This is a timely book about a huge, unchangeable natural event: the demographic shift. Nothing can turn back the clock or change the direction of a demographic wave. Author Robert K. Critchley is well armed with age data to make a powerful case that there will be a worldwide labor shortage, but corporate CEO and human resources (HR) people are doing little to prepare for this massive change in labor management. To prepare for the inevitable labor force shift, companies should recruit and encourage older (50 plus) employees to remain on the job. Downsizing and outsourcing are shortsighted knee-jerk reactions to this looming problem and will not strengthen corporations for the inevitable. Companies that really believe that people are their best asset must develop effective human resources programs that actually do employees some good. That’s why getAbstract.com thinks this is crucial reading for HR executives and CEOs. It’s a reminder that time stops for no corporation, and that the people who work for you, even if they are getting a little gray, are going to be tough to replace - so you may want to keep them around.
In this summary, you will learn
- How changing demographics will create a worldwide labor shortage by 2010;
- Why maintaining workers aged 50 and older is critical to corporations; and
- What corporations must do to retain and motivate both younger and older workers.
About the Author
Consultant Robert K. Critchley served as president of DBM, Inc., an international outplacement and management company, and previously worked in banking in Australia and the U.K. His consulting company specializes in strategic planning and corporate restructuring. He holds various director positions for companies on the Australian Stock Exchange.