Talent Creation & Management
Even in this time of high unemployment, businesses in the United States and many other nations are experiencing difficulties in finding qualified talent for key positions.Over the the next decade as economic conditions improve, talent deficits will worsen driven by four baseline issues:
- Technology will continue to raise the educational requirements and special technical skills needed for many jobs across all business sectors.
- Baby-boomer retirements will trigger massive workforce shifts. Japan and many European nations face population declines and shrinking workforces.
- Generational shifts have two major implications. First, just as the world's tech-based economy gains momentum, succeeding generations are less literate and less technically skilled than the retiring boomers. Second, younger workers demand more flexible job arrangements, such as flex hours, work at home, job sharing, and sabbaticals. This raises significant productivity issues for many businesses that need to recruit from a smaller pool of qualified skilled younger workers.
- Globalization of the world's economy means that this talent showdown is now universal. Over the next decade the United States, Canada, the nations of the European Union, Japan, Korea, and Singapore will be faced with significant talent shortfalls. Even the huge populations of India, China, or emerging Brazil do not produce sufficient quantities of skilled talent with the required educational attainments to meet their expanding economic needs. Fewer and fewer skilled workers will leave their native countries to work abroad due to excellent economic opportunities in their own nation.
What do these human capital shortfalls mean for the average business? It will become increasingly difficult to recruit and retain skilled people to fill essential jobs.
Imperial has been in the strategic workforce planning and development business for over 40 years. Today it specializes in assisting management teams with proven strategies to close the talent gap. We help you create, retain, and manage the skilled people needed today and over the next decade.
Broadening and strengthening city, county, or regional workforce talent systems are also major areas of Imperial's work. We assist economic development commissions, workforce boards, foundations, chambers of commerce, non-governmental organizations (NGOs) or community-based organizations (CBOs), and other community groups in forming or strengthening regional talent innovation networks to equip the current workforce and the next generation of workers with the skills needed for high-tech employment that sustains current businesses and attracts new businesses to your region.
Press Contact Us to inquire about any aspect of Imperial's strategic workforce planning services.
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