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HR ECONOMICS: ALIGNING PEOPLE STRATEGIES WITH ECONOMIC INDICATORS"

HR ECONOMICS: ALIGNING PEOPLE STRATEGIES WITH ECONOMIC INDICATORS". Gina Teresa E. Alonso PMAP Regional Conference August 5, 2016. On The Agenda. General Economic Landscape Economic Indicator in Focus: Employment Variables for People Strategy Education System

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HR ECONOMICS: ALIGNING PEOPLE STRATEGIES WITH ECONOMIC INDICATORS"

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  1. HR ECONOMICS: ALIGNING PEOPLE STRATEGIES WITH ECONOMIC INDICATORS" Gina Teresa E. Alonso PMAP Regional Conference August 5, 2016

  2. On The Agenda General Economic Landscape Economic Indicator in Focus: Employment Variables for People Strategy Education System The Changing Profile / Qualifications of Worker The Changing Nature of Work Key Takeaways

  3. Economic

  4. Total Approved Foreign Investments (2011-2015)

  5. Source: PSA

  6. Higher Education Graduates Per Discipline

  7. College Graduates in Cebu Ave. no. of graduates (last 3 years): 22,757

  8. (1) Education System Schools not keeping up with rapid technology change, industry needs and requirements

  9. 2016 QS AsiaUniversity Ranking

  10. “strategic” positioning of its universities as “competing in the global economy” and generous financial support for research Singapore investments in education and "cultural differences" Vietnam education system more centralized, higher emphasis on student achievement

  11. (1) Education System Teaching style and modality; Need to address systemic conditions Lack of standardization in education (global context)

  12. (2) Changing Profile/Qualifications of Workers Multigenerational Workforce ( Tolbi z e, 20 08)

  13. What is Gen Y Seeking…?

  14. What are Baby Boomers Seeking…?

  15. Impact on Workplace As Baby-boomers Leave… Large scale loss of expertise Experts leaving the workplace in waves, depriving their organizations of critical skills, experience and relationships that are likely hard to replace; Need to manage successful transfer of experience and knowledge to younger workers Challenge of eldercare for employees Increasing number of employees need to balance work with caring for elderly parents and other relatives (Issues: family and social life; Productivity) (Community Business)

  16. (3) Changing Nature of Work Work getting fragmented – GIG Economy; New social contract Hyper connectedness and collaboration within the network – build business partnerships, create varied career Increased reliance on technology and smart machines – further replace human workers

  17. Advances in technology will eliminate some jobs… 56%of the salaried workforce in 5 Southeast Asian countries including the Philippines are at high risk of losing their jobs to automation in the next 2 decades

  18. Are you ready for this…? 50% of HR practitioners currently in the profession will be gone in less than a decade

  19. Workplace Trends Reflect Needs of Workforce

  20. Workplace Trends Reflect Needs of Workforce (Source: ADP Research)

  21. Key Takeaways • HR needs to think business, not just HR. The external market must be integrated within how HR operates • Analytics capabilities will be a fundamental requirement for the effective HR business partner • Build relationships. Connect yourself to central nodes in the network

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