talent & transformation logo

Industries Expertise Domain Experience and Focus Industries

Financial Services

Talent & Transformation‘s experience in the Financial Services industry has made it an adept partner, able to address the issues that are unique to the industry. Our deep experience in the industry tells us that it will continue to face headwinds in the near-to-medium future – both macro- and micro-economic.

Ongoing and political military conflicts, and geo-political tensions are disrupting the market. Recent and imminent elections in various countries (U.S.A; Russia; China; Argentina; Singapore –to name a few) will undoubtedly bring with them, changes in fiscal policies and the regulative environment. As a result, the sentiment of the industry – and its clients, in many countries, may be one of prudence whereby they would prefer to pause and observe how the landscape evolves before increasing their commitment and exposure.

We understand the inflationery pressures impacts on the industry. More significantly is the pain of interest rate volatility –specifically when rates are high, and the prices of stocks are low, driving up the deposit and fund expense, which has a negative effect on earnings. This retards Merger and Acquisition activity. On the other hand, potential drivers lie dormant for the M&A market: growth of the interest margin and decreasing deposits could well be the impetus to revitalize activity. There are additional potential drivers however: product innovation; geographical expansion and digital transformation. Accompanying any M&A is invariably the H.R due dillence and thereafter, integration strategy of people elements – differing cultures; people policies; leadership styles; skills; reward structures between Acquirer and Target, and the need to deploy a Transition Plan for the people-organization interface, as part of the Change Management Plan – a task that Talent & Transformation is well accomplished in.

Talent & Transformaton is cogniscent of the increasing regulatory pressures –it is common knowledge that in 2023, several notable governments and regulators ratified or advanced climate legislation and directives for reporting. This is suggestive that there will an imcreasing impetus for financial services providers to attend to sustainability and ESG factors. ’Sustainable Finance’ is a term that has come to the fore recently.

An additional layer of complexity that Talent & Transformation is well-versed in, is technological turbulence: the industry having to grapple with A.I implications, cloud computing; ever-increasing cyber-risk and fraud. Indeed, certain of our banking clients report in excess of 100,000 hacking attempts daily.

The Voice Of the Customer has also started shift: increasingly, their expectation is for Financial Service is to transition from being merely a transactional partner, to being a transformative partner to them – the Augmented Product, in classical marketing terms. We have also witnessed a tentative and slight fading of boundary lines between Financial Services and other industries, whereby affinity partnerships are merging – witness the intallments / HP option offered on Amazon ® through its partnership with Barclays Bank ®.

We further understand that the visting a bank holds little appeal for Generaton Z, and that in a crowded market, they seek a simple, rewarding relationship with their service provider. Talent & Transformation has had the privilege of assisting a certain bank in meeting this demand: whilst maintaining a traditional banking offering for earlier generations, a soft-bank subsidiary sub-brand was created for the latest bankable generation. Social media campaigns originally invited the Generation Z audience to co-design the new soft-bank sub-brand in collaboraton with the bank’s management, and were honored as ‘Co-Founders’ on the new brand’s website, social media and literature. Employees within the sub-brand wear colorful golf-type shirts and drive colourful Mini® cars to the clients workplace or home to secure their signatures and documentation for their loan / account / credit card applications, and address them by their first names. Staff also deliver cash of a minimum amount to clients, in the event of it being inconvenient for the client to drive to an ATM themself. An astute Social Media and Brand Experience strategy customized to Generation Z was then integrated: during peak ATM usage times, free Starbucks ® coffee was gifted to ATM users on the spot, and they were photographed with the bank staff receiving their coffees. The photographs were posted on Social Media thereafter. However, Social Media posts were not confined to reciepients of free coffee: clients were also invited to post ‘selfies’ of them enjoying their other banking rewards: the music concerts; the sky-diving vouchers; sports car racing training days a racing track –etc. Innovation; brand-outreach and targeting par excellence! Predicatably, this transformed the bank sub-brand into somewhat of a local cult amounst the newest bankable generation.

