Winning the Hearts Megatrends and future of talent David Gray
Winning the Hearts
Megatrends and future of talent David Gray
Megatrends – Reshaping the world is an art
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Shift in global economic power
The aggregate purchasing power of the ‘E7’ emerging economies will overtake that of the G7 by 2030. The global emerging middle class will represent an annual market of some US$6 trillion by 2021.
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Rapid urbanisation
In 1800, 2% of the world’s population lived in cities. Now it’s 50%. Every week, some 1.5 million people join the urban population.
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Climate change and resource scarcity
At current rates of consumption, we may have just half a century’s worth of oil and gas left. Yet to meet our development needs, we’re highly dependent on fossil fuels which in turn drive carbon emissions.
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Technological breakthroughs In our latest Global CEO Survey, business leaders told us technology is one of the biggest disrupting forces in their organisations. In the US, it took the telephone 76 years to reach half the population. The smartphone did it in under 10 years.
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Demographic and social change
Within the next minute the global population will rise by 145. Africa’s population is projected to double by 2050, while Europe’s is expected to shrink.
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Five megatrends – what are HR challenges?
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Three major HR challenges • Leadership development
Building leadership capabilities is a major challenge for 55% of companies operating in the CIS
• Employee engagement
50% of HR professionals consider achieving a high rate of employee retainment to be extremely difficult
• Productivity
For 47% of HR professionals, supporting line managers in order to improve productivity is still a top HR challenge
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HR priorities in a complex world
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Source: “Future of HR: implications for Russia”, PwC survey of 150 HR professionals from companies operating in Russia
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Adapt to survive!
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Some markets are more adaptable than others
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The capacity of a market to match supply and demand efficiently depends on the ability and willingness of employers and employees to adapt to changing circumstances and align skills with available opportunities.
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Recommendations For individuals:
Future-proof your career
For employers:
Seek out, nurture and reward adaptable talent
For educators:
Offer courses and job training that produce adaptable people
For governments:
Create the climate for adaptability
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Discussion
What should we do in Russia to unlock our potential for growth?
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Discussion
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