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Impact of talent transformation as part of a growth strategy

Date post: 22-Jan-2018
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IMPACT OF TALENT TRANSFORMATION AS PART OF A GROWTH STRATEGY.
Transcript

IMPACT OF TALENT

TRANSFORMATION

AS PART OF A

GROWTH STRATEGY.

DIGITAL TECHNOLOGY IS TURNING OUR LIVES ON ITS HEAD!

world’s largest taxi company

owns no taxis

world’s largest accommodation

provider owns no real estate

major phone companies do not

own telecommunications

infrastructure

world’s largest accommodation

provider owns no real estate

most popular media owner

on the planet creates no

content

large software vendors do not write the software

major movie houses

have no cinemas

Skype Facebook

Apple and Google

NETFLIX

With digital technology impacting

every aspect of our lives,

can work be immune to digital

disruption any more?

The Titanic seemed unsinkable.

However, it did not anticipate the iceberg that broke its pace.

Digital disruption is the iceberg that companies

must anticipate as soon as possible!

NEW DIGITAL WORLD OF WORK

Demographic

upheavals:

Millennials make up more than half the

work force and Boomers are working

into their 70s and 80s

Digital Technology is

everywhere:

Technology is disputing business

models and radically changing the

workforce and how work is done

Rate of change has

accelerated:

Business must become more agile to keep up

with the rapid pace of change

New social contract between

employee and work:

Younger workers demand rapid career growth,

compelling and flexible workplace and a sense

of purpose at work

DIFFERENT STROKES FOR DIFFERENT FOLKS

Increasingly diverse: gender, age, culture and nationality

Multi-generational workforce Inc. for incorporation

Merging work and life for hyperconnected employees

Emergence of a new set of digitally skilled employees

Employee is also the consumer of the employer’s brand

But, people management continues to be

the biggest bottleneck to digital

transformation.

The way companies hire,

manage, train and organize is

undergoing radical change.

40% of the US population

believes it is impossible to

succeed at work and have a

balanced family life.

The "average" US worker works

47 hours and 49% work 50+

hours per week, 20% at 60+

hours

The overwhelmed employee

The average mobile phone

user checks their device 150

times a day

The "average" US worker now

spends 25% of their day reading

or answering emails.

More than 80% of all companies

rate their business "highly

complex" or "complex" for

employees.

Fewer than 16% of companies

have a program to "simplify

work" or help employees deal

with stress.

DYNAMICS OF DIGITAL DISRUPTION

Focus is on the employee, not HR

Hiring has moved far beyond the rolodex and

connections

Learning is the new earning curve

Engagement and culture vultures take over

Crafting the employee experience

THE FUTURE OF WORK

Lies at the intersection Of Artificial Intelligence and HR

Cognitive computing will transform key dimensions of HR

Chat bots for employees 24/7

Massive Open Online Courses (MOOCs)

HR Operations

Talent Acquisition

Talent Development

Employee engagement

Talent Transformation is possible

now with AI, Analytics and Design

Thinking

CEOs can finally propel

organizations across limiting ceilings

and bottom lines!

But that’s only the tip of the iceberg!

A PEEK INTO THE FUTURE WITH AI

Optimize intellectual capital

Decision making backed by data

Reduced human errors and bias

From doing things differently to doing different things

The future belongs to

companies who harness the

power of AI wisely and

make the shift from doing things

differently to doing different

things

The future belongs to

companies who harness the

power of AI wisely,

and make the shift from doing

things differently to doing

different things

Thank You


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