Talent & Transformation is keenly aware that the generational voice factor is not limited to end-user consumers, but extends to employers’ talent: a recent survey revealed that only approximately 10% of Millennial workers in Financial Services planned on having long-term tenures, and that engaging, developing and retaining them require strategy re-think. We further understand that the challenge is further complicated by Financial Services’ multigenerational workforce containing differing values and views: a recent report from LinkedIn revealed that 86% of Millennials would be willing to undergo a pay reduction if it would help them to work for an organization whose values resonated with theirs. By contrast, only 9% of Generation Baby Boomer were prepared to do the same. Apart from the implications for Compensation and Benefits strategies, we understand the cultural implications for H.R that stemmed from the survey, wherein 70% of all ages surveyed would not work for a market leader if it meant having to tolerate a poor corporate culture.

These factors call for novel strategic approaches; increased agility of the industry; improved innovative capacity; enhanced instrumentation, and leadership that is able to guide employees (especially those to who have not previously witnessed these challenges) through the turbulence.

From whichever perspective these challenges are viewed, the critical success factor can always be distilled as ‘talent’ – this is what comprises the people-organization synergy that must be harnessed to transform capability and capacity to rise to the challenges. Indeed, Talent & Transformation understands that as many as 70% of CEOs, manifested their belief through a recent survey, that their growth aspirations were threatened by a lack of key skills.

Talent & Transformation possesses a track-record of articulating efficacious people-organization strategy for Financial Services, and would be pleased to elaborate on how we could assist your Financial Services enterprize.

Retail

We are well versed in the challenges, opportunities and smart solutions for the retail industry. We understand that bricks-and-mortar retail is being pressured to offer more value than ever before, given the growth rate of physical outlets of just about 4%, compared to the 10% of online retailers.

We recognize your challenge of experiencing one of the highest rates of staff turnover across all industries. The long working hours, continual interaction with customers, and shift-work are turnover drivers that are inherent in the industry.

The seasonality that you have to deal with is challenging – especially in having to temporarily scale up, and then scale down the workforce in response to the seasonality. The extensive use of part-timers adds to your complexity. We know that the turnover, part-time staffing and seasonality leave you little chance to sustainably engage and develop staff over the long-term. We are aware that the situation is made more complex by industry players constantly have to deal with competitors trying to poach their staff.

The limited time to develop talent is well understood: every hour spent off of the shop floor and in the training room, is an opportunity cost, and managers in the industry are reluctant to release their staff for development interventions when it could affect their section’s or department’s performance results. Paradoxically, it is this very training that is required for them to remain skilled to keep up with changes in your inventory management and point-of-sales technology, as well as products listings/de-listing from your stores, and information sharing on emerging customer trends.

Tracking productivity is also a challenge in the industry for retailers with a sizeable concentration of outlets – so many outlets, so many employees, so few management resources. Staff may well deliver on their targets, but are they working at optimal productivity levels?

Dynamic workforce deployment is a further challenge: having to shift staff from one section or department to another, or to add cover staff during peak times makes workforce planning difficult, and can play havoc with, the payroll expense, if not approached with a scientific solution.

On the other hand, we are conversant with the opportunities, such as the boom in organized retail that is being experienced in emerging and frontier markets, as the world becomes more modernized. This is not without its hazards though – infusing the corporate culture into your emerging markets’ points of presence will be a rising challenge, as will the very fact that the workforces are located remotely. This will require organizational design and communication strategies that integrate remote outlets into your headquarters structures. The work does not stop there: policies and remuneration will need to conform to local legislation, and there will likely be a scarcity of qualified talent in emerging and frontier markets.

With our fingers being on the pulse of the retail industry, we know that you have many more opportunities to exploit, and with them, will come unique challenges. Investment in omni-channel retail strategies is one. Providing personalized shopping experiences is a second. Exploiting the expanding consumer trend of immediacy is another. The fourth and fifth respectively, are embracing the mobile digital wallet, and developing a customer-centric digital strategy.

We have the strategies, tools and industry experience to assist you in navigating the complexity of People-Organization matters in the world of retail.

