© 2014, Future of Talent Institute
ATC 2014 | Sydney
Presented by Kevin Wheeler
Fearless Forecast Workforce 2014 & Beyond
© 2014, Future of Talent Institute
Data Analysis
Capability Growth
Automation
Agility
Morphing Workforce
5 Key Focus Areas
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© 2014, Future of Talent Institute
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
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Source: http://www.mckinsey.com/insights/employment_and_growth/the_world_at_work
© 2014, Future of Talent Institute
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© 2014, Future of Talent Institute
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© 2014, Future of Talent Institute
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
© 2014, Future of Talent Institute
© 2014, Future of Talent Institute
Two-Thirds of Work is Done Outside of
Organisational Workspace
8
Corporate Office
35%
Co-Working/Cafe
35% At Home
35%
Growth is here
© 2014, Future of Talent Institute
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© 2014, Future of Talent Institute
The Augmented Individual
Internet &
software are
augmenting
the human
mind
The “Engine” of the 21st Century
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Fewer people, doing more, with less.
© 2014, Future of Talent Institute
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© 2014, Future of Talent Institute
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© 2014, Future of Talent Institute
Social Power of
Automation & Robotics
-McKinsey Global Institute.
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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
© 2014, Future of Talent Institute
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.
© 2014, Future of Talent Institute
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That Will Change Everything
© 2014, Future of Talent Institute
Social Media & mobile are key to candidate
awareness and engagement.
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Yammer
© 2014, Future of Talent Institute
Co-Working Spaces
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Massive Open Online Course
Augmenting Sourcing Referrals
© 2014, Future of Talent Institute
Employers will make decisions about
candidates based on everything about
them on the web.
© 2014, Future of Talent Institute
Candidates will Showcase Their Skills
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© 2014, Future of Talent Institute
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21
st C
en
tury
Resu
me
© 2014, Future of Talent Institute
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Redesigning Screening
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Assessment will go Automated
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© 2014, Future of Talent Institute
Reinventing & Automating Relationship
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© 2014, Future of Talent Institute
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
© 2014, Future of Talent Institute
Sourcing & assessment will be
about drawing information
from candidate data 26
© 2014, Future of Talent Institute
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© 2014, Future of Talent Institute
Jobs that are DYNAMIC,
evolving, global and highly
varied.
© 2014, Future of Talent Institute
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
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© 2014, Future of Talent Institute
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.
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© 2014, Future of Talent Institute
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THANKS
YOUR THOUGHTS & QUESTIONS
Follow me on Twitter: @kwheeler
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