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4 TH Annual LEARNING WORLD 2010

4 TH Annual LEARNING WORLD 2010. Zafar Aziz Osmani Hong Kong February 25, 2010. Manage Post Recession Transition of Teams to Ensure Productivity And Strategic Competitive Advantage. Yesterday . . . . .

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4 TH Annual LEARNING WORLD 2010

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  1. 4TH Annual LEARNING WORLD 2010 Zafar Aziz Osmani Hong Kong February 25, 2010

  2. Manage Post Recession Transition of Teams to Ensure Productivity And Strategic Competitive Advantage

  3. Yesterday . . . . “While we have come through the most difficult period of financial tsunami, the external environment is still fraught with uncertainties and foundations of recovery are not yet firm.” John Tsang Chun- wah Financial Secretary, Hong Kong February 24, 2010

  4. Themes from Davos 2010Rethink, Redesign and Rebuild

  5. Presentation Outline

  6. COMPARATIVE TRENDSTHE WEST, ASIA& EMERGING MARKETS

  7. Asia Pacific – GDP Trend

  8. Asian Countries GDP Trends

  9. Recovery Trends in US & China China CHINA UNITED STATES

  10. RECENT HIGHLIGHTS IN ASIA • Singapore's economy leaps out of recession, expanding in the second quarter at its fastest rate in nearly 6 years, thanks to a surge in biomedical production and construction. • Hong Kong pulls out of its deepest recession since the Asian financial crisis in the second quarter, growing by a much faster-than-expected 3.3 percent from the previous quarter. • Taiwan's economy grows for the first time in over a year in the second quarter on an annualized basis and officials say they expected rising demand from China to support a strong recovery. • Thailand's economy emerges from its worst recession in 11 years in the second quarter, growing 2.3 percent from the first quarter as manufacturing rebounded, adding to signs of recovery in Asia's export-reliant economies. Sept 11 – • Japan's economy grows 0.6 percent in the three months to June, less than preliminary figures had shown but confirming that the economy crawled out of recession after a full year of sharp contraction.

  11. OTHER PARTS OF WORLD • Germanyexits recession in the second quarter despite a massive drop in inventories and restocking by firms could spur the economy to faster growth. • Brazilexits its short-lived recession as second-quarter numbers show stronger-than-expected 1.9 percent return to growth for Latin America's largest economy after only two quarters of contraction. • Sweden inches out of recession, after contracting for four quarters in a row. The economy ekes out a 0.2 percent gain in the second quarter from the previous quarter. • New Zealand unexpectedly ends its longest recession on record.

  12. HUMAN RESOURCES STRATEGIES AND RESPONSE TO RECESSION

  13. KEY UNIVERSAL RESPONSE

  14. KEY UNIVERSAL RESPONSE

  15. DOWNSIZING ‘In the annual American Express/CFO Research Global Business & Spending Monitor (article dated Sep 2009), 285 senior finance executives from the U.S., Europe, Canada, Mexico, Asia, and Australia were surveyed upon the global financial crisis. When the discussion of layoffs came up, half the respondents in Asia and Australia anticipated a decrease in headcount.’

  16. Downsizing Issues

  17. Managing Downsizing • Golden Handshake • Lump sum payments • Supported by psychological pressures • Outsourcing • Identified services outsourced to third party • Employees given GHS plus option of service in OS companies • Some innovations • Creation of OS Companies • Giving ownership to separated employees • Give flexibility to expand the scope of services

  18. KEY UNIVERSAL RESPONSE

  19. SALARY FREEZES / REDUCTION ‘The number of companies considering decreasing, freezing and have already decreased/frozen salary increase budgets have more than doubled in Asia in the past eight months from 41.0% to 83.4%. (Source: Financial Express – 16/12/08)’

  20. SALARY FREEZE / REDUCTION Responses Impacts • Asian companies revised 2009 salary increases downwards by 4.6% • Companies in almost all markets have been cutting manpower costs • Existing employees expected to do more • Insecurity amongst employees • De-motivated staff looking for opportunities elsewhere • Issues of Absenteeism

  21. KEY UNIVERSAL RESPONSE

  22. CUT IN L & D EXPENDITURES ‘According to a study by IT research and advisory firm Gartner, investment in IT training and software certification was set to decline by 25% in the Asia-Pacific region (July 2009).’

  23. CUT IN L & D EXPENDITURES Responses Impacts • Lesser Training Opportunities for staff • Less focus on Talent Development • IT Training tremendously affected • De-motivated staff looking for opportunities elsewhere • Limits skill of employees • Emergence of a gap in future skills

  24. post recession trends and strategies

  25. Hiring Trends China – Hong Kong - Singapore

  26. Hiring Trends – ChinaSector Analysis

  27. Hiring Trends in Hong Kong

  28. And Singapore

  29. Salary Increase

  30. Incentives & Bonus

  31. Managing ahead2010 & beyond

  32. Broad Forward Strategies

  33. Fresh Look at Organization Structure

  34. New Paradigm of Engagement

  35. Talent Acquisition & Retention

  36. Innovative Compensation Trends

  37. Building New Leadership Competencies

  38. Bridging Widened Skills Gap

  39. CONCLUDING picture onCurrent TRENDS

  40. HR Response to Recession Impact

  41. THANK YOU zafarosmani@gmail.com zafar.osmani@peopleperfectae.com

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