Wednesday AM May 12th, 2010

HR departments are having to adjust to changes in the workplace. Lance J. Richards with Kelly Services is addressing changes in the post-recession talent pool at the gulf coast human resources symposium this week. He says companies are having to adjust to things like multi-generational workforces and globalization.

 

"You know, you've got a lot of companies that 'oh no, no, we're purely domestic, we don't need to worry about that.'  And then wake up one morning and their competitor has been acquired by a French firm.  And then they turn around and say 'oops, now we are competing globally, whether we like it or not.  Another one, for example, is the shift in the composition of the workforce—what I call the 'rise of the millennials.'  And they're bringing demands on the workplace that we've never seen before."

Old concepts about employee loyalty to a company—or a company's loyalty to an employee—have changed. And Richards says the talent equation has turned upside down. Richards says the new millennials are interested in working for you only if the job is challenging. They're not necessarily interested in joining the company at age 22 and sticking around to become CEO when they're 64.

 

"We've been used to — over the past, let's say 50 to 70 years — where the supply and demand equation between employer and employee has been in favor of the employer. That is going away rapidly. To allow the people to want to work for you, you've got to provide meaningful work to them. It's no longer a matter of you just opening the door and people coming walking in. You've got to establish your employer brand, you've got to establish a reputation in the marketplace as a place that somebody wants to work."

Bio photo of Ed Mayberry

Ed Mayberry

Local Anchor, All Things Considered

Ed Mayberry has worked in radio since 1971, with many of those years spent on the rock 'n' roll disc jockey side of the business...