"Why H.R. Managers Need To Think Like Economists"
r The "Conference Board Survey of CEO's" just found that "Human Capital is the #1 challenge on the minds of CEO's" (Bersin, 2013). Josh Bersin wrote in Forbes magazine that "More than 2/3 of HR managers state talent and leadership gaps have become the top business challenge this year" (2013). The "ability to innovate is driven primarily by the technical skills and capabilities of its workforce" reports Bersin (2013).
Money is a "hygiene" factor in employment, so "once you meet the competitive market for salaries, you must provide other incentives to attract top people" contends Bersin (2013). These incentives include "career opportunities, culture, benefits, work environment, and a mission people believe in" (2013). To meet these satisfactions Bersin recommends finding more supply, "harvesting" new technical talent, and by "candidate relationship management" (2013).
- "45% of business leaders believe that newly graduated college students do not have the entry level skills they need to start work without training".
- The "US birth rate has dropped to 1.93, well below the rate of 2.1 needed to maintain our replacement rate".
Money is a "hygiene" factor in employment, so "once you meet the competitive market for salaries, you must provide other incentives to attract top people" contends Bersin (2013). These incentives include "career opportunities, culture, benefits, work environment, and a mission people believe in" (2013). To meet these satisfactions Bersin recommends finding more supply, "harvesting" new technical talent, and by "candidate relationship management" (2013).
- This is another source stating the need for training in America's workforce today. The article reveals data about the declining population rate entering the workforce and the number of employers noting a relevant skill gap issue. This article goes beyond most by speaking of the hygiene factors in employment and what needs done to keep trained employees dedicated to their current positions. The goal of this article is to remind leaders that employee satisfaction is the key to economic success.
- The first portion of this article reiterates the other articles providing the relevance of training being a social issue in HRM. After reviewing the all of the articles, this information is not as pertinent to my research as some other articles I read.
- The second half of the article helps describe what workers are currently seeking in their places of employment. It describes current worker satisfaction and how organizations can meet those satisfactions. This source also provides some data that can be used. I can use this article in my plan for how to train future workers.
Bersin, Josh. (Apr. 5, 2013). “Why H.R. Managers Need to Think like Economists”. Forbes. Retrieved from: http://www.forbes.com/sites/joshbersin/2013/04/05/can-hr-managers-think-like-economists/#2064b4597aee.