Professional Documents
Culture Documents
Presented by: Keith J. Greene, SPHR Vice President, Member Relations SHRM
71% said yes, with many with many looking for part-time jobs or an opportunity to move in and out of the workforce perhaps during a period as long as 10 years. The study, conducted by Harris Interactive, involved online interviews with more than 5,000 adults aged 25 years to 70 years. (5/06)
WHY Do you (Baby Boomers) want to work into retirement? To remain mentally and physically active I want to try new professions Earning money
Steps in Preparation for Possibility of Worker Shortage Due to Baby Boomer Retirement Providing continuous skills training for incumbent workers (to update workers skills and keep workers ahead of the curve) Researching and potentially modifying pay scales to ensure competitiveness Providing baby boomers information regarding retirement planning considerations Offering flexible benefits packages for employees Increasing recruiting efforts overall
10. Demand for greater transparency of corporate financial position 9. Under-funding of pensions 8. Continued corporate downsizing and bankruptcies 7. Continued mergers and acquisitions activity 6. Labor shortage only at the high-skilled level
Economic Trends Most Likely to Have a Major Impact on or Cause a Radical Restructuring of the Workplace
Threat of increased health care/medical costs on the economic competitiveness of the United States Rising retiree benefit costs Continued expansion of global business and increased interdependence of countries and cultures Labor shortage at all skills levels Changes in corporate governance as a result of scandals/Sarbanes-Oxley Act
Actions Organizations Are Taking or Planning to Take in Response to Economic Trends Hiring workers (or increasing size of workforce) Increasing expectations of employee productivity to offset benefits cost increases Increased investment in recruiting and retaining highly specialized knowledge workers Raising wages Decrease in health care benefits
Actions Organizations Are Taking or Planning to Take in Response to Employment Trends Increasing spending on learning and training initiatives Shifting to the use of HSAs to offset the increase in health care costs Increasing use of flextime Decreasing health care benefits Increasing use of customized employee benefits packages
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Actions Organizations Are Taking or Planning to Take in Response to International Trends Expanding into global marketplace Giving more consideration to regional political issues when making decision to invest abroad Increasing security for expatriate employees Offshoring manufacturing jobs to developing countries Offshoring white-collar jobs to developing countries
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5. Retirement benefits portability 4. Proposed immigration laws--H1B visas, temporary worker programs, etc. 3. Focus on global security 2. State health care legislation 1. Federal health care legislation SOURCE: SHRM Workplace Forecast
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Changes in company policy as a response to federal regulations Changes in company policy as a response to state regulations Increased investment in employee safety and security in the United States Increased investment in expatriate employee safety and security Changes in company policy as a response to environmental issues
Serve the Professional. Advance the Profession.
2003 SHRM
10. Increase in age discrimination litigation 9. Rise in number of individuals and families without health insurance 8. Changing definition of family (children living with grandparents; same-sex couples; unmarried cohabitating couples, etc.) 7. Broadening diversity--religion, ethnicity, culture 6. Increase in chronic health conditions such as diabetes, heart conditions, etc.
Serve the Professional. Advance the Profession.
2003 SHRM
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Actions Organizations Are Taking or Planning to Take in Response to Science/Technology Trends Implementing technology usage policies for employees Implementing an employee privacy policy Investing in technology and services designed to protect company data in the event of disaster or cyber attack Nondisclosure/non-compete agreements for intellectual property Expanding the use of the Web for the delivery and utilization of HR applications
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Actions Organizations Are Taking or Planning to Take in Response to HR Trends Increasing use of technology to perform transactional HR functions Increasing HRs role in promoting corporate ethics/corporate social responsibility Increasing investment in training for HR staff Building people management or human capital component into key business transactions (change management, mergers and acquisitions) Measuring human capital
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Survey of 150 Senior Executives at Fortune 1000 Companies. Released in October 2004. SOURCE: Burson-Marstellar
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What Are the Top Five Very Important Aspects of Employee Job Satisfaction?
Employee Responses Compensation/Pay (70%) Benefits (66%) Job Security (64%) Flexibility to Balance Work/Life Issues (58%) Feeling Safe in the Work Environment (57%)
SOURCE: 2006 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
What Are the Top Five Very Important Aspects of Employee Job Satisfaction?
HR Professionals Responses Relationship with Immediate Supervisor (71%) Management Recognition of Employee Job Performance (69%) Compensation/Pay (62%) Benefits (61%) Communication between Employees and Senior Management (60%) SOURCE: 2005 SHRM Job Satisfaction Survey 505 Randomly Selected HR Professionals
Serve the Professional. Advance the Profession.
2003 SHRM
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Top Five Very Important Aspects Driving Job Satisfaction Male Female Benefits Compensation/Pay Job Security Work/Life Balance Feeling Safe Work/Life Balance Benefits Feeling Safe Compensation/Pay Job Security
SOURCE: 2005 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
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SOURCE: 2005 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
SOURCE: 2005 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
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SOURCE: 2005 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
SOURCE: 2005 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
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SOURCE: 2005 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
SOURCE: 2005 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
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SOURCE: 2005 SHRM Job Satisfaction Survey 600 Randomly Selected Employees
For Those of You Who Want to Receive Verbal Praise, Are You Receiving It?
