 30 Key trends in human capital 2012. A global perspective
Addressing talent supply
Four out of five companies surveyed in
PwC’s Asia-Pacific study do not have
dedicated HR resources responsible for
talent management strategy
The ongoing talent supply problems faced
by organisations in Asia have inevitably
occupied a significant amount of HR’s
time, often at the expense of longer
term workforce planning and talent
management. Strong growth and rapidly
changing economies have meant that
workforce strategies in the region tend to
be reactive to changes in overall business
strategy, rather than proactively driving
business outcomes, and HR functions are
invariably operational and non-strategic.
The need to effectively plan and implement
changes in workforce structure is a key
challenge for many organisations as they
seek to take advantage of growing Asian
markets. For many, this will mean radically
reinventing their approach to talent,
and a targeted investment in strategic
HR processes.
Addressing talent supply
Four out of five companies surveyed in
45. PwC’s Asia-Pacific study do not have
dedicated HR resources responsible for
talent management strategy
80%
31
“ Short-term foresight and slow reaction to people issues are
barriers
to driving financial performance in the growing Asian markets.
We’ve seen a tendency for organisations to use a traditional
approach to workforce planning when a more strategic approach
is required. This entails annual forecasts of supply and demand;
however in this very dynamic region, we need much better
transparency and control on a monthly basis.”
Adam Salzer, Director in Consulting, PwC Hong Kong
32 Key trends in human capital 2012. A global perspective
Priorities for business
33Key trends in human capital 2012. A global perspective
Businesses remain ambitious despite
the economic environment and CEOs
continue to plan for growth. Intelligent
workforce planning will be a vital element
46. of any strategy and the organisations
that stand out against the competition
will be those that are able to harness
the newly developed potential of human
capital analytics.
There are important messages
to remember:
Learn from the best. The talent supply
chain should be managed with the same
rigour as every other vital resource. The
development of predictive analysis in
human capital measurement is a strong
opportunity for organisations at a time
when everyone is working to coax the most
out of their people. Best practice is already
emerging, and there’s much to learn from
those that are ahead of the curve.
Focus on productivity. Make sure all your
talent management interventions have the
right impact on productivity and contribute
to creating value. Keep a close eye on the
key measures and how your peers are
performing. CEOs need help and HR needs
to take a lead.
Concentrate on engagement. Employee
engagement is clearly a problem, both for
the West where low levels of engagement
are the legacy of the financial crisis, and
in Asia, where job-hopping has become
standard practice. Engaged employees are
productive employees.
47. Think carefully about reward. Too many
organisations are placing emphasis over
performance-based and variable pay, when
the evidence is mounting that incentives
don’t necessarily work. Different sections
of the workforce are motivated by different
things and non-financial rewards are
increasingly valued by employees.
Look out for rookies. The Millennial
generation has been hardest hit by the
downturn, but time will make them the
dominant force in future workforces.
Organisations in Asia are already
struggling with their propensity to switch
jobs frequently – finding ways to persuade
young people to stay should be a priority.
Invest in analytics. Organisations have
been late to recognise the value of good
quality HR management information
affecting their ability to be a strategic
contributor. HR strategy should
reflect a commitment to acquiring the
systems and skills to build credible
analytics capabilities.
But select your metrics wisely.
Technological advances and the growing
interest in human capital analytics means
that the volume of information has
increased exponentially, but not always to
great effect. The key to success is intelligent
and targeted use of the data available.
48. 34 Key trends in human capital 2012. A global perspective
In conclusion
Organisations cannot realise their growth
potential without the people to make it happen.
Businesses that develop a well-informed and
proactive approach to strategic workforce
planning have an opportunity to gain a crucial
competitive edge. Getting talent management
right means you can worry less about
your talent problems and more about your
business opportunities.
Whatever the size or shape of your business,
we believe there are four fundamentals to
talent management:
35Key trends in human capital 2012. A global perspective
1. 2. 3. 4.
Align your business plan
and talent strategy – make
sure every aspect of your talent
strategy directly contributes
to your overall business plan
and to creating value. Change
anything that doesn’t.
