"Challenges for human resource management and global business strategy"
As the definition of work continues to evolve in America, "demographic, technological, and societal shifts" are evident, reads a 2017 article in The Economist (Challenges, 2017). The article maintains that as the "composition of the workforce changes, motivations, expectations, and skills needed also change". It reports on Gallup’s latest "142-country study on the global workforce", finding only "13 percent of workers worldwide" being “engaged,” meaning "psychologically committed" to their jobs. The bulk of the working population—63 percent—are “not engaged,” indicating that they lack motivation" the article reported (Challenges, 2017).
The Economist continued implying, companies must retain employees that will help them to compete in today’s complex global economy. America needs to equip the future workforce with the necessary skills to "bridge the labor-market gap". "The range of skills that employees need have not necessarily been provided by traditional educational systems. In the 2013 EIU/SHRM Foundation survey, executives reported that the current disconnect between the skills fostered by education and those they actually need will represent a very considerable obstacle in the coming years" (Challenges, 2017). By organizations "collaborating with policymakers" to redesign curricula that meets the "technical and vocational skills" needed for employment, "they can change the skills of the workforce in the future" (Challenges, 2017).
The Economist continued implying, companies must retain employees that will help them to compete in today’s complex global economy. America needs to equip the future workforce with the necessary skills to "bridge the labor-market gap". "The range of skills that employees need have not necessarily been provided by traditional educational systems. In the 2013 EIU/SHRM Foundation survey, executives reported that the current disconnect between the skills fostered by education and those they actually need will represent a very considerable obstacle in the coming years" (Challenges, 2017). By organizations "collaborating with policymakers" to redesign curricula that meets the "technical and vocational skills" needed for employment, "they can change the skills of the workforce in the future" (Challenges, 2017).
- The article explains why individuals are not ready for the workforce after finishing their education. The article is current, credible, reliable, and has plenty of useful information, some not listed, and stats that could be used if needed. The goal of this source is to state the problems in business today, explain how they happened, and list a possible solution to help these problems.
- This source provides data that explains the lack of skills in the workforce. I believe this source is helpful in my research by providing an "ultimate" solution to our country's issue. By the workforce collaborating with educational experts and ensuring students have the proper skills for the market's open positions upon graduation, the country's GDP would rise, more individuals could be ready to start work and more could start saving for retirement and paying taxes. This article helped change how I thought training the workforce should be handled.