Healthcare

At Talent & Transformation, we have in-depth understanding of the challenges facing the Healthcare industry. Although they are similar to the issues that employers in general are facing, Healthcare has a very specific variation.

We understand that talent shortages are a challenge for Healthcare, and that competition for newly qualified talent is intense. Added to the difficulty, is the growing cadre of retirees, and the dwindling amount of university candidates who are able to afford healthcare-related studies – especially medical school.

We recognize that the recruitment process is more complex and drawn out, given the added dimension of patient safety and care.

Added to this complexity, is the time consuming processes of validating licenses and qualifications – not to mention periodic re-certification, costly ongoing training and keeping track of certifications that staff possess or must attain. All being under the accountability of H.R

In addition to the medical manpower challenges, Healthcare also bears the burdens of intensive and meticulous record-keeping of patients and treatments, as well as detailed processes that govern the maintenance of medicines and equipment. The pressure to digitize is well established in this respect.

Third-party relationships are another challenge: from having to conform to supplier-side processes and systems, such as medical insurance administration, to having to procure standardization certification of imported equipment and drugs, to the requirement for robust health, hygiene and safety processes applicable to visiting suppliers / service providers.

We know that between 17% to 19% staff turnover burdens the industry, and that the supply of new talent for the industry has hovered around the 5% mark annually in recent years. We understand the issues of low workforce morale or attrition due to burnout and due to long tenures being required from healthcare professionals before having the opportunity to be promoted. In addition, the increasing pressure on the industry of work-life balance demands from its talent is a further challenge.

These are just a few of the People Organizational issues that we at Talent & Transformation have the industry expertise to address.

Public Services

Our deep knowledge and experience in Public Services gives us an intimate understanding of its intricacies. We understand the increasing pressure for Public Services to partner with the local community as opposed to simply being a detached service provider, and that this paradigm will require new efficient structures and policies, and skillsets and leadership that are highly competed for by Private Sector too.

Our experience tells us that many directorates are also facing budget cuts in today’s world of austerity. A paradox, when one considers the pressures of collective bargaining and equal pay demands. This is not helped by national negotiating machinery that is not very connected to the needs of local employers, is politically directed, and therefore concentrates more on cost management and the wider economic agenda. Complexity of remuneration management also exists from the fact that core pay, pensions and benefits tend to be separate, siloed elements in an age where the less complex and more integrated Total Remuneration Management approach is prevalent.

We know that the quest to modernize and become more efficient is complicated by the lack of opportunities to procure reliable and accurate benchmarking information and performance data, due to the sheer scale of the sector, fragmented systems and data, and a lack of peer-departments involved in the same function, to compare against. Understandably, there is a lack of time and resources -and perhaps the collective organizational management will- to review data with a view to plotting a transformation strategy; a strategy that would leverage technology more for efficiency; lower recruitment costs; transform culture; increase performance and increase attraction of skilled talent.

It is well understood that to bring about such transformation requires new-age skills, such as influencing; diversity and inclusion articulation; critical thinking; change management and social media marketing. A related issue is the emergence of new fields, such as cybersecurity, big data management and all of ESG factors (recycling, circular economy, electric vehicle infrastructure - etc.) which many Public Service entities aspire to exploit.

Public Services faces the additional challenges of sourcing these scarce new-age skills. Not only will such transformation require the necessary skills, but also an overhaul of work processes and policies, along with a multiskilled workforce in an agile, lean ecosystem, where decisions are quick, and data-driven.

Recruitment presents numerous challenges: first, Private Sector is competing for talent –especially leadership, technology and transformative talent – and Private Sector often has deeper pockets. Second, cost of talent acquisition generally runs high, as policies and procedures often mandate the use of traditional recruitment methods. Another challenge is the attrition of skilled staff, as the tendency is to retire somewhat earlier in Public Services, versus Private sector. Attracting the wired newer generation that seeks extensive use of technology in their way of working, along with flexibility in the job, creativity scope, and a less formal way of interaction in modern and pleasing workspaces, is not an easy task. It is an open fact that most Public Service ecosystems, cultures and employer value propositions do not mirror the likes of Google and Apple.

