4. 01/07
4%
6%
8%
10%
01/08 01/09 01/10 01/11 01/12 01/13 01/14 01/15
Job growth has improved leaps and
bounds since the downturn of 2007
Unemployment
rates by education
Less than HS
4 year college degree
Overall
unemployment rate
01/08
10%
15%
20%
5%
01/09 01/10 01/11 01/12 01/13 01/14 01/1501/07
5. The U.S. has returned as a global force:
GDP outpaces other countries
Change in Rate of GDP growth
Jan-10
1
0
-2
-3
Sep-10 May-11 Jan-12 Sep-12 May-13 Jan-14 Sep-14
-1
2
3
4
5
United States China Europe
6. The U.S. market
is pulling ahead
towards energy
independence
Total energy production and
consumption projection
1980 1990 2000 2013 2020 2030 2040
0
60
70
80
90
100
110
History Projections2013
~~
Consumption
Production
7. Welcome to the fast-paced, ever-changing
just-in-time economy
Job openings and employment seasonally adjusted, in thousands
2,500
3,500
4,000
Jan 10Jan 09Jan 08Jan 07Jan 06Jan 05
3,000
2,000
4,500
5,000
5,500
Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
130,000
134,000
136,000
132,000
128,000
138,000
140,000
142,000
Job openings Employment
Source: Bureau of Labor Statistics, Current Employment Statistics and Job Openings and Labor Turnover Survey, April 7, 2015.
Note: Shaded area represents recession as determined by the National Bureau of Economic Research (NBER)
Recession
8. Which has contributed to the
rise of the disposable worker
Breakdown of GPD decline during last five recessions
Source: US Bureau of Economic Analysis; McKinsey Global Institute
-0.65 -0.53 -0.45 -0.27 -0.70
2007-200920011990-19911981-19821973-1975
Employment
Productivity
9. In a just-in-time economy
layoffs happen as fast as hires
Job cuts in the tech sector rose 77% in 2014
*Source: Washington Post, http://www.washingtonpost.com/blogs/on-leadership/wp/2015/01/28/the-biggest-mass-layoffs-of-the-past-two-decades/
Source: Bureau of Labor Statistics, http://data.bls.gov/timeseries/JTS00000000LDR
cut 18,000+
employees in 2014
cut 16,000
employees in 2014
cut 6,000
employees in 2014
cut 2,000
employees in 2014
10. Source: Challenger, Grey, and Christmas, Inc., http://www.challengergray.com/press/press-releases/2014-year-end-ceo-report-107-ceo-exits-
december-highest-yearly-total-2008
Leadership comes and
goes in the blink of an eye
2014 saw the largest number
of CEO changes since 2008
Average tenure of a departing S&P 500
company CEO has decreased in recent from
roughly 10 years in 2000 to 8.1 years in 2012
Ideal tenure for a CEO is 4.8 years
2009
2010
2011
2012
2013
1,500
1,400
1,300
1,200
1,100
Number of CEO Changes
?
12. the working age population is shrinking
driving a tightening of the market supply
Source: Deloitte Research, UN Population Division (http://esa.un.org/unpp/)
demographics (%)
200
100
0
-50
Mexico Brazil India China South
Korea
Australia Canada US Netherlands Spain France UK Russia Italy Japan Germany
1970 - 2010
2010 - 2050
PROBLEM 1:
SHRINKING
WORKFORCE
13. Source: Bureau of Labor StatisticsSource: Bureau of Labor Statistics
Less than High School 11%
High School 8%
Some College 11%
Associate Degree 18%
Bachelor’s Degree 12%
Master’s Degree 18%
Doctoral / Professional Degree 16%
jobs in future require education PROBLEM 2:
EDUCATION
% change employment 2012- 2022
14. Looking ahead, companies will face
stiff competition for top talent
Source: Bureau of Labor Statistics, http://www.bls.gov/careeroutlook/2014/spring/art01.pdf
2012
2022
Information
security analysts
75,100
102,500
36.48%
Operations
research analysts
73,200
92,700
26.64%
Statisticians
27,600
34,900
26.45%
24,600
Biomedical
engineers
19,400
26.80%
Actuaries
24,300
30,600
25.93%
Computer
systems
analysts
520,600
648,400
24.55%
Software developers,
applications
613,000
752,900
22.82%
Mathematicians
3,500
4,300
22.86%
Software
developers, systems
software
405,000
487,800
20.44%
Petroleum
engineers
38,500
48,400
25.71%% Increase
15. Source:
Brookings
InsDtute,
h-p://www.brookings.edu/research/interacDves/2014/job-‐vacancies-‐and-‐stem-‐skills#/M10420
There is already a severe shortage for skilled talent.
That means companies face stiff competition
STEM
vacancies take
2x as long to
fill
STEM ads
last 50 days
4 million job
vacancies in
computer science
16. Source: The White House: https://www.whitehouse.gov/issues/technology/techhire
Obama’s tech
training initiative
Immigration reform
Policies are challenging the status quo of
the American economy and the job market
17. Welcome to the reality of the real-time economy
where technologies are redefining the
very nature of modern work
Transforming companies, industries
and the nature of work
Social
Big Data
Applying
Algorithm…
IoTMobile
18. Source: Henry Siu and Nir Jaimovich for Third Way – WSJ.com
Jan
68
Jan
70
Jan
72
Jan
74
Jan
76
Jan
78
Jan
80
Jan
82
Jan
84
Jan
86
Jan
88
Jan
90
Jan
92
Jan
94
Jan
96
Jan
98
Jan
00
Jan
02
Jan
04
Jan
06
Jan
08
Jan
10
Jan
12
Jan
14
35%
33%
31%
29%
27%
25%
Recession
It’s a two-tiered
labor market.
