HR Roundtable Series
"The Changing Workforce"
2006 - 07
Building on the high interest level of the participants at our inaugural roundtable, this series will engage practitioners and thought leaders from a variety of industries including telecommunications, pharmaceuticals, consumer products, utilities, chemicals, consulting, vocational education and training, higher education, government and entrepreneurships from both the for-profit and non-profit sectors.
The first topic in the "Changing Workforce" series, the presentation of which was held on October 11th, was “The Maturing Workforce.” The fastest growing segment of the workforce is those aged 55-64; workers aged 50 and older will comprise the largest proportion of the workforce during the next 25 years, with fewer younger workers than ever before. Experts are forecasting huge labor shortages. According to an Accenture study, “It appears that the needs of the workforce and the available pool of talent are not on the same course . . . organizations should be moving in the direction of recruiting . . . and retaining older workers. However, this does not appear to be the situation.”
On December 7th, the second topic in the "Changing Workforce" series, “Tacit Knowledge and the Maturing Workforce", was presented. Many industries are deeply concerned about and challenged by the exiting of tacit knowledge, especially technical knowledge, as droves of mature workers leave their companies. This session explored best practices, case studies, and provided an action focus, as all participants actively and collaboratively proposed solutions to the identified challenges–and took home REAL solutions.
The third topic in the series, presented on February 8th, was “The Intergenerational Workforce—What are the Implications and How do we Leverage Them?”. Most organizations today are faced with the reality of a rapidly changing workforce, one characterized by multiple generations working side by side. This rapidly changing landscape presents not only challenges but opportunities for embracing and honoring the differences, as well as finding and leveraging the common ground. This session explored the issues, the opportunities, the realities and “myths,” and the implications of the Intergenerational Workforce. We used discussion and case studies to provide an action focus for all participants to collaborate and generate ideas and solutions.
The fourth topic in the series on the “Changing Workforce” HR roundtable series, “Globalizing One of the Most Sustainable Companies in the World", was presented on April 12th. Bank of America is already recognized as one of the world’s most sustainable companies. This is based primarily on how they conduct their business in North America. Now, they are engaged in an exciting opportunity — going global. As for many of you, the world is getting smaller and smaller. Our markets and available workforce are frequently somewhere other than North America. At this session we will use the Bank of America experience as the basis for our discussion and exploration of how to go global sustainably. This session will explore the opportunities and challenges as well as best and promising practices. We used the readings and the Bank of America case study as a way to engage all of the participants and collaborate in the generation of new ideas and solutions.