The pain of having to often re-tool and pivot towards new strategic directions set by either new political leadership installation, or new national socio-economic initiatives is well documented: labor / democrat regimes that favor ‘big government’ versus conservative / nationalist regimes that favor laisseze-faire, ‘smaller government’. Deloitte’s Report: ‘Serving The 21st Century Citizen’ makes for insightful additional reading. Talent & Transformation understands the complex people-organization task facing Public Services that comes from changes in the macro-environment – not only socio-political, but also Economic, Social and Legal. We invite you to talk to us to learn how our expertise infuses Public Services with improved organizational effectiveness.

Logistics and Travel

Talent & Transformation understands the challenges facing the industries that move people and things: the Logistics and Travel industries -as well the opportunities and an array of people-organization solutions.

Our experience in the Logistics and Travel industry tells us that it is suffering from an increasing shortage of talent – not unlike many other industries. Being a manually-intensive by nature, procedurally-driven and subject to intense time and legislation pressures, along with the element of shift-work, deters talent from entering the industry. We understand that the industry is often not perceived as the most attractive, and that attracting the scarce specialized talent required is going to become more of a challenge with the newer generations entering the workplace. These generations have been raised in an era where talk of vehicular emissions and prominent activism of the “Just Stop Oil” have tainted their perception of the industry. They have also been exposed to a social-media culture where luxury and glamor are emphasized –witness the postings of Instagram ® ‘influencers’. The talent challenge is not restricted to roles such as drivers and warehousing staff: indeed, Logistics is increasingly competing with technology companies and financial institutions for A.I.; and risk management skills in the ‘war for talent.’ There is a distinct opportunity for the industry to re-engineer their Employee Brand and Employee Value Proposition as a consequence, and to begin outreach programs to potential future talent in high school senior years and tertiary education students. Student sponsorhips and Internships are significant opportunities.

We know that cost reduction pressures, the requirement to improve business processes and systems, and increasing safety requirements and government regulations also buffet the industry. There are also significant customer-driven pressures: they are demanding more agility, traceability, and resistance plus contactability in adverse circumstances - the blockage of the Suez Canal in 2021 being a prime illustration of the latter. Again however, interesting emerging or future potential opportunities exist: Blockchain; Semi-Autonomous vehicles; Big Data; Warehouse Automation and Elastic Logistics.

The Travel industry is being buffeted by external forces more than ever, that add complexity: from the ‘over-tourism’ protests in Spain; Greece and the Balearics, to the client mobility implications of Brexit, to Gender Pay Gap Reporting requirements, and the pressures of reducing carbon emissions. Additional headwinds include geo-political unrest that disrupts travel; declining client discretionary income due to inflation, and the fact that the travel industry has become a very crowded space, requiring brands to articulate an increasingly differentitated proposition versus competitors. Talent & Transformation knows that the list of challenges continues: Clients are increasingly turning to alternative online service providers, such as Google Flights, Airbnb and Expedia. Travel providers are under pressure to evolve their value proposition and customer channels. This will require scarce new-age talent competencies in the job families of Technology and Artificial Intelligence; Digital Marketing; Change and Risk Management; Leadership and Innovation. Of the aforementioned skills, technologcial skills in particular are becoming key, as Smart Platforms will increasingly need to be embraced to lower the cost and run leaner operations and lower the cost base, and along with this digital transformation, ther will be a requirement to re-engineer processes, policies and workflows in order to integrate with them.

In Travel, our deep industry knowledge tells us that the opportunities lie in personalized travel experiences; giving them more control and reassurance of safety and quality – whether it be by facilitating Virtual Reality preview tours of hotels and surroundings, or, by de-stressing the entire travel experience by effectively handling all formalities. The rise of Eco Travel and Solo Travel is a further emerging opportunity, as is Experience Tourism. The embracement of social media – especially in the form of Vlogs; Instagram ® and ‘pinnable’ pictures, also represents fertile ground for transforming marketing efforts.

