[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,2014 is a very special year for me:
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,20 years as a consultant,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,20 years of marriage,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and I'm turning 50 in one month.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That means I was born in 1964
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in a small town in Germany.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It was a grey November day,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and I was overdue.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The hospital's maternity ward\Nwas really stressed out
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,because a lot of babies were born
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,on this grey November day.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,As a matter of fact, 1964
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,was the year with the highest\Nbirth rate ever in Germany:
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,more than 1.3 million.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Last year, we just hit over 600,000,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,so half of my number.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,What you can see here
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is the German age pyramid,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and there, the small black point\Nat the top, that's me.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,(Laughter) (Applause)
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In red, you can see the potential\Nworking age population,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,so people over 15 and under 65,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and I'm actually only interested
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in this red area.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, let's do a simple simulation
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of how this age structure will develop
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,over the next couple of years.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,As you can see,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the peak is moving to the right,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and I, with many other baby boomers,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will retire in 2030.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,By the way, I don't need any forecasts
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of birth rates for\Npredicting this red area.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The red area, so the potential working age
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,population in 2030
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is already set in stone today,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,except for much higher migration rates.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And if you compare this red area in 2030
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,with red area in 2040,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,it is much, much smaller.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So before I show you\Nthe rest of the world,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,what does this mean for Germany?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So what we know from\Nthis picture is that labor supply,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,so people who provide labor,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will go down in Germany,\Nand will go down significantly.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, what about labor demand?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That's where it gets tricky.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,As you might know, the consultant's
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,favorite answer to any question is,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,"It depends."
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So I would say it depends.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We didn't want to forecast the future.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Highly speculative.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We did something else.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We looked at the GDP and\Nproductivity growth of Germany
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,over the last 20 years
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and calculated the following scenario:
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,if Germany wants to continue\Nthis GDP and productivity growth,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we could directly calculate
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,how many people Germany would need
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to support this growth.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And this is the green line: labor demand.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So Germany will run into a major
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,talent shortage very quickly.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Eight million people are missing,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,which is more than 20 percent\Nof our current work force,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,so big numbers, really big numbers.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And we calculated several scenarios,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and the picture always looked like this.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, to close the gap,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Germany has to significantly
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,increase migration,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,get many more women in the work force,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,increase retirement age.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,— by the way, we just\Nlowered it this year —
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and all these measures at once.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,If Germany fails here,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Germany will stagnate.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We won't grow anymore. Why?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Because the workers are not there\Nwho can generate this growth.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And companies will look
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for talents somewhere else.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But where?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, we simulated labor supply
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and labor demand
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for the largest 15 economies in the world,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,representing more than 70 percent
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of world GDP,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and the overall picture looks like this
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,by 2020.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Blue indicates a labor surplus,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,red indicates a labor shortfall,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and grey are those countries\Nwhich are borderline.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So by 2020, we still see a labor surplus
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in some countries,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,like Italy, France, the U.S.,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but this picture will change
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,dramatically by 2030.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,By 2030, we will face\Na global work force crisis
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in most of our largest economies,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,including three out of\Nthe four BRIC countries.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,China, with its former\None-child policy, will be it,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,as well as Brazil and Russia.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, to tell the truth,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in reality, the situation
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will be even more challenging.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,What you can't see here\Nare average numbers.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We de-averaged them
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and broke them down
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to different skill levels,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and what we found
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,were even higher shortfalls
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for high-skilled people
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and a partial surplus
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for low-skilled workers.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So on top of an overall labor shortage,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we will face a big skill\Nmismatch in the future,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and this means huge challenges
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in terms of education, qualification,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,upskilling for governments and companies.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, the next thing we looked into
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,was robots, automation, technology.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Will technology change this picture
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and boost productivity?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, the short answer would be
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that our numbers already include
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,a significant growth in productivity
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,driven by technology.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,A long answer would go like this.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Let's take Germany.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The Germans have a certain\Nreputation in the world
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,when it comes to productivity.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In the '90s, I worked in our Boston office
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for almost two years,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and when I left, an old senior partner
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,told me literally,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,"Send me more of these Germans,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,they work like machines."
