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Preparing for the Recovery: Having the Right Players on Board

Preparing for the Recovery: Having the Right Players on Board. Tuesday, June 23, 2009 11:00 AM - 12:00 PM ET. INTRODUCTIONS. Chris Doherty, Vice President, Business Development, TAPFIN Process Solutions Robert Fodge, Director, Human Resources – Business Services Field Programs, Comcast

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Preparing for the Recovery: Having the Right Players on Board

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  1. Preparing for the Recovery: Having the Right Players on Board Tuesday, June 23, 2009 11:00 AM - 12:00 PM ET

  2. INTRODUCTIONS • Chris Doherty, Vice President, Business Development, TAPFIN Process Solutions • Robert Fodge, Director, Human Resources – Business Services Field Programs, Comcast • Emily Lightfoot, Vice President, Integration - Business Architecture, AmerisourceBergen • Rich Moore, U.S. Director of Human Resources, Almac Group

  3. OVERVIEW • Why you should act now to prepare for the recovery • How to optimize your workforce plan • How to identify gaps in your workforce • What are some available options for addressing those gaps • Questions

  4. Source: National Association for Business Economics (5/27/09)

  5. Dow Jones Industrial Average & Net New Hiring Index Data sources: gallup.com and djaverages.com

  6. What impact has the economy had on your workforce?

  7. Have you started to see signs of an economic recovery?

  8. NOW WHAT?

  9. WORKFORCE PLAN Systematically identifies and analyzes what an organization is going to need in terms of the size, type, and quality of workforce to achieve its objectives. Source: Businessdictionary.com

  10. WORKFORCE PLAN Workforce Gaps Difference between who your organization needs for peak performance and who it currently has

  11. Where do you see workforce gaps?

  12. STRATEGY

  13. Talent strategy

  14. Talent Management • Reallocate existing resources – skill transferability • Manage performance • Plan for succession • Assess and implement relevant technology

  15. Talent Management Expecting attrition • “A” players are always in demand • Do you know who your “A” players are? • Do they know you know?

  16. “One thing that I think is interesting is our best people are hearing from headhunters every single day. It implies to me that a number of people are continuing to see great talent as being a target even during the downturn.” Cynthia McCague Director of Human Resources, Coca-Cola Source: Workforce Management Magazine

  17. Talent Acquisition • Evaluate existing HR structure • Implement or fine-tune strategic staffing plan • Determine go-forward recruiting model

  18. Talent Acquisition As business conditions improve, remember the following: • Those who stayed through lean times may be burnt out • Boomers are still set to retire • Millennials tend to turn over quickly • Attrition is going to happen

  19. BE PREPARED ! The Economic Policy Institute estimates that it took 47 months to get employment levels back to where they were prior to the 2001 recession. Source: Associated Press

  20. QUESTIONS

  21. THANK YOU

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