20.08.2013 Views

Download - Ernst & Young T Magazine

Download - Ernst & Young T Magazine

Download - Ernst & Young T Magazine

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Credit: Philippe Schlienger<br />

Human Age. This is a complex new era in which<br />

companies will have to embrace new work<br />

models, people practices and talent sources to<br />

ensure future success. In order to unleash their<br />

potential, companies will need to engage with<br />

their people on a deeper, human level. Individual<br />

needs will determine recruitment and<br />

development strategies. Companies will need to<br />

provide an environment suitable for collaboration<br />

and to anticipate more precisely the skills that<br />

they’ll need.<br />

When we first discussed these ideas at the<br />

2011 World Economic Forum in Davos, many felt<br />

that they were interesting. Since then, there has<br />

been continued social, political and economic<br />

turbulence. This year in Davos, we noticed that<br />

more and more companies are seeing the impact<br />

of these changes. Business leaders realize, for<br />

example, that there is a shortage of good people,<br />

that they don’t have the right people to develop<br />

the right strategy and that there is skill mismatch<br />

in key markets.<br />

What does the future hold for expatriate<br />

managers?<br />

We see fewer and fewer companies today looking<br />

for expatriate managers. They are not<br />

sufficiently or deeply connected to the markets<br />

in which they operate. The old idea where<br />

managers from developed countries go in and<br />

show the locals what to do is finished.<br />

Increasingly, we see what we call the “reverse<br />

expat” phenomenon. This approach rotates a<br />

local manager, based in the emerging market,<br />

through functions outside the home market. The<br />

manager can then adapt the experiences gained<br />

from this to the local market upon their return.<br />

The reverse expat approach is also a<br />

particularly powerful way to enhance retention<br />

of local talent because it allows employees in<br />

emerging markets to see that the company is<br />

truly global. If you are sitting in a business in<br />

Asia, for example, and you can see some Asian<br />

counterparts who have been promoted and are<br />

now running pieces of the business, it makes a<br />

big difference to the overall level of employee<br />

retention, particularly when it comes to key<br />

talent. Seeing that the top echelons of<br />

management are not just dominated by the<br />

parent country management team provides<br />

reassurance for ambitious local managers in<br />

these markets.<br />

How can companies balance local<br />

responsiveness with global economies of scale?<br />

I think many companies struggle to get a balance<br />

between being aligned globally but also being<br />

sensitive to appropriate local interpretation.<br />

Companies need to have global collaboration but<br />

they also need to be anchored in the local<br />

market. Some company programs will be applied<br />

systematically in all markets; others can be<br />

adapted to the needs of the local environment.<br />

There is a lot of complexity here, and managers<br />

Rise of the reverse<br />

expatriate<br />

One of the trends that<br />

Manpower’s Françoise Gri<br />

is seeing in the market<br />

is the rise of the “reverse<br />

expat”, in which a local<br />

manager from an emerging<br />

market is rotated through<br />

functions outside of their<br />

home market.<br />

have a new level of responsibility to implement<br />

this quickly, efficiently and in the right way.<br />

At ManpowerGroup, we have developed<br />

frameworks to help the company find a balance<br />

between local and global. The framework has two<br />

major components to it: one fixed and one<br />

flexible. The fixed part consists of processes that<br />

are non-negotiable, whether you are in Istanbul<br />

or Buenos Aires. In those instances, the local<br />

company needs to operate according to this fixed<br />

template, no matter what. Then there’s a flexible<br />

component, where managers can localize the<br />

program to the needs of the local market.<br />

Creating those frameworks has increased our<br />

speed tremendously because it has taken a lot of<br />

the mystery out of who’s accountable for what.<br />

Is technology changing the nature of work?<br />

It is difficult to understate the likely impact of<br />

technology on the workforce. Technological<br />

developments allow new ways of getting work<br />

done, which increase the importance of<br />

co-ordination and collaboration. Rapid<br />

communication via online networks, for example,<br />

is changing organizations’ choice of where, when<br />

and how work is performed. Social networks are<br />

pervasive, but research suggests that only 30<br />

of executives understand the implications of this<br />

new, data-intensive, social network-intensive<br />

world. This is a big challenge. We have had waves<br />

of technology before, but I think the impact<br />

today is much more subtle, while no less<br />

important. It has therefore become crucial to<br />

understand the human dimension, to adapt and<br />

respond to this changing technology.<br />

How important is diversity?<br />

I am a strong believer in diversity. It isn’t just<br />

about hiring on the basis of gender, religious<br />

persuasion or culture. Without genuine diversity<br />

of thought and representation, you’re not going<br />

to come up with the right answers. It’s just too<br />

complex to have a purely British team, for<br />

example, running a global company.<br />

As part of that drive for diversity, we need to<br />

have more women involved in business,<br />

particularly given the talent supply challenges<br />

and talent mismatch problems we see. The<br />

female talent pool is still largely untapped. I think<br />

involving women more in the labor market and,<br />

in particular, at senior leadership level, will help<br />

companies to access the right talent to succeed.<br />

In addition, female executives can bring new and<br />

valuable perspectives to the leadership team.<br />

This kind of change does not come about on<br />

its own, however. You have to fight for it. I think<br />

companies are slowly making progress on this<br />

front, but not enough. Much more still needs to<br />

be done. Looking to the future, I think the<br />

companies that will do best in the new and<br />

evolving workplace of tomorrow are those that<br />

have dealt with diversity for a long time<br />

and that have embedded it into their values and<br />

culture.<br />

<strong>Ernst</strong> & <strong>Young</strong> Issue 07 T <strong>Magazine</strong> 21

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!