Face the future – look at
where your business is heading,
not just where you’ve been.
Keep questioning whether your
talent management pipeline
49. will give you what you need
when you need it.
Pay attention to pivotal
roles – get the right talent
into the roles that have a
disproportionate ability
to create (or destroy)
business value.
Focus on the financials
– make measurement,
benchmarking and predictive
analytics part of your plan.
Look to your people ROI.
36 Key trends in human capital 2012. A global perspective
Behind the numbers
PwC Saratoga has developed and applied
meaningful metrics to help organisations to
maximise their ROI for over 30 years.
Today, we integrate employee attitudinal
research and metrics to drive execution
action and support clients who are looking
to develop and deploy dashboards,
employee surveys, predictive solutions,
conduct workforce planning initiatives and
benchmark the workforce and HR function.
For this study, we integrated findings from
our Saratoga teams in the US, Western
50. Europe, AsiaPac, LATAM and CEE, in order
to look closely at comparisons between
key workforce effectiveness measures,
drawing on our global database of over
2,400 organisations.
As part of our approach, we analyse data
submitted by client organisations for over
60 metrics. The following selected metrics
have been used within this report.
Metrics formulae
Human capital impact
Human capital return on investment
(HC ROI)
X : 1 (Profit before tax + Compensation +
Benefits) ÷ (Compensation + Benefits)
Revenue per FTE $ Revenue ÷ Total FTEs
Remuneration/Revenue % (Compensation + Benefits) ÷ Revenue
Compensation and benefits
Variable pay % (Performance related pay + Attendance-
related pay) ÷ Compensation
Performance-related pay % Performance-related pay ÷
Compensation
Average remuneration $ (Compensation + Benefits ) ÷ Total
FTEs
Human capital engagement
Resignation rate % Resignations ÷ Headcount
Resignation rate < 1 year % Resignations less than 1 year ÷
Headcount
51. less than 1 year
High performer turnover rate % High performer turnover ÷ High
performer
headcount
External recruitment rate % External recruits ÷ Headcount
Organisation and workforce structure
Rookie ratio % Headcount less than 2 years of service ÷
Headcount
Executive stability ratio % Executive Directors less than 3 years
service ÷ Executive directors
FTEs per HR Department FTE X : 1 FTEs ÷ HR Department
FTEs
37Key trends in human capital 2012. A global perspective
Contacts
To discuss the issues highlighted in this report, please contact
your local PwC contact, or one of the following:
Key contacts
Richard Phelps
Global Leader Human Resource
Management Consulting
+44 20 7804 7044
[email protected]
Justine Brown
Marketing
Human Resource Services
+44 113 289 4423
[email protected]
52. North America
Scott Olsen
+1 646 471 0651
[email protected]
Nik Shah
[email protected]
+1 703 918 1208
Western Europe
Peter De Bley
+32 2 710 43 21
[email protected]
Jon Andrews
+44 20 7804 9000
[email protected]
Central and Eastern Europe
Zsolt Szelecki
+3614619733
[email protected]
Middle East
Christopher Box
+974 4419 2852
[email protected]
Africa
Gerald Seegers
+27 (11) 797 4560
[email protected]
China /Hong Kong
Mandy Kwok
+852 2289 3900
[email protected]
Adam Salzer
+852 2289 5033
[email protected]
Singapore
Thorsen Barth
53. +65 6236 4382
[email protected]
India
Sankar Ramamurthy
+91 (124) 4620560
[email protected]
Australia
Victoria Keesing
+61 (2) 8266 0035
[email protected]
Brazil
Joao Lins
+55 11 3674 3941
[email protected]
Acknowledgements
Our thanks go to the contributors from
our Saratoga teams across the world,
who contributed to writing this report.
Particular thanks go to Jonathan Moses
(UK), Michael Wood (Australia),
Jon Burton (US), Abu Amin (Singapore),
Parul Dattani (Research) and
Seema Shah (Research).
38 Key trends in human capital 2012. A global perspective
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58. retaining and rewarding
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39Key trends in human capital 2012. A global perspective
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