IEG Discussion: The Battle for Brainpower and Associated Implications for You as Global Leaders

1. IEGDiscussion: The Battle for Brainpower and Associated Implications for You as Global Leaders Monday, November 13th, 2006 Sandy Schwan

2. Chinese Proverb “I hear and I forget. I see and I remember. I do and I understand.”

3. Topic: the Battle for Brainpower • Key Points • Implications • Questions

4. Context • Talent = brainpower + the ability to think creatively • Pending Talent shortage – China, Germany, India, Italy, Japan, United States • Individuals, companies and countries need to be creative in attracting, retaining and engaging Talent

5. Key Point: Aging Population • Details • Most dramatic in Japan, Germany, China • America’s 500 biggest companies will lose half of their sr. mgrs • Implication(s) • Fight harder for young talent • Tap and manage different talent sources • Multi-generational workplace. Benefits value different • Questions • What skills matter most for leaders? • How do you prevent a knowledge drain?

6. Key Point: The Hunt For Talent Has Gone Global • Details • 2010: India’s IT sector will face a shortfall of 500,000 • Scarcity of senior managers and leaders in China now, soon to be in US • Benefits value different [US: healthcare. India: growth & innovation] • Varied approaches to immigration – Singapore vs. US, China • Implication(s) • Willing hands do not equal capable minds • Productivity increases expected through managing Talent since reengineering and automation depleted • Networks as recruiting engines • Questions • How do you disperse innovation around the world without weakening your corporate culture? • What role will cultural traditions and beliefs play? How do you motivate high-flyers from different cultures? • What role does government have?

7. Key Point: Shift in the Balance of Power • Details • Prevalent in top Talent and young workers. Pyjama revolution • Access to information – vault.com, salary.com, blogs vs. mainstream media • Rise of intangible but talent intensive assets • Implication(s) • Organizations are losing their bargaining chips [job stability, security] • Loyalty at an all-time low • Choosier • Employers must focus in their EVP – Employment Value Propositions • Questions • Is it true that talented people need organizations less than organizations need talented people? • What role will ethics, trust, corporate / social responsibility play? • What role will / should government play?

8. Wrap-Up • Leaders • Keep skills up-to-date, as more will be expected of you. • Build an infrastructure that performs [systems and people] • Focus on the eight cultural attributes that yield the greatest increase in staff effort & commitment: communication, reputation for integrity, innovation, flexibility, customer focus, equity and recognition, opportunity, and future orientation. • Companies • Think more carefully about critical Talent • Become more imaginative about recruiting and retaining Talent • Countries • Consider immigration, cultural beliefs • Invest in childhood nutrition & preschool education

9. Questions?

10. Thank You! Sandy Schwan Vice President, Executive Search Division Kensington International, Inc. 20 N. Wacker, Suite 2620 Chicago, IL 60606 USA 312.658.1088 x435 sschwan@kionline.com www.sandyschwan.typepad.com www.kionline.com