THE FUTURE OF WORK AND THE TALENT IMPERATIVE Tackling talent shortage in a VUCA world

Transcription

1 THE FUTURE OF WORK AND THE TALENT IMPERATIVE Tackling talent shortage in a VUCA world Swiss-American Chamber of Commerce CEO Luncheon, Zurich September 13,

2 Content The Talent Imperative in the VUCA world (Volatility, Uncertainty, Complexity, Ambiguity) 5 Key Drivers for the Labour Market Learning from the Talent Champions : Switzerland and the USA from Top to Toppling 2

3 THE TALENT IMPERATIVE IN THE VUCA WORLD 3

4 Securing the workforce lever in a world of ambiguity The most complex variable and the most crucial for the competitiveness of companies Climate change influences commodity prices THE VUCA WORLD WORKFORCE Increasingly contingent Increasingly dispersed Needing training/reskilling Farage s Brexit message woos Trump fans Uber Drivers Up Against the App TALENT STRATEGY FOCUS Flexibility Education International Mobility Diversity Simplification French workers step up protests as gas supplies run dry 4

5 5 KEY DRIVERS FOR THE LABOUR MARKET 5

6 Labour Market: 5 key drivers Complex and interconnected conditions ECONOMY TECHNOLOGY DEMOGRAPHICS SOCIOLOGY REGULATION 6

7 Economy is dominated by volatility & uncertainty Flexibility is a must to cope with volatility and stay competitive Idle/ Layoffs Demand Level Traditional Workforce Contingent Contingent Payroll $ Idle/Layoffs Pre-crisis Workforce Permanent Present Workforce GDP growth and volatility (Source: SIA World Employment Conference, 2011/Adecco 2015) / (Source: BLS, Eurostat) 7

8 A flexible organization has developed within every company A talent strategy is needed to boost productivity, innovation and top line Permanent /indefinite contract 1,072bn$ SOW Total Workforce Independent Contractors Total Contingent 3,153bn$ 1,055bn$ 673bn$ Direct short-term 33% of workforce is contingent 354bn$ Temp. Staff (Sources: SIA 2015) 8

9 Technological convergence produces skills shortage Education is crucial to shape the new skills for the present and future of work JOB OPPORTUNITIES FOR TODAY AND TOMORROW IT/Digital/Robotics Security analysts Data scientists Cloud architects Gamification designers Avatar managers Community managers Green Jobs Wind energy operations managers Automotive engineers 60% of young people entering the world of work by 2025 will perform jobs not existing today Healthcare/Personal Care Bioinformatic technicians Informatics nurse specialists Nuclear medicine technologists Medical equipment repairers Health and wellness educators Personal trainers 9

10 Demographics: ageing trends cause labour shortfall International mobility is key to balance surpluses and deficits of skills across the world By 2035 younger generations predicted to halve Switzerland will face a labour shortage between 500k/1MIO by 2030 Population 65 + Forecast In the meantime August 15, 2106 August 19, 2016 (Sources: Population Division of the Department of Economics and Social Affairs of the United Nations Secretariat, 2015 / Boston Consulting Group, The Global Workforce Crisis, $10 Trillion at Risk, 2014) 10

11 Sociology: workers become contractors Key to boost and manage diversity in terms of age, gender, origin and contracts Nature of employment relationship Boomers (1946/1964) Gen X (1965/1979) Gen Y (1980/1995) Gen Z (After 1995) Job for life Employability Freelance On-demand expertise Contracts Open ended contract Diversity of labour contracts Self employed Contract for services Length Decades Years Months/Days Hours/ Minutes Place of the relationship Intraenterprises Interenterprises Projects Real time market places Evolution of employment contract, duration, and relationship (Source: Ciett, WEC 2014, Denis Pennel) 11

12 Regulation: complex bureaucracy and instability Simplification and innovation to harness the Uberization of work 3400 PAGES 30 PAGES 21.1% youth unempl. 3.1% youth unempl. (Sources: Eurostat SECO) 12

13 LEARNING FROM THE TALENT CHAMPIONS : SWITZERLAND AND THE USA FROM TOP TO TOPPLING 13

14 Global Talent Competitiveness Index TOP 20 Top 20 Global 1 Switzerland 2 Singapore 3 Luxembourg 4 United States 5 Denmark 6 Sweden 7 United Kingdom 8 Norway 9 Canada 10 Finland 11 New Zealand 12 Netherlands TALENT CHAMPIONS COUNTRIES Flexible labour markets Talent mobility Top level education Vocational training (Sources: INSEAD, Adecco Group, HCLI - Global Talent Competitiveness Index ) 13 Australia 14 Germany 15 Austria 16 Ireland 17 Iceland 18 Belgium 19 Japan 20 Czech Republic 14

15 Switzerland and the USA Strengths and weaknesses of the Sister Republics 15

16 Education: the employability imperative The Swiss apprenticeships model for the USA and the world Vocational training and new learning schemes in the USA Kentucky YES: 1500 students 2015/2016 LearnUp partnership: train entry level hires to match employers needs USA Global Apprenticeship Network Annual Conference Washington, October 6, 2016 In collaboration with US Dep of Labour With participation of Secretary of Labor, Thomas Perez and Vice President Joe Biden 16

17 Mind the Gap : foster openness to secure competitiveness Switzerland and the USA must keep attracting the best talent to boost productivity, diversity and innovation Talent GAP 300,000 commuters every day in/out Switzerland 63% of Adecco CH associates are foreign born 26.3 million foreign workers in the USA Switzerland 2030 if immigration is banned: older and lacking medical assistance Skill shortage by sector Diversity and innovation 45% Swiss skilled workers in chemicals, pharmaceutical and biotechnology industries are immigrants In the USA, foreign born: are twice as likely to start a business patent twice as much as native-born found 1 in 4 technology start-ups Some Cases Healthcare Teaching & Education Engineering Advertising, Technicians marketing and tourism Jan Koum Arianna Huffington Sergey Brin (Source: BFS Aktuell, Arbeitsmarktindikatoren Arbeits und Fachkräftebedarf der Schweiz, Uni Basel, 2014 // INSEAD, Adecco Group, HCLI - Global Talent Competitiveness Index ) 17

18 Switzerland and the USA: recommendations Focus on education, innovation and openness to secure diversity and boost prosperity Regulators Flexible labour markets and ease of doing business Public-private alliances to develop employable skills and match business needs Apprenticeship model in the USA Boost openness: Secure mobility of skilled talent and foster diversity Oppose populist policies Companies Contingent workforce based on economy and life-cycle Foster mobility Boost diversity Internship/Apprenticeship schemes Training & lifelong learning 18

19 THANK YOU! For any question, resource, idea or 19