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Managing demographic risk
In most developed economies, the workforce is steadily aging, a reflection of declining birth rates and the graying of the baby boom generation. The percentage of the U.S. workforce between the ages of 55 and 64, for example, is growing faster than any other age group. The situation is particularly acute in certain industries. As employees get older and retire, businesses can face significant losses of critical knowledge and skills, as well as decreased productivity. The demographic trend has been exacerbated by the relentless focus on cost reduction that's become the business norm. In their zeal to become lean, organizations continue to have round after round of layoffs - without realizing that in just a few years they may confront severe labor shortages or, if they've shed mostly younger workers, be left with a relatively old workforce. In some cases, a company's ability to conduct business may even be hindered: when people begin retiring in droves, there may be no one left who knows how to operate crucial equipment or manage important customer relationships. Here, a systematic approach to analyzing future workforce supply and demand under different growth scenarios and on a job-by-job basis is presented. It enables companies to determine how many employees they are likely to need, which qualifications they should have, and when they will need them. With that information, they can set up a tailored retention, recruitment, and talent management strategy for the job functions at greatest risk of a labor shortage. Such an initiative must be launched long before things reach a crisis stage..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : Harvard Business School Publishing |
|---|---|
| Edisi | - |
| Subjek | Risk Statistical data Older workers Demographics Workforce planning Predictions Trends Guidelines |
| ISBN/ISSN | 178012 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |