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Shades of gray: Business impacts of an aging workforce

Up in the sky. It's a bird. It's a plane. It's super hype - able to leap tall buildings of apathy and denial in a single bound. Indeed, lately the media has been saturated with stories about the coming skills shortages that are sure to result from the mass exodus of Baby Boomers from the workforce.

Many of these press accounts would lead one to believe that ......

Full article >>> y many as an endless source of cheap (and young) labor, is starting to feel the effects of an aging population. According to one account, the country is experiencing an aging workforce problem that is predicted to become acute in the near term. In Shanghai for example, 20 percent of the city's people at least 60, the common retirement age for men in China, and retirees are the fastest-growing segm......

Full article >>> I led this study). Furthermore, many respondents said they were anticipating a significant negative impact on their businesses - almost 65 percent indicated that the aging workforce would have a great or dramatic impact on their businesses or is already a problem.

What are employers doing to identify and mitigate these impacts on their businesses? According to these two studies, not a lot......

Full article >>> ng retirement of significant numbers of talent with critical skills, portended a potentially huge negative impact on its future growth and financial performance.

Employing a mix of workforce planning capabilities to gather and analyze data, Valero's HR group conducted a predictive needs analysis that mapped yearly labor needs by location, department, position, and skill set, projected out......

Full article >>> y skills groups most at risk. This is why the second strategy of retention will need to be carried out in parallel. Employers will have to work hard to understand what kinds of "employment deals" that older workers need and want to stay working full time or on a part-time or contingent basis. Many companies will likely be forced to make substantial changes to their workplace and HR policies to acc......

Full article >>> lent management practices, and information technology-enabled tools and capabilities are transforming the workplace. He helps individual leaders and teams to create Next Generation Workplaces.

The opinions expressed herein or statements made in the above column are solely those of the author and do not necessarily reflect the views of The Wisconsin Technology Network, LLC.

WTN ......

Full article >>>
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Source:wistechnology.com By Tony DiRomualdo 03/28/07


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