At Talent & Transformation we possess the expertise and experience to help the industry address the People-Organization challenges and capitalize on the related opportunities.

Manufacturing

The challenges of the Manufacturing Industry are clear to us, and at Talent & Transformation we are able to develop and deploy strategies that effectively address the People-Organization challenges.

An Accenture ® survey recently revealed that 55% of manufacturers surveyed reported that they either presently have, or soon will have, a shortage of skills in research and development. Half of the respondents reported a shortage of marketing talent. Although a sobering insight, we know that this is just a symptomatic snapshot that is indicative of a wider chronic skills shortage in Manufacturing. With the average age in the industry being reported as 56 years of age, and an estimated 3.5 million manufacturing positions becoming vacant over the next 10 years, we understand the priority challenge of the industry.

We know that Manufacturing tends to be affected by its less-than-glamorous image, that can serve as a deterrent to people considering it as a career.  This has resulted in fewer STEM graduates being available to enable industry growth, to innovate through research and development, and to replenish the workforce as older talent retires. The newer generations in particular have the general perception that working in Manufacturing commands lower salaries, exposes them to danger, and provides fewer opportunities for progression of a career.

It is understood that Manufacturing’s highly specialized skill-sets and best practices in the manufacturing workflow are as valuable as tangible assets, and should be curated and safeguarded in the same way as traditional valuable assets, but that they are often in reality simply safeguarded by an operating procedures manual, and are taken for granted as just normal workflow. This has problematic implications for producing accurate learning, effective onboarding programs and attractive career-pathing.

Many players in the industry have production facilities in multiple locations and countries, and within them, are differing natures of trade union involvement too. We know for a fact that this presents challenges in measuring and improving engagement, and that in general, engagement has remained a lower priority in the industry. If the global survey by Towers Watson ® revealed that only 15% of employees across all industries describe themselves as ‘engaged’, then one can imagine the inference for Manufacturing specifically.

It is clear that the industry faces a myriad of politico-legal-environmental pressures that are in addition to the most obvious one of carbon emission control – such as the recently ratified requirement for portable consumer technology manufacturers (such as smartphones) to have user-removable and replaceable batteries for the European Union, and to recycle 80% of used batteries themselves, by 2027. Small change, but huge manufacturing implications and H.R knock-on effect.

We understand that the H.R functions of many manufacturers, are not given the full scope to unleash their full potential in serving the business; they often tend to be used more for ‘policing’ purposes, instead of being strategy enablers that drive positive organizational transformation. The oft-perceived distance between the workforce and H.R together with senior leadership, creates an ‘us versus them’ fragmented cultural mentality.

There is ample growth opportunity for manufacturers. It already accounts for almost 13% of the GDP in the United States, and revenues are projected to grow between 5 to 10% annually over the next 5 years. For manufacturers to harness these opportunities, they will need transform to increase their people-organization capacity and capability. This is accomplished by talent, so it follows that sourcing and retaining the right talent is the priority. It therefore begins with upskilling and retaining existing talent, and attracting qualified, high quality new talent. Therefore, developing a compelling Employee Value Proposition; Employer Brand, Engagement strategy and an admired Culture (that disseminates not only by word-of-mouth, but is also broadcast via a smart social media strategy), is a great starting point. Once these foundation blocks are in place, manufacturers then possess talent with the right behavioral and technical competencies, that they can deploy to address the ‘hard factors’ that provide advantage: lean manufacturing; higher levels of C.A.M. (Computer Aided Manufaturing); more Supply Chain Integration; more R&D for Innovation and identifying cheaper raw materials.

Talk to Talent & Transformation to learn how you can better harness your people-organization dynamic to improve your capacity and effectiveness to better address the challenges and opportunties facing Manufacturing.

Energy

Various eminent institutions (U.S Energy Information Administration; Energy Institute, KPMG -et al; World Economic Forum; REN21) have indicated whilst alternative energy is growing, carbon fuel energy use will nevertheless continue to dominate for some time still, and in fact continue to grow -despite the dwindling deposits -whilst the transition to alternative energy evolves and gains traction.

