Workforce Crisis
Workforce is an important element in the productivity of any organization. Workforce may entail man power, technology and robotics among others. For example, man power is important in bringing new ideas based on their talents and skills. Despite the importance of workforce, it is projected that many countries may experience workforce crisis in the future. Some of the reasons that may lead to such crisis include retirement age, increased demand for labor, talent shortages and technology. According to Strack (2014), there will be labor shortages for big economies like Russia, Brazil and China by 2030. These shortages will be caused by skill mismatch and increased demand for workforce as a result of increase in population. Similarly, technology is expected to take over jobs in industries and offices. According to Lee (2015), electrical engineers, registered nurses, data scientists, software engineers and marketing managers among others are some of the toughest jobs in 2016. This is caused by an above average demand growth, retirements caused by an aging labor force and shortages in talent.
There are various measures that can be taken by the human resource managers to address workforce crisis. Employee training, attraction, retention and communication are some of the measures that can be taken to address labor shortages in the future. Firstly, employee training aims at equipping employees with the necessary knowledge and skills required to meet organizational goals and invent new ideas aimed at improving productivity (Bayside Solutions, 2012). Secondly, employee retention involves the use of measures such as providing savings plan after retirement, perks and benefits. This measure will ensure that human capital and talent remains within the organization. Thirdly, new talents can be attracted through cooperate cultures like gender equality, recognition and competitive packages. In addition, communication ensures the management and employees can exchange ideas in a free and transparent manner (Changeboard, 2016). Additionally, increasing the retirement age could be a way to retain and attract talent. Considering the looming workforce issue, it is important to implement these strategies in order to meet the labor demands and increase productivity.
References
Bayside Solutions. (2012). Human Resources Role in Organizational Change. Retrieved from https://www.baysidesolutions.com/2012/10/08/human-resources-and-change/.
Changeboard. (2016). The role of HR in change. Retrieved from http://www.changeboard.com/content/3587/the-role-of-hr-in-change-/.
Lee, T. (2015). The 10 Toughest Jobs to Fill in 2016. Retrieved from https://www.shrm.org/resourcesandtools/hr-topics/talent-acquisition/pages/10-toughest-jobs-to-fill-2016.aspx.
Strack, R. (2014). The workforce crisis of 2030-and how to start solving it now. Retrieved from https://www.ted.com/talks/rainer_strack_the_surprising_workforce_crisis_of_2030_and_how_to_start_solving_it_now/transcript?language=en.