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0:00
Hi, my name is John O'Duinn.
I'm a senior strategist at
Civic Actions and I live in
San Francisco, California.
For the last 28 years I've been
working in physically
distributed teams.
For the last 14
years of that I've
been actually running and
leading those distributed teams.
For seven years now I've been
coaching and mentoring
founders and
C-level executives
of various locations
and sizes of organizations.
In 2018, I published
my business management
book Distributed Teams,
the art and practice of working
together while physically apart.
Since 2016, I've been
helping jurisdictions
with transition to
a different type of
economic development,
which I call distributed
economic development.
0:48
Before COVID 19,
it's worth noting that
the rules were already
changing in society.
Let's just talk about
a few things here.
0:57
There used to be people
having a job for life,
that does not exist anymore.
Generally, people expect to
only work in a company for
a couple of years now.
Baby Boomers in the
United States work
4.2 years at a company.
That's an average across
all industries across
the entire country.
In Silicon Valley, the
turnover is even faster,
people are staying
1.2-2.0 years.
That means that when they are
joining a company
on their first day,
they're already
thinking about where
this job will help line
them up for the next job.
This is a very high turnover,
very short retention scenario.
This has been going on
in society for decades.
This turns into a business
changes where you
have more project employees,
you hire people for
a particular thing
and then people let go.
Turns into Aqua
hiring companies,
it means that companies
are always hiring.
It means that humans
are always thinking
about the next job
after the current job.
