Dramatic workforce trends require planning now
Dramatic workforce trends require planning now
Heffes E.M.Financial Executive (USA), Jul/Aug 2005 Start Page: 18 (4 pages)
Purpose – to look at demographic and workforce trends in the USA. Design/methodology/approach – cites survey evidence that 45 percent of US organizations do not capture knowledge and experience from employees nearing retirement or transfer it to newer workers, despite the fact that the “baby boomer” generation is starting to retire. Notes the smaller numbers and different work attitudes of the new generation entering the workforce and urges companies to consider how they will find and retain the right staff. Briefly discusses managing the “retirement pipeline”, knowledge management,recruitment/development and succession planning; and reminds readers that progress against management plans should be measured. Sidebars Johnson and Johnson Co Inc.’s strategies for human resource planning to support growth. Originality/value – alerts readers to the urgent need for workforce planning.Style: Viewpoint
Keywords: Demographics, Human resource strategies, Knowledge management, United States of America, Workforce planning
