Adapt to Survive

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Economies survive by continually responding to the world around them. This means harnessing new technologies or exploiting new international markets in pursuit of growth. Today, these global shifts – seismic shocks to economies – occur more frequently, are more complex and, in knowledge- based economies are more dependent on talent than ever. In countries where a workforce lacks the skills that are suddenly in demand, we see a skills gap emerge. This leads to higher unemployment rates while vacancies increase and productivity and growth decline.

 

This amazing study commissioned by Linkedin will stagger you.

 

PwC asks ‘How can economies survive?’ The answer - by adapting. Not just with technology, but adapting our thinking on ‘people’

 They go on to say that ‘..unlike the macro-strategies of the last century, people – not just policy – must drive today's adaptability’, and that ‘our new ability to measure it and analyse talent adaptability – and to start to understand what drives it – are crucial steps forward.

This report brings together the two most comprehensive sources of talent data in the world: the real- time behaviours drawn from LinkedIn’s 277 million members and employer information from PwC’s Saratoga database of people and performance metrics, which covers more than 2,600 employers across the globe.

 PwC’s recommendations are organised around the following groups:

 ·       Individuals who need to future proof their career

·        Employers who need to seek out, nurture and reward adaptable talent

·        Educators who need to offer courses and job training that produces adaptable people

·        Governments who need to create a climate of adaptability

 This report is an absolute MUST READ if you employ staff and want to stay in business for the long haul.

About PwC:

This PwC report Retail Banking 2020: Evolution or Revolution reveals that more than half (55 per cent) of senior retail bank executives believe non-traditional new players are a threat while 31 per cent believe they present innovative partnership opportunities. 


The findings are based on a survey of 560 financial services executives from leading institutions in 17 countries. It also incorporates insights from PwC's global network and its Project Blue work on the future of financial services. 

According to the report, 54 per cent of executives believe big banks will retain their dominance in 2020 despite the rise of new players. 

Asian Pacific and Emerging Market bankers are most likely (71 per cent and 79 per cent) to consider how global trends (economic growth, regulation, demographic growth and technological changes) will impact the industry in 2020 - compared with the US and Europe, 61 per cent and 67 per cent respectively.

For more info go to www.pwc.co.nz

Adapt to Survive

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