The 2020 Talent Challenge TALENT STRATEGIES FOR A DISRUPTED WORLD - PowerPoint PPT Presentation

The 2020 Talent Challenge TALENT STRATEGIES FOR A DISRUPTED WORLD Anne Fulton CEO / CO-FOUNDER FUEL50 | WWW.FUEL50.COM

Employee experience in the workplace “ Disruption is here. You are either the disruptor or the disrupted. I would argue that engagement and career opportunities are more important during these times of turmoil.” – Aatari Chaos New Normal

WHAT DO YOU WANT TO BE WHEN YOU GROW UP? 3

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But the reality is … 70% of young people currently enter the workforce IN JOBS THAT WILL BE ’radically affected by automation’ 5

Automation due to mechanized robots (humanoid or drone-shaped) and AI software is predicted to eliminate 6% of jobs in the U.S. in the next five years 6

THE WORLD OF WORK IS CHANGING … Jobs at risk of automation TELEMARKETER TRUCK DRIVER POSTAL TRAVEL AGENT FISHERMAN SERVICE FARMER LIBRARIAN PILOT TAXI/UBER BANK TELLER DRIVER 7

SO SHOULD WE BE WORRIED? Among 4,000 senior decision makers globally … almost 50% Don’t know what their industry will look like in just three years’ time 45% Are concerned about becoming obsolete in just 3-5 years 73% Believe they need to be more ‘digital’ to succeed in the future. 8

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70% of high retention risk employees say they have to leave to advance their careers WILLIS TOWERS WATSON 11

The 2020 career challenge: A disrupted career landscape Position seniority Source: CEB 2015 Careers Employee Survey n = 8,500 Tenure

n = 8,550 CEB (2015) Design careers around experiences, not positions, to increase satisfaction 24% 11% Careers designed around positions Careers designed around experiences 13

Talent leverage On-the-job development opportunities such as lateral moves increase engagement by up to 30% CAREER ENGAGEMENT BENCHMARKING RESEARCH, FUEL50 (2016) 14

Redefining the career experience Talent Agility for a 2020 world Fuelling workforce agility through career pathing @careerengager #fuel50

Individuals need individualized career propositions. 17

Personalized career value Values propositions. WorkFit Talents

The traditional 9-box is not delivering workforce agility Rough-diamond Future star Consistent star Low performer Moderate performer High performer High potential High potential High potential Inconsistent player Key player Current star Potential Low performer Moderate performer High performer Moderate potential Moderate potential Moderate potential Talent risk Solid professional High professional Low performer Moderate performer High performer Low potential Low potential Low potential Performance 19

A new model for succession planning Performance 20

Talents-based career pathing Fuel50 Performance vs Passion talent matrix Performance “I am good at this” Marketable talent Talent to leverage Talent sweet spot Marketable talent Emerging talent Motivated talent Investment talent Talents to avoid using Potential talent Grow this Passion “I love to do this” 21

Best in class career engagement benchmarking research Career Engagement Group

What we did Identified aspirational career practices • Invited Senior HR practitioners from • around the globe to participate Over 100 respondents • US, UK, Australia and NZ • Career Engagement Group

High level benchmarking research findings Career Engagement Group

A best in class career ROI Outcomes engagement model Decreased absenteeism • Reduced attrition • Reduced hiring costs Communication • Increased customer • Employee empowerment satisfaction • Capability Increased customer loyalty • Career Increased productivity per • Leader enablement engagement employee Compatibility Increased revenue per • Organizational execution employee Increased innovation Contribution • Increased internal mobility • Increased ability to fill key • roles internally Improved ROI on talent • investments Increased promotion rate • Career Engagement Group

Organizations with the highest career benchmarking score also had: ✓ Reduced recruiting costs ✓ Lower absenteeism ✓ Reduced turnover ✓ Increased ability to recruit internally ✓ Higher revenue growth per employee Career Engagement Group

Pillars of engagement The 3 E’s of career engagement Employee empowerment Leader enablement Organizational execution Career Engagement Group

Our top 6 best in class practices #1 Invest in talent mobility #2 Build an agile career development mind set #3 Enable careers at all levels #4 Empower managers to become talent champions #5 Build leader coaching capability #6 Increase visibility of talents and career paths Career Engagement Group

Best in class career practices deliver business results Career Engagement Group

RAISING ENGAGEMENT PERFORMANCE | ROI outcomes 32

Career pathing is the why Career Engagement Group

Career pathing The neglected piece of the HR tech landscape Career pathing is talent management’s new frontier Recruiting On-boarding Performance Mobility Learning Succession Career pathing Career Engagement Group

The Career FuelValues Fuel Why would I How can I Custom Review Is this the Pathways – join? grow my Career Value Values Fit right fit for pre hire fit A personalized career here? Propositions me? and visibility Experience career value proposition FuelValues to future path TalentFit 1 . A T T R A C T 2 . O N B O A R D Map with Fuel50 FuelPathing Find my future role Team Fit A L I G N FuelGoals FuelMentor FuelCoach FuelChat Values & 3 . Create my FuelGig Mentor Find a Get live real- Purpose PATHING Learning Experience matching coach time career Alignment Growth Map Marketplace advice Toolkits FuelGig 4 . G R O W I N R O L E FuelFit Find a Check my Fit Stretch & Gaps for Assignment Aspirational Roles FuelGig Find a Learning Gig 5 . P E R F O R M A N C E 6 . S T A Y A G I L E 7 . S T A Y , L E A V E , C O M E B A C K Fuel Alumni Career Portal FuelGoals FuelRetention FuelLeaders FuelGig Feedback FuelCoaching FuelGig FuelAgility Keep my talents live , Targeted Stay Find External Performance Retention Risk Get 360 Team Insight For agile For Talent searchable and Conversations Secondments Conversation Indicator feedback and Coaching teaming Mobility marketable to the Tools Tools business 36

The employee experience… Talent enablement market place Pathing Gigs Stretch Coaches Learning Paths Growth Conversations

JOIN THE CAREER EXPERIENCE REVOLUTION Anne Fulton CEO / CO -FOUNDER, FUEL50 go.fuel50.com/join SUBSCRIBE TO OUR #CAREERLABCOMMUNITY