Professor Tassu Shervani. The workforce of the future

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1 Professor Tassu Shervani The workforce of the future

2 Our time together will focus on. Global demographic trends and workforce implications Economic trends driving a relook at workforce issues Technology trends reshaping the workforce and employeremployee relations

3 Global flows continue to outpace global GDP growth, despite the financial crisis and slow recovery

4 Remittance flows are larger than ODA, and more stable than private capital flows World Bank Migration and Remittances: Recent Developments and Outlook Special Topic: Financing for Development, April 13, 2015, p. 5

5 Our time together will focus on. Global demographic trends and workforce implications Economic trends driving a relook at workforce issues Technology trends reshaping the workforce and employeremployee relations

6 The most important number today.. 2.1

7 Fertility by Continent Total fertility per woman WORLD AFRICA ASIA EUROPE LATIN AMERICA AND THE CARIBBEAN NORTHERN AMERICA OCEANIA UN World Fertility Patterns,

8 Africa Total fertility per woman AFRICA Sub-Saharan Africa Eastern Africa Middle Africa Northern Africa Southern Africa Western Africa UN World Fertility Patterns,

9 Asia Total fertility per woman ASIA Eastern Asia South-Central Asia Central Asia Southern Asia South-Eastern Asia Western Asia UN World Fertility Patterns,

10 Europe Total fertility per woman EUROPE Eastern Europe Northern Europe Southern Europe Western Europe UN World Fertility Patterns,

11 Latin America & the Caribbean LATIN AMERICA & THE CARIBBEAN Total fertility per woman Caribbean Central America South America UN World Fertility Patterns,

12 North America and Oceana Total fertility per woman NORTHERN AMERICA OCEANIA Australia/New Zealand Melanesia UN World Fertility Patterns,

13 UN World Fertility Patterns,

14 UN World Fertility Patterns,

15 Simplified population math at 3.0 birthrate Gen 0 Gen 1 Gen 2 Pop. 100m 150m 225m M 50m 75m 112m F 50m 75m 112m

16 Simplified population math at 1.3 birthrate Gen 0 Gen 1 Gen 2 Pop. 100m 65m 42m M 50m 32.5m 21m F 50m 32.5m 21m

17 The Future Demographic Map Potential surplus population in working age group (2020) UK -2m Germany -3m Russia -6m Ireland 0m France -3m US -17m Spain -3m Italy -2m China -10m Japan -9m Mexico 5m Egypt 4m India 47m Philippines 5m Brazil 3m Malaysia 1m Indonesia 5m Australia -0.5m Note: Potential surplus is calculated keeping the ratio of working population (age group 15-59) to total population constant Source: U.S. Census Bureau; BCG Analysis

18 Global diversity drives mobility Gender Diversity More women in the workforce Generational Diversity Boomers, Gen X, Gen Y (Millennials) Low participation in science and technology education Ethnic/Other Diversity Rapid growth of minority populations Low participation in science and technology education (URM s) Global Diversity Workforce around the world

19 Global diversity drives mobility Cross-border migration reaches a cumulative total of between 194mm and 257mm, depending on the estimate Offshoring up to a quarter of all developed country jobs are highly or somewhat susceptible Temporary mobility assignments are on the increase Global New Partner Program

20 Offshoring potential

21 Our time together will focus on. Global demographic trends and workforce implications Economic trends driving a relook at workforce issues Technology trends reshaping the workforce and employeremployee relations

22 Geopolitical concerns persist, commodity and currency volatility rises What do you believe to be the greatest economic risk to your business over the next 6 12 months? Increased global and regional political instability Increased volatility in commodities and currencies 35% 37% Economic situation in the Eurozone 10% Regulatory environment Slowing growth in key emerging markets 7% 9% Deflation 2% Apr-15 Continuing geopolitical issues in Eastern Europe and the Middle East cause most concern around economic risk. The sharp fall in commodity prices and increasing volatility of currencies make it more difficult to plan ahead. Divergent monetary policies may impact currency fluctuations. 12th Capital Confidence Barometer

