According to the founder of the World Economic Forum, Klaus Schwab: “Capital is being superseded by creativity and the ability to innovate – and therefore by human talents – as the most important factors of production.”
This view is underlined by CEOs in every industry, with recruitment and talent management moving to the top of boardroom agendas around the world. HR Professionals have never had a greater opportunity to directly shape and impact the future of their organizations. They have also never faced such challenges, with an increasingly mobile global workforce shifting the balance of power from institutions to individuals.
The War for Talent has never been more intense, important or complex. Increasing income inequalities around the world underscore the price that top talent can now demand. A bidding war for such talent will, by definition, yield few winners and many losers.
We believe the real winners will not be those who can bid the most, but those organizations who can create holistic talent management programs that can recruit for potential, develop on the job, and retain for the future.
The Six Pillars of Talent Management
Our new White Paper – The New Language of Talent Management – highlights the concerns of global CEOs, shares the success stories of industry disruptors, and outlines how the traditional approach to talent management needs to change in six core areas:
Recruitment: from square pegs for square holes to game changers who can shape the future.
Learning Management: from extracurricular activity to a strategic recruitment, development and retainment tool
Goals & Performance: from bureaucratic annual reviews to dynamic business drivers
Career Development: from check the box corporate-driven org-charts to outside the box employee-focused experiences
Rewards & Compensation: from show me the money to a life of fulfillment
Succession Planning: from finding clones to fill retiree’s shoes to opening up the rainbow boardroom
From Command Control to Develop and Collaborate
Command and control cultures prevailed in the capital-led industrial economy, where success was driven by efficiencies and economies of scale. In today’s talent-led connected economy, companies focused on innovation and agility are displacing those who continue to rely purely on scale and efficiencies. As they do so, the old management maxims of command and control are being replaced by cultures focused more on development and collaboration.
Innovation and collaboration are driven by diversity of thought and clarity of communication. In multi-national organizations a common language is critical, and in today’s global economy that language is English.
In an upcoming series of blog posts I’ll be exploring each of the six pillars of talent management, and showing how Pearson English Business Solutions can help you attract, develop and retain a global workforce to succeed in today’s connected economy.
Nicole R Brown
Vice President, Go-To-Market and Operations
Pearson English Business Solutions
A look at the 2013 Business English Index & Globalization of English Research
With a growing number of companies operating in as many as 20 countries with different native tongues, the majority of the world’s business conversations now take place between non-native English speakers—in English. This standardization of English as the de facto language of business has opened up incredible opportunities, but most businesses face a huge skills gap.
The BEI allows corporate leaders to benchmark their workforce’s skills against peers and competitors, and it can help multinational companies understand Business English competency across geographies and sectors. The 2013 BEI, GlobalEnglish’s third annual release of the index, is the result of a December 2012 analysis of the Business English proficiency levels of more than 212,000 GlobalEnglish subscribers from around the world. Countries with sample sizes smaller than 50 non-native English speakers were excluded from the total, resulting in an index based on 137,000 global respondents.
As the only index focused on measuring Business English proficiency, the GlobalEnglish GOE report qualifies the situation: Based on a survey of 24,000 global knowledge workers from more than 90 countries, there continues to be a nearly universal belief among the global workforce that Business English proficiency is crucial for job performance and career advancement, yet a significant majority believe their skills are not sufficient to meet the current or future demands of their career.
Visit our BEI microsite to learn more.
Read the Capgemini Italy case study to see how using GlobalEnglish resulted in significant boosts in employee skills levels, and a productivity gain of nearly two hours per employee per week.
With 2,400 employees in thirteen locations and $220 million in sales, Capgemini Italy is a key part of the entire Capgemini system—and it feared that its employees’ Business English proficiency wasn’t robust enough for the task at hand: delivering world-class IT consulting across the globe in a market where transactions are often conducted in English. A wide-ranging assessment confirmed these suspicions, leading the company to implement the GlobalEnglish Product Suite.
Englishnization: The Reasons Why
My company is based in Tokyo and the majority of the people who work for me are Japanese. Still, in order to be a fully global company, I decided our primary language of operation would be English. Everyone who works for Rakuken must communicate in English.LinkedIn by Hiroshi Mikitani on April 2, 2013.
Originally published by Training Journal in January 2013.
Laura Overton explains how Arrow Electronics built the foundations for global change
Arrow Electronics provides electronic components and computing solutions around the world and, like many multinational businesses, it is having to respond quickly to increased globalisation. It is a global organisation under a single brand that offers a consistent quality experience to customers regardless of where they are in the world.
Acting as a channel partner for more than 120,000 original equipment manufacturers and contract manufacturers, Arrow Electronics operates through a global network of more than 15,700 staff in 390 locations in 53 countries, so this is no easy feat. Historically, business took place at a local level, with staff communicating with each other using the local language. However, as the organisation has become more global, employees now need to communicate with colleagues across countries, cultures and languages.
GlobalEnglish Case Study: Jabil
China is a huge growth market for Jabil. As a result of organic growth and acquisitions, its workforce in China has doubled to 74,000 in just five years, and this growth is also expanding the markets in which Jabil China does business. While previously it relied heavily on producing components for products, Jabil China is now creating complex integrated products like mobile handsets, LCD panels and monitors, storage products, and notebooks. These integrated products require a much higher level of skill to produce, which increases the need for smooth, efficient communication. Jabil’s Design Engineering team in China is a driving force behind a vast array of products and value-added design and engineering services customized to customers’ needs.
GlobalEnglish Motivator™: the best way for your employees to get the most out of GlobalEnglish Edge™
No one wants to “crack the whip” and be the “bad guy.” Yet many times, that’s what has to happen to ensure your employees stay on track with their goals, especially when it comes to Business English programs. Well, our latest product release should offer you some relief! You can now leave the heavy lifting, the motivating and, most importantly, the results to us, thanks to the introduction of our newest service: GlobalEnglish Motivator.
GlobalEnglish Motivator helps you get the most out of your investment in our award-winning formal Business English learning platform, GlobalEnglish Edge™. The service pairs GlobalEnglish subscribers with a dedicated advisor who, over the course of 12 months, connects with them via emails and phone calls. The advisor works with the subscriber to increase their engagement and usage of GlobalEnglish Edge by providing regular guidance on:
- Orientation and on-boarding
- Goal setting and progress review
- Targeted GlobalEnglish Edge feature or activity recommendations
- Resolution of questions
Set up your employees for success by adding our new GlobalEnglish Motivator service to your purchase of GlobalEnglish Edge. Initial customer testing has shown that pairing GlobalEnglish Motivator with GlobalEnglish Edge ensures employees stay on track and reach their learning goals faster than simply relying on self-motivation. Plus, we’re offering a special introductory promotion right now for 15% off your purchase price.
Learn more about GlobalEnglish Motivator here.