Maximize Your People ROIMaximize Your People ROI

Developed by KeenHire, Inc.

What’s so with the US Workforce?What’s so with the US Workforce?

• The Mood

• Changing Demographics

• Economic Turmoil

• ROPI

• A Shift in mindset

Demographic TrendsDemographic Trends

• 15.1% Fewer People in Gen X

• Older Workers will want and need to Keep Working

• The Millennial's will Challenge Employers as No Other Generation Ever Has

3E+06

3E+06

4E+06

4E+06

5E+06

5E+06

6E+06

4 5 6 7 8 9 10 11 12 13

5020

35

75

60

49%

70%

65

70

45

30

40 25

1555

1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995

The Workforce Age WaveThe Workforce Age Wave The Workforce Age WaveThe Workforce Age Wave 2010Percent Employed by Age

Age of Workforce (Profile of Baby Boomers)

Graph from Impending Crisis Herman, Olivo and Gioia (2003). Source: BLS Research 2001

Fewer WorkersAge 30 - 45

Fewer WorkersAge 30 - 45

14%

24%

5%

Peak Age ofBaby Boomers

Peak Age ofBaby Boomers

Number of People Available to Work

(relative comparison)

% employed by age

year bornFewer Workers

Over Age 60Fewer Workers

Over Age 60

Workplace Workplace PsychologyPsychology

• Warm Chair Attrition

• Corporate Cocooning

• Life/Work navigation

• Corporate Loyalty is Dead!

• Stay Marketable

• 41% of employees are not satisfied with their jobs

• 46% say their workload has increased

• 33% feel they’re at a dead end at their current job

• 78% believe they are coping with “burn out”

• 56% are not glad they chose to work for their current employer

• 63% believes their top management does not display integrity and morality

Harris Interactive PollHarris Interactive Poll

-Harris Interactive: May, 2007-Harris Interactive: CareerBuilder, 2008

• Confidence in organization’s future (mission / vision)

• Promising future for one’s self

• Company supports work / life balance

• Safety is a priority

• Excited about one’s work

• Confidence in company’s senior leaders

• Satisfied with recognition

• CSR efforts increase overall satisfaction

• Satisfied with on-the-job training

• Manager treats employee with respect and dignity

Global Drivers of EngagementGlobal Drivers of Engagement

-HR.com & Kenexa Research Institute

• Walter - World War II

• Barbara - Baby Boomer

• Jennifer - Gen X

• Michael - Millennial

Four Generations in the WorkplaceFour Generations in the Workplace

The Corporate landscapeThe Corporate landscapeAccording to SHRM 2008 Workplace Forecast:

6 of the top 10

Workplace trend are dire

ctly related to

talent acquisition,

Selection &

retention

6 of the top 10

Workplace trend are dire

ctly related to

talent acquisition,

Selection &

retention

#1 trend Corporate InitiativeCorporate Initiative

HR profession has identified that the:

most likely to have a

major strategic impact

on the workplace is

#1

-SHRM 2008 Workplace Forecast Table 19

• Create a winning EVP (Employee Value Proposition) & “Employer” brand

• Build a long term recruiting strategy

• Use job experiences, coaching, & mentoring to cultivate potential in the managerial “bench”

• Strengthen talent pool by investing in A players, developing B players, and acting decisively on C players

Overall Talent Management StrategyOverall Talent Management Strategy

Excerpts from The War for Talent

• Environmental

• Relationship

• Support

• Growth

• Compensation

Five Families of Retention StrategiesFive Families of Retention Strategies

• Value employees

• Allow for meaningful employee contributions & participation

• While not the glue that holds top talent, provide competitive pay & benefits

• Let layoffs be a last resort – cut pay from the top down to demonstrate commitment

• Keep learning & development a priority

• Pay attention to your reputation in the industry

• Workflow should make sense & be efficient

• The Golden Rule rules

• Keep employees in the “know”

• Hire employees who already have values that match the corporate values and who will fit into the corporate culture

””Sum” It UpSum” It Up

-Employee Retention Strategies

EMPLOYERS MUST: