20 May, 2014

Amid the current discussion about weakness in the US labor market, we have lost sight of how quickly it has been tightening. Within two years, we will experience the beginning of a 15-year period of tight labor market and growing talent shortages. A lot of the shortages will result from the large wave of baby boomers retiring and the rapid job growth in specific industries and occupations.

These developments will completely change labor market conditions for many types of jobs.  Hiring qualified workers will become much more difficult. Retention rates are likely to drop. Compensation growth will accelerate. The need to maintain workforce quality without significantly hurting the bottom line will become a top challenge for many employers.

Preparing for this challenge in advance should be a top priority for executives dealing with human capital topics.

In this seminar, we will discuss the following:

  • The macro trends that are causing the evolving talent shortages
  • The specific occupations and industries in which talent shortages are especially likely to occur
  • How strategic workforce planning, recruiting, training, compensation, and reallocation of workers across geographies are likely to be impacted by the growing shortages
  • How human capital professionals could prepare themselves for the coming shortages
  • What human capital professionals that are already experiencing talent shortages are doing to reduce the damage

Who should attend

Human Capital Executives, and in particular professionals in strategic workforce planning, talent acquisition, training and development, compensation, human capital analytics, and other executives who deal with strategic planning.

Agenda

Tuesday, May 20, 2014

8:30–9:00 am

Registration/continental breakfast

9:00–9:15 am

Welcome and introductions

9:15–10:45 am

Setting the stage: What does the data say about talent shortages?

We discuss the macro trends underlying evolving talent shortages, as well as the specific occupations and industries in which these shortages are most likely to occur

  • Gad Levanon, Director of Macroeconomic and Labor Market Research, The Conference Board
    Rob Sentz, Vice President of Marketing and Communication, EMSI

10:45–11:00 pm

Networking/refreshment break

11:00–12:00 pm

Roundtable discussion

Seminar participants share their challenges and learning objectives related to talent shortages.

12:00–1:00 pm

Networking/luncheon

1:00–2:30 pm

The business perspective

How should employers react to the looming talent shortages they face, and what strategies should be explored to better manage their current employees as well as navigate external labor markets

  • Samira Kaderali, Vice President, Strategic Workforce Planning, American Express
  • Haig R. Nalbantian, Senior Partner and Founder/Leader, Mercer Workforce Sciences Institute
  • Gad Levanon, Director of Macroeconomic and Labor Market Research, The Conference Board

2:00–2:45 pm         

Networking/refreshment break

2:45–4:15 pm      

Panel discussion

We discuss evolving talent shortages in the context of strategic workforce planning, recruiting, retention, training, compensation, and relocation.

  • Dan Finnigan, CEO, Jobvite
  • Samira Kaderali, Vice President, Strategic Workforce Planning, American Express
  • Haig R. Nalbantian, Senior Partner and Founder/Leader, Mercer Workforce Sciences Institute
  • Gad Levanon, Director of Macroeconomic and Labor Market Research, The Conference Board
  • Rob Sentz, Vice President of Marketing and Communication, EMSI

4:15–4:45 pm      

Review and final remarks

  • Human Capital
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