Demographic nightmare and how it’s going to make life so tough for HR
We are facing a demographic disaster. Note that from 2020 to 2030+, labor supply will drop roughly 22M. That’s nearly a 15% drop in what we have at present—and we’re already at 2.9% unemployment.
Oh, yeah, and economists say it would be good to add 20M jobs during that time. So, how will that ever happen?
The most common changes employers are making currently are not likely to be sufficient to get and
keep the numbers of workers needed for the business to keep its doors open. As such, starting now,
substantial changes need to be made if businesses are to stay open. Unfortunately—and this is our reality—it is very likely that many businesses will fail in this effort and will close. As such, it’s critical we
identify what is more likely to work. In this presentation, we will look at some of these steps employers can take to get and keep needed staff.
Speaker: Lee Elliott
Lee Elliott is the Executive Director of the Wonderful Life Project, LLC, a consulting firm specializing in building work environments to enhance recruitment and retention of employees. His research interests have focused on an emerging evolution to the field of management: wisdom-based management (also known as “positive organizational scholarship”). Lee is one of the pioneers in this field and has demonstrated its effectiveness in a variety of work settings.
Prior to this position, he was Vice President of Human Resources and Fund Development for Saint Francis Medical Center (SFMC) in Grand Island, Nebraska. It was during this time that he began the foundational work for the Wonderful Life Project.
The Human Resources team from SFMC received many awards for the work they did to dramatically increase labor supply, reduce turnover, and enhance management. The awards included the Optimus award, an international award, in the category of teamwork from Workforce Management; runner-up for the Recruiting and Staffing Best in Class award (RASBIC) award from the International Quality and Productivity Center; the Spirit award for collaboration from Healthcare Management; and the Psychologically Healthy Workplace award from the Nebraska Psychological Association. In addition, Lee was named as the Human Resources Professional of the Year from the Nebraska Society of Human Resources, and the Grand Island Man of the Year from the Grand Island Independent.
Lee has taught Business and Psychology courses at a variety of colleges and universities. He completed a B.A. degree from University of Nebraska at Kearney, a M.S. degree from Fort Hays State Kansas University, and completed the coursework toward his Ph.D. in industrial/organizational psychology from Virginia Polytechnic Institute and State University.