Description: Long-range forecasts suggest a decline in the unemployment rate due to a number of aging workers leaving the workforce. While this is good overall for the economy, let’s consider it from the standpoint of individual companies.
Source: J. Lahart, “Aging Population Eases Jobless Rate,” Wall Street Journal
Date: November 4, 2011
Questions for discussion:
- The opening chapter describes talent as a key factor of working today. Discuss the importance of talent from the standpoint of competitive advantage. Do believe talent is becoming more or less important for American companies? Why?
- What SWOT elements could be affected by changes in the pool of available workers?
- What aspects of the human resource management process are affected by the trend reported in the article?
- Do retiring older workers and fewer available workers put more pressure on external or internal recruitment? If you respond internal, discuss the impact on training and development.