2010 Talent Trends and the Job Board Industry People Shock 2010 Talent Trends and the Job Board Industry Kevin Wheeler March 2010

© 2010, Future of Talent Institute - Authorized Use Only On the Edge New attitudes about work New ways of working New ways of finding work New ways of attracting people to work © 2010, Future of Talent Institute - Authorized Use Only

Main Contention and the GOOD News Job boards will remain, but face significant need to change. The survivors won’t look or feel the same within 2 years. © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Five Major Trends Enterprise of Self: From Control to Choice People will more readily follow their personal aspirations and make trade-offs. Networked World Techn0logy has connected the global world more than physical transportation ever did. People are leveraging social networks to find each other, to stay in touch and to do work. Free Agency: Entrepreneurism Grows Large numbers will not seek re-employment in traditional ways. We will become a nation of “shop keepers” once again. © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Five Major Trends GEN Y Values will be Mainstream Values The attitudes and expectations of this age group will be seen as normal and hiring and work patterns will accommodate them. Workforce Sustainability gets Traction Retaining, maintaining, and growing the skills of the current workforce will be as important as recruiting. © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only People will more readily follow their personal aspirations and make trade-offs. Enterprise of Self © 2010, Future of Talent Institute - Authorized Use Only

Less Control Means More Choice Little Choice Scarcity/Control Much Choice Surplus/Freedom Information Communications Purchasing options Education Lifestyle Entertainment Food Transportation © 2010, Future of Talent Institute - Authorized Use Only

From Choice Comes Innovation People with choices become creators: New ideas New ventures Entrepreneurism Momentum © 2010, Future of Talent Institute - Authorized Use Only

Choice Requires Personal Mastery The art/science of making deliberate personal choices based on self-awareness. Know thyself is a skill now being taught in Beijing, Singapore, France. © 2010, Future of Talent Institute - Authorized Use Only

Opportunities/Thoughts/Questions How can job boards accommodate entrepreneurs? Focused on providing choices? Flexible/personal? Do you help people to better “know themselves?” © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only People are leveraging social networks to find and do work. Networked WORLD © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Networked Networking Teaches us about possibilities Shapes education and careers Helps us find a job through friends. From networks we can: Create social as well as professional profiles. Find natural matches between competencies, capabilities and interests. © 2010, Future of Talent Institute - Authorized Use Only

Opportunities/Thoughts/Questions Should there be portals to information & people? Who provides insight and advice? Is there a need for a service to scrape and compile composite profiles? © 2010, Future of Talent Institute - Authorized Use Only

Free Agency: The Rise of Entrepreneurism Large numbers of young people and more older workers than ever will find ways to work independently or with a small group of colleagues. Free Agency: The Rise of Entrepreneurism © 2010, Future of Talent Institute - Authorized Use Only

Entrepreneurism as Disruptor Corporate life looks unattractive to more people. People are seeking to be their own boss – or work in smaller organizations. Most innovation comes from small start-up organizations. © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only New Patterns of Work FleXible Virtual Sometime Temporary Self Part-time Job Sharing © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Self-employment According to the Census, more than 10 million Americans are self-employed, up from about 8 million in 1980. The number of “non-employer firms” — businesses with no payroll — recently topped 20 million, up from 15 million in the late 1990s. © 2010, Future of Talent Institute - Authorized Use Only

Opportunities/Thoughts/Questions Where do entrepreneurs find ways to link-up with other entrepreneurs? Where do entrepreneurs find people to work with them?? Who’s going to available from a job board? © 2010, Future of Talent Institute - Authorized Use Only

Gen Y values Will Be mainstream values Resourceful Communicators Passionate Loyal Empowered Confident Ethical Ambitious Optimistic Gen Y values Will Be mainstream values © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Emerging Mindset Individuals are self-directed High levels of trust. Expect autonomy and freedom of choice. Want Flexible Roles – not titles or hierarchy. Believe that everyone should know or have access to everything. Share rewards. © 2010, Future of Talent Institute - Authorized Use Only

Action/Thoughts/Questions What do you offer a GenY? Can you personalize the experience? What do you do with the entrepreneurial cadidate? Who’s going to available from a job board? © 2010, Future of Talent Institute - Authorized Use Only

Workforce Sustainability Retaining, maintaining, and growing the skills of the current workforce will be as important as recruiting [more?]. Workforce Sustainability © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Watchwords Simple is good Just enough is enough Reuse/Recycle/Retain/Refresh © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Watchwords for People © 2010, Future of Talent Institute - Authorized Use Only

Sustainability and Recruiting Employers will seek fewer, better people. Focus on cultural fit Pre-employment screening Temp to Perm and other forms of employment will become more popular. Organizations will replace the “core,” outsource the rest. RPO will gain traction. © 2010, Future of Talent Institute - Authorized Use Only

Actions/Thoughts/Questions What kinds of workers are available from your job board? Can you screen/pre-qualify? Can you offer people of all types? Where do you add value? © 2010, Future of Talent Institute - Authorized Use Only

Current Definition of a Job Board Job Board Perspective A portal/web-based tool and/or database accessing a pool of potential candidates who have been screened for a profession and/or capability and/or competency. © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Job Boards Candidate Perspective A database of extant and non-extant jobs with minimal & often inaccurate information about how I might © 2010, Future of Talent Institute - Authorized Use Only

Future Definition of a Job Board access to an ever-changing network of competencies packaged in different ways for different purposes. Candidate A place to explore different needs and their alignment to your competencies and needs. © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only Job Boards Might Offer Composite profiles/social resumes Access to people with different working styles/inclinations/needs Networked marketing/sourcing Better communication between candidates/employers/each other. © 2010, Future of Talent Institute - Authorized Use Only

© 2010, Future of Talent Institute - Authorized Use Only The Bottom Line A younger, more informed and independent generation wants a personalized and meaningful job and job hunting experience. A smaller workplace more focused on sustainability and quality is willing to hire fewer, but very high quality, regular employees and augment them with contractors and part-time people. © 2010, Future of Talent Institute - Authorized Use Only

Thank you The Future of Talent Institute A highly networked membership organization providing information and insight into talent issues, trends and areas for focus to help you create successful talent strategies. www.futureoftalent.org Partially underwritten in 2009 by © 2010, Future of Talent Institute - Authorized Use Only