Archive for October, 2013
As Japan’s economy emerges, it’s threatened by the dark cloud of labour shortage
Today, the world’s third largest economy is characterized by the fact that 25% of its population are over the age of 65. Given the importance of the workforce in driving economic growth, this is a significant concern for Japanese entities. In fact, it’s an economically hazardous bullet train of sorts approaching.
However, we may expect Japan’s extraordinary engineering skills, combined with meticulous work practices, to continue to drive it forward, despite the very real challenge of its ageing labour force. There are already signs of enlightened practices that will go a long way towards remediating this. As that trend continues, expect more of the workforce to be actively engaged, and innovative sourcing practices to access a more widely distributed, and perhaps more regional, labour force. Where resources cannot be found domestically, we may see an increase in offshore sourcing.
For companies with their eye on the horizon, here are some tips on how to guard and maintain that most valuable of resources: the workforce.
Read the full report here: http://bit.ly/15HJuFC