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Summary and Outlook

In: Resetting Human Resource Management

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  • Hermann Troger

Abstract

The demographic transformation of our society is no longer just a sociopolitical scenario for the future but has become the reality of our everyday lives. Companies and organizations no longer only have to contend with the infamous skills shortage but are now also dealing with an aging workforce, a general lack of young talent, and the threat of a knowledge drain. In just a few years, 50- to 65-year-olds will form the strongest age group in many companies, and competition for the best talent—both young and old—will intensify. Human resources management faces a great complexity of challenges. These include personnel bottlenecks (both current and predicted) as well as the ever-increasing heterogeneity of the workforce structure in terms of gender, age, origin, and expectations. These demographic and sociopolitical phenomena are accompanied, or determined, by a rapid technological transformation process and—for the past 2 years—by an aggressive virus.

Suggested Citation

  • Hermann Troger, 2022. "Summary and Outlook," Management for Professionals, in: Resetting Human Resource Management, chapter 10, pages 195-204, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-06166-0_10
    DOI: 10.1007/978-3-031-06166-0_10
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