Course: 5 Trends Shaping the Future of Human Resources
No CEU credits currently available for this course. In process of renewing certification with HRCI.
Dr. Bob Nelson shares his research on emerging workforce trends, and addresses what HR professionals need to do to help create a sense of urgency with the executive team to proactively address these changes before they become problems for the organization. The following trends are covered.
The Growing Shortage of Skilled Workers. With unemployment still hovering over 8%, it is hard to grasp the concept of an impending skilled labor shortage. However, this is exactly what is unfolding and will continue to unfold in the decades ahead.
The Rise of the Millennials. The Rise of the Millennials is a significant part of the shift in the trends in human resources. Those born between 1980 and 2000 will soon make up the largest segment of the U.S. workforce in both number and attitude, reshaping the workplace for all workers. This generation of 90 million prospective workers thinks and is motivated differently from previous generations.
The Increase of Contingent Workers. The recovery from the “great recession” has led to a significant Increase in Contingent Workers. In fact, the temporary employment segment has generated more jobs than any other segment since the recession has technically ended. Businesses have been hesitant to hire back full time employees due to the uncertainty and volatility in the economy. Many believe this change to be permanent in nature versus just part of the economic cycle.
The Evolving Role of Virtual Employees. The Evolving Role of Virtual Employees is also noteworthy. Some 42% of all organizations currently provide some type of flex time or option for telecommuting, job sharing, or alternate work schedules, yet we haven’t yet mastered how to make technology replace the social bonds in the workplace. Often the more connected we are at work through technology, the more alienated we tend to be in our jobs and less connected we often feel with others.
The Globalization of the Labor Market. Finally, the Globalization of the Labor Market markets continues to take place. The geographical bonds between producer and consumer are gone and work and jobs are increasingly transferable around the globe. Companies will increasingly need to decide what their core competitive advantage is and for those things others firms can do better to “move the work or move the worker.”
** Currently renewing certification HRCI for this course.