Presented by – Ashley Bennington, People Planning Fraser Health
The following points were live blogged from my Blackberry (given this, they may not be as complete as possible as my fingers could only type so fast!) at the WorkLife BC Forum which was held in Vancouver yesterday.
- Historically we had a labour surplus. People put up with anything and everything in their jobs. Employees had a lower value to companies. Recruitment was easy.
- What is coming?
- We are going to have key shortages of employees in many areas now and it is only going to get worse.
- There is a serious storm coming. The new economy is driving this as we transform to a knowledge economy. This is driving turnover higher. We have to redesign our businesses to keep up with this.
- The Silver Tsunami – People are leaving for retirement and there is no one to replace them. We are missing the people we need to survive this.
- We have lots of people on leaves and this costs business. Younger people have more disability leaves. There are major mental health issues.
- Turnover is a killer but it is hidden. It is hard to get this info out in the open.
- Hot economy equals higher turnover. Globalization equals higher turnover.
- Everyone is replaceable….no not anymore.
- Turnover rates for generation y is the highest. All the lessons the boomers taught their children is coming out in generation y. Gen y will work where they want and will only go to a place that meets their needs.
- You cannot grow a company if you have no employees.
- There will be more work than people. The power has shifted from employers to the employees.
- The way we do business today is not how we will do business five years from now.
- By 2011 we will have over 2000 vacancies in nurses in BC. This will be the case in multiple sectors.
- Get on Facebook. Use technology to get employees. Generation Y doesn’t read the paper.
- Retirement is going to change. New definition is that people are transitioning to a new work arrangement. Retirees will have many new demands. People will not be convinced to leave. Give them flexible arrangements.
- Employee videos to recruit others.
- Read the Experience Economy.
- What is your brand as an employer? CSR is a big part of this.
- You have a lot of choice…
- Leaders have choices. Spend more money on the things that will save you money.
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