ManpowerGroup Thursday 21 May

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1 ManpowerGroup Thursday 21 May

2 The Human Age: Global Employment Trends and the Role of the Private Sector Rommel G. Roque Executive Director Asia Pac & Middle East Country Manager Philippines ManpowerGroup Thursday 21 May

3 Talent in the Human Age Certain Uncertainty Employers need to capitalize on transient competitive advantage quickly to do this, talent is critical Economic Recovery Globally uneven Recession Risk Slow Job Creation Income Inequality Employers Disruptive Forces Impacting the World of Work Shifting Demographics Population decline Shrinking workforce Youth Unemployment Gender Inequality Rapid Advances in Technology Disruption Collaboration Mobility Sheer speed ManpowerGroup Thursday 21 May

4 ManpowerGroup: Workforce Experts ManpowerGroup Thursday 21 May

5 World of Work Trends DEMOGRAPHICS The Talent Mismatch is deepening as the working age population declines and the nature of work changes. RISE OF CUSTOMER SOPHISTICATION Rising Customer Sophistication requires businesses to deliver greater value and efficiency. World of Work Trends INDIVIDUAL CHOICE Individual Choice will be exercised by those with in-demand skills. The Rise of Voice means business must take note of external social forces. TECHNOLOGICAL REVOLUTIONS Technological Revolutions have the power to change where, when and how we work. The rate of change is unprecedented. ManpowerGroup Thursday 21 May

6 World Population Shifting Demographics By 2050, Europe will have almost twice as many people over the age of 65, as under 15 By 2020, the US economy s demand for labor will outstrip supply by almost 18 million people By 2050 China s over 65s will likely constitute a population larger than the entire population of the United States In North and West Africa, more than one-quarter of the population is under age 15 and unemployment rates for young people exceed 30% Source: CIA World Fact Book YOUNG POPULATION IN PH years comprised 36.72% of the total population, while 53.2% are from ages 0-24 years ManpowerGroup Thursday 21 May

7 Overseas Filipino Workers Major Occupation Categories of Land Based Workers 1. Service workers (Domestic workers) 2. Production workers (factories) 3. Professional and technical workers (Dancers, singers, nurses) 4. Clerical workers 5. Sales workers 6. Administrative and managerial 7. Agricultural workers Landbased Seabased ManpowerGroup Thursday 21 May

8 Five Generations in the Workplace by 2020 Each generation has different motivations and expectations for work. Traditionalist Boomer Gen X Gen Y Gen Z Hierarchical Idealistic Pragmatic Immediacy Digital natives Present ManpowerGroup Thursday 21 May

9 Technology and the Displacement of Jobs Compared to the Industrial Revolution, change is happening 10 times faster and at 300 times the scale, or roughly 3,000 times the impact. Standing still and holding on to what used to get results is no longer possible. ManpowerGroup Thursday 21 May

10 Bifurcation and Skills Shortages Product lifecycles have been dramatically reduced, innovative breakthroughs can be obsolete before launch, and the life cycle of skills is under as much pressure. ManpowerGroup Thursday 21 May

11 Index (base year=2007) The Missing Ingredient: Wage inflation Average real wage index for developed G20 countries, Source: ILO Global Wage Report 2014/ Australia; 108, Canada; 105,0 Germany; 102,7 France, United States; 101,4 98 Japan; 98,7 Photo: G.N. Miller. New York Post. 4 December Italy; 94,3 United Kingdom; 92, ManpowerGroup Thursday 21 May

12 The Missing Ingredient: Wage inflation Average monthly wages countries from Asia and the Pacific with broadly comparable data, 2013 or latest available year (US$) ManpowerGroup Thursday 21 May 2015 Source: ILO: Global Wage Database 2014/15, based on national statistics 12

13 The Future of Asia Pacific Workforce Percentage of Employers Reporting Difficulty Filling Jobs Sources: ManpowerGroup Talent Shortage Survey, PH data from Philippine Statistics Authority BLES Integrated Survey ManpowerGroup Thursday 21 May

14 The Future of Asia Pacific Workforce Top 10 Jobs Employers are Having Difficulty Filling Top 10 In-Demand Jobs in the Philippines 1. Accountants and auditors 2. Electronics and Communication Engineers 3. Systems Analysts and Designers 4. Mechanical Engineers 5. Electrical Engineers 6. Industrial Engineers 7. Medical Technologists 8. Pharmacists 9. Teaching Professionals for the handicapped and disabled 10. Chemical engineers Source: ManpowerGroup Talent Shortage Survey Source: DOLE ManpowerGroup Thursday 21 May

15 The Future of Asia Pacific Workforce DOLE's list of 43 cross-cutting in-demand and hard-to-fill occupations: Accountant Agriculturist Accounting staff Air-conditioning technician Animator Carpenter Cashier Civil engineer Chemical engineer Computer programmer Draftsman Electrical engineer Electrical technician Florist Food technologist Forester Geodetic engineer Heavy equipment operator Herbologist Food technologist Forester Geodetic engineer Heavy equipment operator Herbologist Human resource manager IT specialist Industrial engineer Instrumentation technician Landscape artist Legal transcriptionist Librarian Machinist Mason Materials engineer Mechanical engineer Medical technologist Metallurgist Nutritionist Painter Pharmacist Physician Plumber Sanitary engineer Software developer Systems analyst Veterinarian Web designer Welder ManpowerGroup Thursday 21 May

16 The Future of Asia Pacific Workforce ManpowerGroup Thursday 21 May 2015 Image from: 16

17 The New Normal ManpowerGroup Thursday 21 May

18 Become A Talent Destination Talent Resourcing Talent Management Talent Development Talent Sources Do we know all of our talent supply options? How can we optimize the talent we have? What talent strategies can we deploy to reach under-tapped and untapped talent pools? Work Models How do we manage talent to drive productivity? How do we manage a diverse workforce? How do we inject flexibility into our workforce mix? People Practices Today s practices were created with outdated assumptions so why are will still using them? What new practices will we need in order to attract, develop and retain the talent? ManpowerGroup Thursday 21 May

19 QUESTIONS? ManpowerGroup Thursday 21 May