New Study: Six Point Plan To Beat Looming Skills Shortage.


HR Managers Must Act Strategically to Address the Risks of an Aging Workforce, Says New Report From The Boston Consulting Group.

BOSTON, MA–(Marketwire – Aug 16, 2011) – Many employers are nearing a point at which it will be extremely difficult to meet the demand for skilled employees.

By 2050, the global population aged 60 years and older is projected to exceed the number of people under 15 for the first time in history. In Germany, the number of people over 50 is expected to rise 68 percent by 2020. China faces big demographic risks, too — and even nations such as Brazil, with large cohorts of young people, are not immune from workforce risks.

To stay competitive, companies will have to start preparing now for the demographic risks in all of the individual markets in which they operate. They must master the structured discipline of strategic workforce planning — and then put it into action.

Those are the key findings of a recent study by The Boston Consulting Group (BCG) titled Turning the Challenge of an Older Workforce into a Managed Opportunity. The study analyzed approximately 600 personnel measures at more than 330 companies worldwide; more than 70 senior managers were surveyed. In addition to demographic risk profiles for 16 major economies, the study describes best-practice examples of how managers can most effectively address the risks.  Read more by The Boston Consulting Group here.

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Posted on August 16, 2011, in HR Management & Leadership., Staffing & Talent Acquisition, Talent Management and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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