For many,
routine jobs
are being
eliminated
Share of the
population age 16
and over employed
in jobs that involve
primarily routine
tasks
19. doctoral degree
professional degree
master´s degree
bachelor´s degree
associate´s degree
some college, no degree
high school diploma
less than a high school diploma
all workers 5% all workers $839
unemployment
rate in 2014 (%)
2.1
1.9
2.8
3.5
4.5
6.0
6.0
9.0
median weekly
earnings in 2014 ($)
1,591
1,639
1,326
1,101
792
741
668
488
PROBLEM 3:
SHORTAGE OF
SKILLED
LABOR
“Net net”: We have a severe shortage in the skilled
labor market resulting in increased competition for
new hires
education pays
Note: Data are for persons age 25 and over. Earnings are for full-time wage and salary workers
Source: Bureau of Labor Statistics, Current Population Survey
20. on average, millennials will hold
15-20 jobs in their career
Source: www.fastcompany.com/magazine/162/average-time-spent-at-job-4-years
6.2
Number of jobs the
average millennial
holds between
18 and 26
3 yrsCalifornians
and
millennials
4.6 yrsin the U.S.
18 mostartup engineer
PROBLEM 4:
EMERGENCE
OF JOB
SHOPPERS
median tenure in current job:
21. Besides death and taxes…churn is the only
guarantee
Source: Quartz, http://qz.com/359578/more-americans-are-quitting-their-jobs-and-thats-a-good-thing/
Source: 2015 Job Seeker Nation Survey, http://www.jobvite.com/wp-content/uploads/2015/01/
jobvite_jobseeker_nation_2015.pdf
The US quit rate as a percentage of the labor force
2.8%
2.6
2.4
2.2
2.0
1.8
1.6
1.4
1.2
‘01 ‘02 ‘03 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15
22. and this comes with new standards
We are living working and interacting in a new, real-time world
23. A new standard
Employees are in
the driver’s seat
Skilled workers have options.
What are you doing to compete?
61%
Compensation
21%
Company Culture
35%
Growth
Opportunities
38%
Work/Life Balance
Source: http://www.pwc.com/gx/en/managing-tomorrows-people/future-of-work/assets/reshaping-the-workplace.pdf
59%
Modern Technology
24. A new standardA new standard
Compensation is expected to
align with market value
25. We expect more from
technology at home and in the
workplace
A new standard
27. Coursera has partnered with
companies to create employee
training and development programs.
A new standard
Source: Forbes: http://www.forbes.com/sites/georgeanders/2014/08/20/courseras-new-goal-teaching-at-firms-such-as-mastercard/
Learning is a lifelong pursuit
LinkedIn acquired Lynda.com
28. Stan Slap
Brand Strategist and CEO of Slap
You don't have to fear your
own company being
perceived as human. You
want it. People don't trust
companies; they trust people
”
“
A new standard
Values are essential
”Millenials believe the business ethos has too short-term a focus. Beyond that, millennials believe companies
should spend less time on short-time roles and more time on broadly building contributions to society, more
time focusing on their people,” Deloitte Global Chairman Steve Almond
29. What does it take to thrive
in a real-time economy?
talent
revenue
30. Continuously finding the best people
you possibly can for today – and tomorrow…
“You must build talent for the digital organization of 2020 NOW. Not
just the digital technology organization, but the whole enterprise.”
Gartner Top 10 Strategic Predictions for 2015 and Beyond: Digital Business Is Driving 'Big Change' Published: 4 October 2014
41. HR FUNCTION OR
PROCESS
PROFIT
GROWTH
PROFIT
MARGIN
TOTAL
IMPROVEMENT
Recruiting 3.5x 2.0x 5.5
On-boarding and retention 2.5x 1.9x 4.4
Managing talent 2.2x 1.9x 4.4
Employer branding 2.4x 2.1x 4.3
Performance management
and rewards
2.1x 2.0x 4.1
Developing leadership 2.1x 1.8x 3.9
Mastering HR process 1.8 1.8 3.6
Global people
management and global
expansion
1.8 1.7 3.5
Enchancing employee
engagement
1.8 1.6 3.4
Providing shared services
and outsourcing
1.6 1.7 3.3
Recruiting is the most
critical HR function
delivering 40% more
profit growth than
next HR function
Source: Boston Consulting Group, “Realizing the Value of People Management; From Capability to Profitability”,
August 2, 2012
43. You & Jobvite
are working hard…and it’s working!
35%
of U.S. Job
Seekers use
Jobvite
Millions
of Candidate
referrals
Visitors from
202
Countries
Growing
Databases of
Prospects
and Job
Seekers
Faster time
to hire than
the industry
standard
44. to support you
We are committed
every step of the way
Employment Brand
Sourcing
Candidate Experience
Candidate Selection
Insight