Friday, February 06, 2015

Tweet

[IWS] TCB: GLOBAL ECONOMIC OUTLOOK 2015 How Will the Global Economy Cope with Slowing Workforce Growth: Implications for the CHRO [2 February 2015]

IWS Documented News Service

_______________________________

Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

The Conference Board (TCB)

 

GLOBAL ECONOMIC OUTLOOK 2015 How Will the Global Economy Cope with Slowing Workforce Growth: Implications for the CHRO [2 February 2015]

https://www.conference-board.org/publications/publicationdetail.cfm?publicationid=2898

or

https://www.conference-board.org/download.cfm?masterProductID=9270

[full-text, 8 pages]

 

Slower economic growth contributes to a smaller labor supply. To offset this, labor productivity will be the most important tool. This productivity will mainly come from investments in innovation and new technology. But to see results, organizations will need to make the most of their human capital:

 

·         Using SWP on a global scale, identify where labor shortages may occur over the next ten years

·         Retain skilled employees, encourage and facilitate the transfer of knowledge through training, phased retirement for veteran employees, among other strategies

·         Move the work to where the workers are: select production and sales locations according to the geographic areas with larger workforce availability

 

In addition, most mature and even several emerging economies will be facing serious shortages in workers, and not just in the most skilled occupations. Tighter labor markets around the world will result, which in turn will put upward pressure on labor costs. To stay competitive, companies need to strategize to mitigate those costs.

 

________________________________________________________________________

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 

 

 

 

 

 

 

 

 




Links to this post:

Create a Link



<< Home

This page is powered by Blogger. Isn't yours?