#ATC2014 Kevin Wheeler's Fearless Forecast- Workforce 2014 & Beyond

© 2014, Future of Talent Institute

ATC 2014 | Sydney

Presented by Kevin Wheeler

Fearless Forecast Workforce 2014 & Beyond


Data Analysis

Capability Growth

Automation

Agility

Morphing Workforce

5 Key Focus Areas

2


38-40 million fewer workers with a college/postgraduate degree than needed. 13% more demand than supply.

45 million too few workers with secondary education. 15% fewer than needed.

90-95 million low-skill workers (without college or secondary education) than employers will need. 11% oversupply.

State of Global Labour Supply

3

Source: http://www.mckinsey.com/insights/employment_and_growth/the_world_at_work


4


5


IPOs per year in the US

800

700

600

500

400

300

200

100

0

19

80

1

98

1

19

82

1

98

3

19

84

1

98

5

19

86

1

98

7

19

88

1

98

9

19

90

1

99

1

19

92

1

99

3

19

94

1

99

5

19

96

1

99

7

19

98

1

99

9

20

00

2

00

1

20

02

2

00

3

20

04

2

00

5

20

06

2

00

7

20

08

2

00

9

20

10


Two-Thirds of Work is Done Outside of

Organisational Workspace

8

Corporate Office

35%

Co-Working/Cafe

35% At Home

35%

Growth is here


9


The Augmented Individual

Internet &

software are

augmenting

the human

mind

The “Engine” of the 21st Century

10

Fewer people, doing more, with less.


11


12


Social Power of

Automation & Robotics

-McKinsey Global Institute.

13

Capital is substituting for Labour

© 2014, Future of Talent Institute 14

What’s the

Probability

YOUR Job

will be

Automated?

HIG

HLY L

IKELY

N

OT L

IKELY


Ability to meet client needs as

fast as (or faster than)

expectations.

Systems built for flexibility

and quick change.

Proactive sourcing – able to anticipate

market direction.

Capable of quickly assessing

candidates through

automated tools.

Lower costs; remain

profitable.


16

That Will Change Everything


Social Media & mobile are key to candidate

awareness and engagement.

17

Instagram

Reddit

LinkedIn

Yammer

Pinterest


Co-Working Spaces

18

Massive Open Online Course

Augmenting Sourcing Referrals


Employers will make decisions about

candidates based on everything about

them on the web.


Candidates will Showcase Their Skills

20


21

21

st C

en

tury

Resu

me


22

Redesigning Screening


Assessment will go Automated

23


Reinventing & Automating Relationship

24


What’s Possible in 3-5 Years?

Aggregation and Intelligent analysis of multiple, seemingly unrelated datasets.

Access to vast amounts of unstructured data.

Ranking of quality/trustworthiness/and other factors based on recorded behaviors.

Automation of sourcing, assessment and most engagement.

Ability to prescribe who would best fit a need based on multiple past searches and probability analysis


Sourcing & assessment will be

about drawing information

from candidate data 26


27


Jobs that are DYNAMIC,

evolving, global and highly

varied.


Typical Worker 2020-2024

Half of workforce is Gen Y. Typical workers is 35. Has never had

a “normal” job or has had one briefly.

Assessed & valued by their network with strong social influence

scores and endorsements.

Finds work via skills marketplaces, peer networks, referrals,

collaboration, social media.

Recruiting is about matching, fit, “now needs,” “now

fulfillment.”

Mobile, wearable tools abound

29


Typical Worker 2020-2024

• Cycles between projects & longer term contracts.

• Expects to be guided by process and goals, not a

manager.

• Self-learning dominates.

• Measure of success is peer respect, goal achievement

(performance), and flexibility.

• Performance measured by social media, web presence,

peer comments, analysis of work output.

• Workplace may be anywhere - mobile/fixed/remote/virtual.

30


31

THANKS

YOUR THOUGHTS & QUESTIONS

Follow me on Twitter: @kwheeler

Follow ATC: @ATCEvent

#ATC2014 Kevin Wheeler's Fearless Forecast- Workforce 2014 & Beyond

Business

Transcript of #ATC2014 Kevin Wheeler's Fearless Forecast- Workforce 2014 & Beyond