Industry participants face the challenges of meeting carbon and emissions targets; the pressure to become greener and shifting national energy strategies, and this requires new skillsets (both in Fossil and in Renewables technology -‘Green Collar Jobs’); specialist sector regulatory knowledge and analytical skills on geopolitical energy strategies – particularly the strategies of Asia. After all, a 20 second earthquake in Japan caused a 40-year change in energy policy there. Uncertainty of supply is also driving the need for specialized skills in risk. Witness the volatility in the so-called PESTEL environment: the on-off gas crisis that erupted as a consequence of Russia’s invasion of Ukraine; the changing ‘drill / no drill’ philosophies of the U.S's Republication and Democrat administrations that drive fluctuating market supply and pricing, and the geopolitical tensions and criminal elements that buffet the upstream and downstream operations. The Nord Stream pipeline sabotage; the frequent hijacking of oil tankers; the instability in Venezuela and the conflict in oil-rich Cabo Delgado are just some examples of challenges that require innovative solutions.

We understand that Renewables enterprizes face significant challenges too -especially that of adaptation; technological maturity and adoption: many existing electricity grids were not designed to cope with the variability and intermittency of renewable energy sources, and may face instances wherein either the grid becomes overloaded at times of peak renewable power generation, or conversely, may face a lack of available renewable energy to keep pace with demand. Renewables enterprizes may need to wait for governments to invest in grid infrastructure and balancing technologies. Further, they may need to wait for consumer trust and electric conveyances’ capabilities to develop more: the recent television images of stalled Tesla ® cars, unable to charge due to extraordinary cold weather does not inspire confidence, and ‘range anxiety’ is also real. In 2022, the first electric airliner flew. It accommodates nine passengers and has a range of 150 – 250 Miles / 241 - 402 kilometers.

Another dimension of the Renewables’ maturity challenge, is the fact that Lithium and Cobalt mining will need to ramp up to meet battery demand, and the fact that batteries -whether they be for automobiles or residences – remain expensive. There is also the question of whether PHEV cars are indeed the future, due to the carbon footprint of producing the batteries, and given the question of whether hydrogen cars -which charge in three to five minutes, and yield a longer range -will eventually see more adoption than PHEVs in the longer-term, despite their very sparse consumer adoption presently.

Against this backdrop, Talent & Transformation’s experience with energy industry clients – be they Fossil or Renewables -has revealed to us the following people-organization interface challenges and opportunities.

Many traditional energy industry players have been gearing up for a tentative and gradual transition to incorporate an element of renewable energy into their portfolios, yet have not been as proactive as they could be in preparing people strategies and talent pools with skills in biofuels; wind; solar and geothermal. Not surprising, as the availability of these skillsets in the market are few and far between, and intensely competed for. We, and no doubt, captains of the industry, understand the advantages that can be had through first-mover advantages by organizations that will have the established talent pools when renewable energy gains critical mass and comes more to the foreign the coming years.

The amount of graduates in the disciplines that are required for both carbon-based and sustainable / alternative energies will not keep with industry talent demands – both today, and tomorrow.  We know why: people are all too aware of –and discouraged by- the mental and physical demands of what are often difficult working environments of upstream and downstream energy production and distribution. Accordingly, work-life balance remains a challenge, as does the reality and perception of workforce safety. We are aware of the fact that according to Wharton at the University of Pennsylvania, less than 15% of high school graduates have the necessary science and mathematics background to pursue engineering qualifications.

Further complicating talent scarcity matters for H.R functions in the industry is what we know as ‘The Great Crew Change’: crew over 55 years of age now comprises 50% of the employee base in the industry, and are approaching retirement age. Transfer of learning to the younger employee cadre, and their skill development is a priority.

Despite the urgency of acquiring skills, we know from our experience, validated by a Glassdoor® survey, that the energy industry has one of the longest interview processes and hiring lead-times: an average 28.8 days – only surpassed by the aerospace and defense industry and government roles. It is obvious that the industry is in dire need of skilled workers…yet woman are generally still under-represented, and the industry cannot afford to isolate this 50% of the potential workforce.