23 Seven years after the beginning of the global financial crisis. Recession Deleveraging Private debt/gdp Real GDP Public debt/gdp Pre-crisis period 10 years Early stage of recession 1 2 years Private-sector deleveraging 3 6 years Rebound and publicsector deleveraging ~ 10 years Real GDP growth 3% 4% 0% (5%) 0% 2% 3% 4% Change in Debt/GDP (% points) Public sector Private sector

24 Seven years after the beginning of the global financial crisis. Recession Deleveraging Private debt/gdp Real GDP Public debt/gdp Real GDP growth (Annual Avg. %) Pre-crisis period 10 years 3% 4% Early stage of recession 1 2 years 0% (5%) Private-sector deleveraging 3 6 years 0% 2% Rebound and publicsector deleveraging ~ 10 years 3% 4% Change in debt/gdp (% points) Public sector Private sector

25 Eurozone crisis Scenarios: Uncoordinated unwinding of the Euro very low probability Some countries exit the Euro and revert to lower valued currencies, or Germany + exit Euro and revert to higher valued currencies modest probability Greater economic and political integration to further strengthen the Euro highest probability, >50% Common bank regulator ECB Lender of last resort ECB Common bonds fiscal coordination

26 Migrants are undertaking dangerous crossings of the Mediterranean World Bank Migration and Remittances: Recent Developments and Outlook Special Topic: Financing for Development, April 13, 2015, p. 7

27 Global New Partner Program

28 Rising income and wealth inequality and consumption

29 Our time together will focus on. Global demographic trends and workforce implications Economic trends driving a relook at workforce issues Technology trends reshaping the workforce and employeremployee relations

30 World R&D comparison (2013) Source: Battelle, R&D Magazine, International Monetary Fund, World Bank, CIA Fact Book, OECD

31 Number 1 sector for R&D spending Information and communications technology (ICT)

32 Impact of automation via the internet of things

33 Strategies to succeed in today s demographic, technological and global economic environment

34 Microsoft s challenge Mobile Device Era PC Era Time

35 S-Curves Pharmaceuticals - technology Biologics Industry Shifts Traditional Pharmaceutical Drugs Time

36 S-Curves Digital Imaging technology and business models Industry Shifts Smart Imaging Apple, Samsung, Facebook, Instagram, Snapchat, Etc. Digital Imaging Canon, Fuji, Kodak, Sony, Etc. Analog Imaging Kodak, Fuji Time

37 S-Curves Retail Online Retail - Amazon Industry Shifts Warehouse Stores - Costco Category Killers Home Depot Discount Stores - Walmart Department Stores Sears, JC Penney, Macys Time

38 S-Curves Automobiles - Technology Fuel Cells --??? Industry Shifts Electric Vehicles - Tesla Advanced ICE - Toyota ICE Daimler, Ford, GM Electric vehicles Time

39 S-Curves Automobiles Customer outlay Sharing Industry Shifts Leasing Financing Owning Time

40 S-Curves Automobiles - Mobility On-demand rentals/sharing Uber, Lyft..Taxis (Didi Kuadi), Bla Bla Car Industry Shifts Hourly rentals - Zipcar Daily/Weekly rentals - Hertz Taxis Time

41 S-Curves Entertainment - Distribution Over the Top (OTT) Netflix, Hulu, Youtube Industry Shifts Over Cable, Satellite, Telecom Comcast, DirectTV, Dish, AT&T, Verizon Over the Air NBS, CBS, ABC Time

42 S-Curves Computing - technology Industry Shifts Cloud Amazon, Microsoft, Google, Oracle, IBM, HP, SAP, Etc. Client-server Sun, HP, IBM, Oracle, SAP, Etc. Mainframes - IBM Time

43

44 Workforce of the future employees, independent contractors and dependent contractors?

45 Our time together focused on. Global demographic trends and workforce implications Economic trends driving a relook at workforce issues Technology trends reshaping the workforce and employeremployee relations

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