I am 79% Im not 21% Source: Maritz Incentives October 2005 1000 full-time Employees
2003 SHRM
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For Those of You Who Want to Receive Written Praise, Are You Receiving It?
I am 40% Im not 60% Source: Maritz Incentives October 2005 1000 full-time Employees
2003 SHRM
For Those of You Who Want to Be Singled Out during a Special Event, Are You Being Recognized That Way?
I am 30% Im not 70% Source: Maritz Incentives October 2005 1000 full-time Employees
2003 SHRM
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For Those of You Who Want a Cash Bonus As Recognition for your Work, Are You Receiving It?
I am 29% Im not 71% Source: Maritz Incentives October 2005 1000 full-time Employees
2003 SHRM
For Those of You Who Want Incentives such as Award Merchandise, Gift Cards or Trips as Recognition for your Work, Are You Receiving It?
I am 27% Im not 73% Source: Maritz Incentives October 2005 1000 full-time Employees
2003 SHRM
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For Those of You Who Want an Award such as a Trophy as Recognition for your Work, Are You Receiving It?
I am 27% Im not 73% Source: Maritz Incentives October 2005 1000 full-time Employees
2003 SHRM
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Ages 55+ 68% 18-34 - 55% Source: Harris Interactive (6/05 - 7,718 US Adults)
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58% 56% 54% 52% 50% 48% 46% 44% 42% Yes
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HR Professionals 73% Employees 56% Source: SHRM + Career Journal.com Poll (6/05)
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HR Professionals 80% Employees 66% Source: SHRM + Career Journal.com Poll (6/05)
HR Professionals 61% Employees 43% Source: SHRM + Career Journal.com Poll (6/05)
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Are Employees Loyal to Their Company and Is the Company Loyal to Them?
Employee Loyalty 60% Employer Loyalty 26% Source: Randstad August 2005
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1995 58.6% 2003 48.9% Source: Conference Board NOTE: The larger the employer, the lower the satisfaction
2003 SHRM
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2002 69% 2004 63% SOURCE: Watson Wyatt Worldwide NOTE: Survey of about 1200 employees in a variety of industries.
2003 SHRM
2002 53% 2004 47% SOURCE: Watson Wyatt Worldwide NOTE: Survey of about 1200 employees in a variety of industries.
2003 SHRM
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2002 56% 2004 50% SOURCE: Watson Wyatt Worldwide NOTE: Survey of about 1200 employees in a variety of industries.
2003 SHRM
Yes 62% No - 38% SOURCE: ExecuNet NOTE: Survey of 400 Employed Senior Executives (10/04)
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Marcus Buckingham
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Source: Accenture
What Are the Five Most Common Fully or Almost Fully Outsourced HR Functions?
Outplacement Services (91%) Employee Assistance Programs (89%) Defined Contribution/401(k) Plans (83%) COBRA Administration (77%) Defined Benefit Pension Plans (68%)
Source: Hewitt Associates Survey of 129 Large Companies Representing Nearly 2 Million Employees (4/05)
Serve the Professional. Advance the Profession.
2003 SHRM
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Source: Hewitt Associates Survey of 129 Large Companies Representing Nearly 2 Million Employees (4/05)
Serve the Professional. Advance the Profession.
2003 SHRM
By 2008, Large Companies Plan to Expand HR Outsourcing into the Following Areas
Leave Management Learning and Development Payroll Recruiting Health and Welfare Global Mobility
Source: Hewitt Associates Survey of 129 Large Companies Representing Nearly 2 Million Employees (4/05)
Serve the Professional. Advance the Profession.
2003 SHRM
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With Regard to HR, Do You Expect to Outsource More or Less or the Same Over the Next Couple of Years?
60% 50% 40% 30% 20% 10% 0% More East
More 36% The Same 51% Less 6% SOURCE: Watson Wyatt Worldwide Survey of 135 Companies Released in May 2005
The Same
Less
To Be Successful, HR Professionals Must Develop Competence in Five Key Domains Strategic Contribution 43% Personal Credibility 23% HR Delivery 18% Business Knowledge 11% HR Technology 5%
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The HR Professional MUST Master These Competencies in order to Succeed in the Future Strategic thinking Talent management Business acumen Technology/ technical skills International/ global perspectives Finance capability Flexibility/ adaptability Change management Innovation and creativity
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Wayne Gretsky
Michael Jordan
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Employers who dont treat applicants well are starting to pay for it.
Marcus Buckingham
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People who work with you dont have to agree with you, but they have to feel youre willing to share what youve learned.
Jeff Immelt
Marcus Buckingham
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Peter Drucker
Muhammad Ali
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Frank Tyger
Opportunity is missed by most people because it comes dressed in overalls and looks like work.
Thomas Edison
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Tell me and Ill forget. Show me and I may remember. Involve me and Ill understand.
Socrates
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