Value Proposition canvas- Customer needs and pains
Innovation Overload - Technology, Jobs and the Future
1. Technology, Jobs and the Future
Speaker: David Smith
This is not your grandfather’s job market where one could work and retire from one company after 40
years. Your father and your company have probably not fared that well either. The fast pace of
technology change and productivity improvements, in an increasingly competitive market, have
forced companies to change their strategy, frequently upgrade and improve their products or
services, and adjust their workforce. Downsizing, outsourcing, automation, financial pressures,
short-term demands, and failed strategy all contribute to the challenges.
This talk explores the future of work and how it impacts companies and you.
3. Work
“No other technique for the conduct of life
attaches the individual so firmly to reality as
laying emphasis on work:
For work at least gives one a secure place in
a portion of reality, in the human community.”
Sigmund Freud
The product of work contributes to health, well-being and
economic & social stability.
13. Source: Employment Policy Foundation analysis and
projections of Census/BLS and BEA data.
Millions of People
Expected Labor Force and Labor Force Demand
Growing Shortage of U.S. Workers
0
50
100
150
200
250
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
Labor Needed
Labor Available
14. Female Labor Force Participation
(as a Percent of the Female Population Age 15+), 1990-2011
15.
16. Screeching to a Halt:
Growth in the Working-Age Population
Source: Deloitte Research/UN Population Division (http://esa.un.org/unpp/) : Do You Know Where Your Talent Is? Why
Acquisition and Retention Strategies Don’t Work, p.6
-50%
0%
50%
100%
150%
200%
Mexico Brazil India China South Australia Canada US Netherlands Spain France UK Russia Italy Japan Germany
Korea
1970-2010
2010-2050
17. 5% 5%
-9%
18%
48%
15%
-20%
0%
20%
40%
60%
80%
16-24 25-34 35-44 45-54 55-64 65+
Age of Workers
Percent Growth in U.S. Population by Age: 2000-2010
Dramatically Different Patterns of Growth by Age
1. Declining number of mid-career workers
2. Few younger
workers entering
3. Rapid growth in the over-55 workforce
Source: U.S. Census Bureau
18. . . . Continuing Into the Future
Age of Workers
Percent Growth in U.S. Workforce by Age: 2000-2020
7% 8% 7%
-10%
3%
73%
54%
-20%
0%
20%
40%
60%
80%
under 14 15-24 25-34 35-44 45-55 55-64 65+
Source: U.S. Census Bureau
19. In 2000, A Fairly “Young” World . . .
Under 5% 5% to 12.4% 12.5% to 20% Above 20%
Source: U.S. Census Bureau
Percent of Population Age 60+ in 2000
20. . . . Rapidly Aging by 2025
Source: U.S. Census Bureau
Under 5% 5% to 12.4% 12.5% to 20% Above 20%
Percent of Population Age 60+ in 2025
21. “Sudden” Boom in Life Expectancy
Source: U.S. Census Bureau
Life Expectancy at Birth: 1000 - 2000
Age
76.5
47
38
3635
30
25
0
10
20
30
40
50
60
70
80
1000 1200 1400 1600 1800 1900 20
22. And a Dramatic Drop in Birth Rates
Source: Age Wave
TotalFertility
Rate
Total Fertility Rate:
3.3
2.8 2.9
3.6
2.0
2.5 2.5
4.0
5.9
2.0
1.7 1.7 1.6
1.4 1.3 1.2
1.8
3.1
0
1
2
3
4
5
6
7
US UK France Canada Japan Germany Italy China India
1960 2000
23. Why? The Baby Boom Pattern
Source: U.S. Census Bureau International Data Base
1930 1940 1950 1960 1970 1980 1990
4.5
4.0
3.5
3.0
2.5
2.0
BirthinMillions
The Boom Years: 1946-1964
26. When I was growing up, my parents
used to say to me, "Tom, finish your
dinner. People in China and India are
starving."
Today I tell my girls, "Finish your
homework. People in China and India
are starving for your jobs."
Source: “The New York Times' Thomas Friedman on
Globalization,” CIO Magazine, March 25, 2005
—Thomas
Friedman, The
World is Flat
27.
28. Falling Desire for Jobs
with Greater Responsibility
Source: Generation & Gender in the Workplace, An Issue Brief by Families and Work Institute
69%
41%
14%
60%
54%
31%
15%
80%
Under 23 years old
(Gen-Y in 2002)
23-37 years old
(Gen-X in 2002)
38-57 years old
(Boomers in 2002)
58 or more years old
1992
2002
29. Declining Desire for Jobs with Greater
Responsibility By Gender
Source: Generation & Gender in the Workplace, An Issue Brief by Families and Work Institute
52%
68%
1992 2002
Men
36%
57%
1992 2002
Women
Employees Wanting Jobs with Greater Responsibility
30. Lower Alignment with the Organization
45
39
32
48
44
28
57
52
35
65
61
53
0
10
20
30
40
50
60
70
I really care about the fate
of this organization
(agree)
I’m willing to put in effort
beyond that normally
expected to help the
organization be
successful (agree)
I find my values and the
organization’s are similar
(agree)
Y X Boomer Traditionalist
Source: The New Employee/Employer Equation, The Concours Group and Age Wave
31.
32. • to disappear
• to go away
• to withdraw
Source: Webster's New Twentieth Century Dictionary
Webster's Definition of Retirement
33. Average Retirement Age of Males
Source: Center for Strategic and International Studies
France
64.5
59.2
65.2
60.5
64.5
60.6
66.2
62.3
66.2
62.7
66.5
63.6
67.2
Germany Italy Canada UK US Japan
1995196068
66
64
62
60
58
56
66.5
34. Education Work Leisure
0 10 20 30 40 50 60 70 80
Shifting the Old Work/Life Paradigm . . .
Age
Source:
The Concours Group and Age Wave
35. Education Work Leisure
0 10 20 30 40 50 60 70
Age
80
. . . To a “Cyclic” Life Paradigm
Source,
The Concours Group and Age Wave
36. Education Work Leisure
0 10 20 30 40 50 60 70
Age
80
. . . Evolving to a “Blended Lifestyle”
Source: Demography is Destiny,
The Concours Group and Age Wave
37. Cutting Back Has New Meaning: Cyclic Work
12%
39%
49%
Working full-time Working part-time Moving back and forth
between working full-time
and not working
The most popular pattern for
working after “retirement” is not
part-time, but moving back and
forth between periods of working
and not working.
Source: The New Employee/Employer Equation
38. 12%
39%
49%
Working full-time Working part-time Moving back and forth
between working full-time
and not working
The most popular pattern for
working after “retirement” is
not part-time, but moving
back and forth between
periods of working and not
working.