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Managing tomorrow's people:
How the downturn will change the future of work

The economic crisis has created the biggest challenge to economic prosperity since the 1930s. Focused on survival, many companies are slashing workforce headcount and drastically reducing their people spend.

The economic crisis has raised fundamental questions about the institutions and practices of modern business life.

Faith in a self-regulating financial system has been shaken, confidence in the foundations of business has been eroded, and a new generation of workers is reassessing the parameters of the employer/employee relationship.

We explore the impact of the downturn on people management, the options open to companies and the scenarios we believe may play out through this time of great change.

How will the decisions you make today affect your ability to compete in the future? What scenarios are plausible realities for your business in a decade’s time? And what are the real business options you need to consider to ensure a healthy talent pipeline?

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How will Blue World companies emerge from the downturn?

In the Blue World, there is an increased focus on hard people metrics to measure performance and productivity, as companies look at the long-term reality of having to do more with less. In a sea of new economic superpowers, Blue World companies must foster elite performance cultures.

A fictitious global leader in branded pharmaceuticals, Yao was formed by the agreed takeover of Como by China’s state-owned Yao Generics in 2012. Patent expiries, an insufficiently developed drug pipeline and increasing competition from generic producers left Como vulnerable after the global recession of 2008-10.

Chart the actions of Yao

How will Green World companies emerge from the downturn?

In the Green World, demands for greater transparency and social responsibility in business have been magnified by the crisis and are resonating with the green agenda’s call for environmental responsibility. This will impact many areas of people management, particularly in relation to how people are recognised.

G-Bank is a fictitious US-based investment and commercial bank, in business since 1922. Its strategic direction has always been geared toward the long term, to ensure both economic and environmental sustainability.

 

How will Orange World companies emerge from the downturn?

The opportunity for radical new ways of working will emerge through innovation in the Orange World. The practice of outsourcing and globalisation of the workforce is taken to an extreme portfolio working model, where people organise their working lives like individual businesses in a highly networked world.

Data Honey is a fictitious highly successful market research and consumer communications agency based in the outskirts of Oslo, Norway. Fragmenting global structures and the growth of new, dynamic local markets have helped Data Honey thrive.

Chart the actions of Data Honey

Contacts

Michael Rendell
Partner and leader of Human resource services
Tel: +44 20 721 24945
Leyla Yildirim
Marketing, Human resource services
Tel: +44 1481 75 2039

Global HRS contacts

The future of work

From the growing talent shortage to the after-effects of the global economic crisis, how will business be redefined by global forces? Will this transformation shape the way in which companies manage their people?

Explore the possibilities

Understand the perspective of a new generation

What drives this new generation? What are their priorities and expectations of employers and the world of work? Are they really so different from previous generations?

Meet the workforce of the future

Managing tomorrow's people

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US

Karen Vander Linde
Partner and leader, People and Change
PricewaterhouseCoopers LLP (US)
+1 (703) 918 3271
karen.m.vanderlinde@us.pwc.com

John Caplan
Partner and leader, Human Resource Services
PricewaterhouseCoopers LLP (US)
+1 (646) 471 3646
john.caplan@us.pwc.com

Asia

Ron Collard
Partner
PricewaterhouseCoopers LLP (Singapore)
+65 6236 7278
ron.pa.collard@sg.pwc.com

Mandy Kwok
Partner
PricewaterhouseCoopers (Hong Kong)
+852 2289 3900
mandy.kwok@hk.pwc.com

Europe

Henk van Cappelle
Partner
PricewaterhouseCoopers (Netherlands)
+31 20 568 6210
henk.van.cappelle@nl.pwc.com