Managing the strategic challenge of changing worforce : Demographic trends and workforce implication
IMD - ORCHESTRATING WINNING PERFORMANCE
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Stanislas van Wassenhove, Partner CMS DeBackerand Stéphane Collin, Senior Associate CMS DeBacker, speakers during the module:
MANAGING THE STRATEGIC CHALLENGES OF A CHANGING WORKFORCE
We will examine both the perennial and emerging challenges presented by the changing workforce.
At entry level, many firms, especially those in engineering fields, face shortages of engineering and science graduates. And these firms also must deal with high turnover of technical staff in the first year or two of employment as the realities of the workplace contradict the now pervasive Western cultural norm that “one should not do anything that is too difficult.” We will discuss what some leading firms are doing to deal with these challenges.
At mid-level, many managers and professionals face the new reality that the “way up” for them is now becoming a very difficult journey. Even in these days of networks rather than hierarchy, the implications of differences in technical, commercial and political capabilities means a leveling off for the majority. We will examine what some firms are doing to deal with potentially corrosive effects of this phenomenon.
For managers and professionals above the age of 50, some companies are finding ways of maintaining their engagement and contribution to the wealth-creation system by reconceptualizing the assets and capabilities of these people who are highly experienced, but no longer “promotable.”