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Thursday, March 22, 2007

The Changing Workforce - And Performance Management

According to an article in the Boston Globe, over the next 5 years, the 45-54 year workforce is projected to drop by 10%, and that number will continue to decrease.

The most shocking new is that at some companies, 30-40% of their workforce could retire over the next 10 years.

60% of employers surveyed already feel it is difficult recruiting competent workers.

With the Gen Xers primarily focused on self, and the companies focused on short term profits, how are we going to remain competitive?

What are the kinds of innovative performance management processes, systems and tools that must be embraced?

BOTTOMLINE: What is needed is a sustainable business excellence program. One that is focused on strategy execution. One that directly addresses the barriers to strategy execution, including economic, expertise and human factors. One that integrates a business-building methodology, accountability coaching, and innovative activity management system, and a shared learning community. The first sustainable business excellence program that is optimized for execution (and designed specifically for small and mid-sized businesses) can be found at Six Disciplines.

(Hat tip to the folks at Synaptus)

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