We understand that the industry has been increasingly adopting technologies such as Cloud solutions, machine learning and the ‘Internet of Things (IoT) to boost speed and efficiency, save money, and make field work safer. However, many H.R functions struggle to understand how to effectively hire for these skills that are non-traditional to the industry. Not only does the struggle lie in hiring, but also in developing talent who have years of experience in hard-core traditional industry skills, and who are now expected to become increasingly tech savvy. In addition, many are expected to learn newer competencies such as 'Influencing' and 'DEI', which are alien competencies to a veteran who probably started off as a roustabout working on a rig.

With the need to exploit sources of energy wherever they may lie across the globe, our clients face chronic skills shortages in frontier and emerging markets – in addition to the implications of vastly different workplace cultures and labor legislation in these geographical areas. A related consideration is crafting effective workforce mobility and remote team management strategies.

With the lines between H.R and Change Management blurring, coupled with a flurry of mergers and acquisitions in the downstream part of the industry, our experience tells us that often, the original strategic objectives of M&As are not fully realized due to the challenges in merging the differing people -related strategies; policies, processes, cultures, and remuneration practices of the Acquirer and Target organizations. This often results in decreased productivity due to organizational structure disruption and uncertainty amongst the workforce that causes low morale and having to learn the Acquirer’s new way of ‘doing things’. Effective H.R strategies for Employee (emotional) Transition; Engagement; Learning and Organizational Re-structuring are key to mitigating disruption and realizing the pre-M&A forecasted benefits.

These are just a few of the many challenges that we are experienced in addressing.

At Talent & Transformation, we are equipped with the depth of knowledge and experience in the Energy industry, to articulate effective People strategies to harness talent that can drive organizational capability and capacity to address the challenges and opportunities.

Media

We understand the challenges and opportunities in the Media and landscape.

The industry players are under pressure to prove the trust and reliability of their brands, given the recent phenomenon of so-called ‘fake news’ and the political minefield that comes with audiences in this day and age.

A related threat that is emerging, is that of regulation: the much-discussed withdrawal of Section 230 of Title 5 of the Telecommunications Act of the U.S.A, as well as the European Union’s General Data Protection Regulation that is the toughest security and privacy protection regulation in the world currently, combined with a recent regulation that media and tech giants in certain countries will need to pay sources that generate news stories, are prime illustrations.

With all of the media brands that are shouting for attention in an ocean of information, the industry players are also under pressure to generate the freshest, unique and most attractive content, to remain relevant and enjoy a share of voice. This brings cost pressures into play: producing such content is costly – from scripting, to producing a video, to crafting a segment. 'One-man-show' news channels are increasingly popping up on Youtube®, and their cost base are a fraction of traditional media outlets.

Audience data security is a significant issue: whether it be the physical robustness of the technology to protect data, or, the political and consumer push-back against harvesting and aggregating user data, or even the recent discussions by national law-makers on the controversial issue of exporting and storing user-data in offshore locations with less rigorous data-related legislation.

It is also well understood that it is no longer sufficient for media and technology to produce an off-the-shelf generic offering - user personalization is the new challenge. Accordingly, the industry is being increasingly driven to perpetually improve its abilities in the use of algorithms and Big Data. Technology players – specifically B2B, are also being looked at to evolve their products from being purely technological tools, to becoming corporate strategy enablers – from offering integrated smart platforms, to robotics and advanced A.I, to tools that drives strategies. It’s now all less about the software, and more about the broader perspective of how it integrates into, and powers outcomes or even private consumers lives.

These are just a few of the challenges that comprise our deep understanding of the industry –and meeting them is going to require smart strategies to attract; reward; develop; engage and retain scarce talent. Further, to retain and grow audience or market share is going to require equally smart lean; agile and automation-enabled organizations, with optimized organizational designs; processes; policies; innovation-supportive structures, and an appropriate workplace culture.

At Talent & Transformation, our experience and expertise can help you to surmount these challenges in the people space.