Happy Thanksgiving!

Wishing you, your family and friends a warm and Happy Thanksgiving!

Pending Workforce Crisis 2030

We hear all about the recent declines in unemployment here in the US.  According to the Bureau of Labor Statistics the current US unemployment rate is 5% as of October.

Many economists argue that 5% represents "Full Employment". We're fully aware of how competitive the labor market is today and that's true in distribution, retail, IT and more.  Having a 'people strategy' is critically important and Rainer Strack has done a fantastic job of illustrating the pending global Labor Crisis as we head toward 2030 in his TED Talk.  That may seem like a long way away, but the trend has started and it's frightening in many ways. Having a people strategy today is essential for the long-term health of any business or organization.  Finding ways to become more efficient as well has having carefully orchestrated HR programs aimed at attracting, hiring, training and retaining a good skilled workforce will become an even bigger challenge over time as the workforce demographics shift.  Does your organization have a healthy People Strategy?  If not, the time to start working on it is now.

Tell us what some of your key People Strategies include, we'd love to hear your ideas.