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That was 1998.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Sixteen years later, you'd\Nprobably say the opposite.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,"Send me more of these machines.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,They work like Germans."
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,(Laughter) (Applause)
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Technology will replace
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,a lot of jobs, regular jobs.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Not only in the production industry,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but even office workers are in jeopardy
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and might be replaced by robots,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,artificial intelligence,\Nbig data, or automation.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So the key question is not
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,if technology replaces some of these jobs,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but when, how fast, and to what extent,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,or in other words,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will technology help us
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to solve this global work force crisis?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Yes and no.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This is a more sophisticated\Nversion of "it depends."
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Let's take the automotive industry
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,as an example,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,because there, more than 40 percent
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of industrial robots are already working
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and automation has already taken place.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In 1980, less than 10 percent
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of the production cost of a car
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,was caused by electronic parts.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Today, this number is more than 30 percent
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and it will grow to more than 50 percent
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,by 2030.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And these new electronic parts
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and applications require new skills
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and have created a lot of new jobs,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,like the cognitive systems engineer
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,who optimizes the interaction
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,between driver and electronic system.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In 1980, no one had the slightest clue
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that such a job would ever exist.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,As a matter of fact,\Nthe overall number of people
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,involved in the production of a car
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,has only changed slightly
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in the last decades,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in spite of robots and automation.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So what does this mean?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Yes, technology will\Nreplace a lot of jobs,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but we will also see a lot of new jobs
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and new skills on the horizon,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and that means technology will worsen
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,our overall skill mismatch.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And this kind of de-averaging
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,reveals the crucial challenge
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for governments and businesses.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So people, high-skilled people,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,talents, will be the big thing
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in the next decade.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,If they are the scarce resource,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we have to understand them much better.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Are they actually willing to work abroad?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,What are their job preferences?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,To find out, this year we contacted
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,a global survey
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,among more than 200,000 job seekers
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,from 189 countries.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Migration is certainly one key measure
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to close a gap, at least\Nin the short term,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,so we asked about mobility.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,More than 60 percent
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of these 200,000 job seekers
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,are willing to work abroad,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for me a surprisingly high number.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,If you look at the employees aged 21 to 30
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,this number is even higher.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,If you split this number up by country,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,yes, the world is mobile,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but only partly.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The least mobile countries
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,are Russia, Germany, and the U.S.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, where would these\Npeople like to move to?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Number seven is Australia,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,where 28 percent could imagine moving to.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Then France, Switzerland, Germany,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Canada, U.K., and top choice worldwide
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is the U.S.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, what are the job preferences\Nof these 200,000 people?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So what are they looking for?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Out of a list of 26 topics,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,salary is only number eight.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The top four topics\Nare all around culture:
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,number four,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,having a great relationship with the boss;
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,three, enjoying a great work-life balance;
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,two, having a great\Nrelationship with colleagues;
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and top priority worldwide
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is being appreciated for your work.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So do I get a thank you?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Not only once a year
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,with the annual bonus payment,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but every day.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And now, our global work force crisis
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,becomes very personal.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,People are looking for recognition.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Aren't we all looking for recognition
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in our jobs?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, let me connect the dots.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We will face a global work force crisis
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,which consists of\Nan overall labor shortage
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,plus a huge skill mismatch
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,plus a big cultural challenge.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And this global work force crisis
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is approaching very fast.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Right now, we are\Njust at the turning point.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So what can we, what can governments,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,what can companies do?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Every company,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but also every country,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,needs a people strategy,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and act on it immediately,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and such a people strategy consists
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,out of four parts.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Number one, a plan
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for how to forecast supply and demand
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for different jobs and different skills.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Work force planning
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will become more important\Nthan financial planning.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Two, a plan for how to\Nattract great people:
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,generation Y, women, but also retirees.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Three, a plan for how to educate
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and upskill them.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,There's a huge upskilling challenge
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,ahead of us.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And four,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for how to retain the best people,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,or in other words,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,how to realize an appreciation
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and relationship culture.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,However, one crucial underlying factor
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is to change our attitudes.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Employees are resources, are assets,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,not costs, not head counts,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,not machines, not even the Germans.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Thank you.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,(Applause)