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GSK is not seen as an attractive brand to work for by the younger generation in the Emerging Markets. Current employee value proposition, is inadequate to attract and retain talent. If we can have governance in place and dare to take risks on developmental moves, we will accelerate growth of high-potentail individuals.
GSK is not seen as an attractive brand to work for by the younger generation in the Emerging Markets. Current employee value proposition, is inadequate to attract and retain talent. If we can have governance in place and dare to take risks on developmental moves, we will accelerate growth of high-potentail individuals.
GSK is not seen as an attractive brand to work for by the younger generation in the Emerging Markets. Current employee value proposition, is inadequate to attract and retain talent. If we can have governance in place and dare to take risks on developmental moves, we will accelerate growth of high-potentail individuals.
Problem-Solving Initiative : Leadership for the next 10 years.
1 4 PROBLEM STATEMENT ROOT CAUSE ANALYSIS REVIEW DATA AND DRAFT HYPOTHESIS
3
1. Representation from Emerging market at Strategic Leadership level is very low at present which in future will further reduce emerging market potential both in result and in talent contribution.
2. Current GSK capability program was designed keeping todays need in mind and to build the foundation. Key global disruptions and internal VOC show that talent mix, capability and processes are inadequate to lead in next 10 years.
3. GSK is not seen as an attractive brand to work for by the younger generation in the Emerging Markets.
H 1 If there is more diversity and inclusion at CET & at Board level, we would develop leadership with a robust Global mindset. Leaders watch walk the talk at the Top.
H2: If we can have governance in place and dare to take risks on developmental moves, we will accelerate growth of high-potential individuals . Mindset of leaders at most levels is to resist change. That suited them so far but will have to change in future.
H3: Current Employee Value Proposition, is inadequate to attract and retain talent lacks flexibility at workplace and SMAC-(social, mobile,anaytics and cloud) element.
H4: Our local compensation and benefit package are in many countries not attractive enough for Hi potentail candidates.
ACTION PLAN
1. Representation of emerging market at Strategic level . B.Leadership mix change plan Board : (30% by 2016 and 70% by 2025 CET: 30%by 2016 and 70% by 2025. LOC: Ready Soon to have one rotation in Mature Market by 2019.
2. Talent Council by 2015.
3. Relaunch Employee Value Proposition by 2015
4. Retain talent by offering local attractive & customized benefits Packages by 2015
Leadership Gap GSK INTERNAL ANALYTIC S CAPABILITIES ENVIRONMENT PEOPLE TALENT MANAGEMENT Trends : Faster, digital, transparent, quantum & currency of future Social structuring-Micro contribution Disruptions : Demise of Biz model-
Changes go faster than GSK Glocalization vs localization and Globalization
GSK BUSINESS MODEL Emerging technologies, Technology and Data explosion. Talent Styles, Skills, Knowledge & selection process
Promoting High performer / High Potential Young generation: Understand , engage and retain Reluctant to change The Talent mix: Board, CET, LOC, Age, Diversity (gender & Culture) Global Mindset
Ability to lead in uncertain situations Our systems are not state of the art
Cause and Effect Fishbone
+Technology and Data explosion + Trends : Faster, digital, transparent, quantum & currency of future + Disruptions : Demise of Biz model- +Social structuring-Microcontribution + Young generation: Understand , engage and retain + Differentiation from early adopters: e,g Unilever, Novartis, GE,Nestle, +Possible impact on Pharma, Consumer and vaccines
+Talent Styles, Skills, Knowledge and selection process
+ Reward
Current state Proposal How we close the Gap TALENT Team update on Leadership in/for EM
+Formation of Talent Council- with Andrew & Claire as chairpersons
+Improve Leadership mix in Board, CET and in LOC on EM representation and diversity.
+ Separate CoE on Technology, Digital & Data analytics
+Eastern & LATAM & Russian culture immersion- Tie up with universities
+Reward??
A.Formation of Talent council:
B.Leadership mix change plan Board : (30% by 2016 and 70% by 2025 CET: 30%by 2016 and 70% by 2025. LOC: Ready Soon to have one rotation in Mature Market by 2019.
C.CoE DTD (Digital, Technology and Data) Q2 2015
D. Tie up with 3/4 Universities by Q3 2015, Program launch by Q1 2016.
What is Business expecting from HR? 4 things:
1. Bust talent bureaucracy.
2. Future roadmap .
3. LOC voice and representation.
4. Reward and communicate talent orientation in leaders.