The Reasons Why Talented Workforce is Scarce for Corporate World – Part 1

Population reached the 7-Billion marker recently but the businesses are facing another sort of problem these days. That is, a sudden change in labour to retiree ratio. This ratio is taking a dramatic change as there are only two labourers in the US, Japan
and China for every three retirees, creating problems for the industrial sector to address huge consumer demand.

However, the approach of the corporate sector does not seem to take the talented employees seriously, which is going to become scarce by the year. Due to low death rates, the population of the world is increasing but there has been seen a dearth of skilful
labour.

The turnover ratio at the corporate sector including established companies like Yahoo, General Electric or Intel is fearful. Established companies do not take their skilful assets, labour, executives or researchers seriously and the result is a short tenure
of this brainy pool.

Many of the companies exhibit such an irrational or irresponsible behaviour toward their talented that it forces them to find new places in a short span of time. Most of the companies take their employees for granted and bore them to death for not giving
them the work of their choice. Some have lack of communications and that also works as catalyst in changing the view about their employers.

The worst part is that in these desperate times of industry, when every next year is more mercurial than the previous one, companies take no serious account of their human assets. The 2008 crisis took a huge toll of human resource and the US economy is still
victim to it, the recent European Sovereign Debt catastrophe that has brought the continental economy to its knees and aftermaths of global recession has not bend a single hair on the corporate head.

In order to retain a successful business, the corporate sector or even small scale industry has to value their human resource. This demands a major shift in the thinking of these company heads and senior executives because it is the humans who make or break
the companies not the products.

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Posted by Usman Khalid on Dec 16 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry