Previously in the assignment titled "Social and Economic Dynamics Influencing HR Strategy", you focused on factors influencing HR strategies primarily outside the U.S. Now, we add the U.S. to your perspective. Look for the drivers influencing this labor market.
Select one social and one economic factor that could contribute to a skills shortage in the next 10 years in the U.S. Then, given what you have found in your analysis, what options are available to an HR director for a successful company that wants to continue to grow?
For example, during World War Two many immigrants escaping Nazi oppression contributed greatly to science breakthroughs in the U.S. Why? Because the high inflation rate in Germany at the time, along with the anti-Semitic policies of the National Socialist Party fueled this intellectual flight. A smart HR strategist in the U.S. at that time might have recognized Germany as a potential source of talent and lobbied for more flexible immigration policies in order to recruit talent from Germany. They might also have set up a targeted recruiting effort in a well-known university in Hamburg or Berlin.
Briefly describe the factors influencing the U.S. labor market and discuss the options for effectively managing a long-term HR strategy in this market. Validate your economic or social data from the selected links.
China and India Cannot Fill the World's Skills Gap
Offshoring the Offshorers
No length requirement. Answer the questions to how you see fit.
Social Factor: Women in Leadership
One of the leading social factors that are becoming more prevalent in the United States is the rise of women to leadership positions in the workforce. In studies conducted across multiple industries in 2009, surveys showed that there was a resounding belief in the ability of women to successfully lead organizations toward greater success (Novogratz, 2009). Key factors such as intellect were noted, however, it was the woman's level headed and fair approach that seemed to be more pronounced over their male counterparts. For America, it is a social paradigm shift that is occurring as men have dominated leadership positions for several decades (Novogratz, 2009).
As an HR Director, it will be important to align the corporate vision and strategy in a manner that ensures women are given the same opportunity as men to succeed. This strategy should include a keen focus on identifying high potential female candidates inside the organization. Hiring of talented women in industry into an organization is also a good strategy as it demonstrates the company's position on equality in leadership and understanding of the social changes that are occurring. ...
Key factors such as intellect were noted, however, it was the woman's level headed and fair approach that seemed to be more pronounced over their male counterparts. For America, it is a social paradigm shift that is occurring as men have dominated leadership positions for several decades (Novogratz, 2009).