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UTS in Practice: AICC YBF Entrepreneur breakfast with Dr Martin Fahy, Partner, KPMG and Adjunct Professor at UTS, 12 March 2015

YOUNG BUSINESS FORUM RECEPTION

Dr Martin Fahy, Partner, KPMG and Adjunct Professor at UTS addressed a Young Business Forum reception with 40 business professionals on “The Open Work Force: Working and Employing in an Outsourced World”. This event was proudly hosted by UTS Business School

Three key trends in the business world are creating a need for a flexible work force. Globalisation, technological advancement and market flux create an immediate need to draw human capital from a diverse range of sources. The “open work force” is a reality in many organisations – one in which talent and resources are spread across a complex mix of employees, freelancers, contractors and external business partners. New research into this trend found that over one third of organisations plan to increase their use of business process outsourcing providers (38%), consultants and external advisers (34%), talent sourced via online exchanges (33%), and freelancers and contractors (37%) over the next five years.

Four key areas are emerging as important issues that require management if the “open work force” is going to be effectively used by organisations. These areas are performance management, decision making, risk management and organisational structure. The issues and challenges associated with each of these key areas and the “open work force” will be presented and discussed.

Martin has worked in a consulting and advisory capacity globally. He is widely recognised as a thought leader in the field of Shared Services, Business Process Outsourcing, and Finance Transformation. He has presented at over 500 industry and academic conferences, has published five books and is a contributor to The Economist, BBC World, Sky Business, CNBC, Bloomberg, and the AFR.

To compliment this topical event, we were privileged to be hosted in Australia's first building designed by Frank Gehry, one of the world's most famous architects. A technical feat in construction and an opportunity for a unique experience.

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