Tracey Smith, Former Global Business Strategist: Strategic HR, Workforce Planning, and Analytics, FedEx Corporation
According to the 2010 McKinsey Global Survey, executives worldwide believe that the most important development in the next five years will be the shift of global economic activity from developed to developing countries with a growing number of consumers in emerging markets. Corporate challenges center on being able to find the right talent to meet these developments, particularly in view of low birth rates and the aging workforce in many developed countries. Historically, Global Workforce Planning (GSWP) has tended to take place mainly at the regional or global business unit level in silo fashion which prevents the flow of talent across the entire company and the synergy of recruitment campaigns for the same resources. It can be wasteful and costly and typically results in a lack of alignment with the overall corporate business strategy.
However, with the global war for talent, it is no longer possible to rely on regional or business unit planning, especially when it comes to critical technical talent that is crucial for the success of the overall corporate strategy. C-Level executives now understand the importance of leveraging talent more effectively across their business units and worldwide locations. This session will share how companies can paint a global picture of their workforce and implement GSWP. This is important in order to decide where and how work will actually be performed worldwide, taking into consideration multiple issues including talent supply, cost, mobility, accessibility to customers, and which business units need the talent.