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.