TRACK B-3: Characteristics of Next Generation ...
[Track B]
Session 3 - ‘Characteristics of Next Generation Workforce’
[Moderator] Kyung-mee PARK, CEO, Hewitt Associates Korea
[Presenter] Judy Lee, Lead of Emerging Workforce Solutions, Hewitt Associates
[Discussant] Franci Phelan, CHRO, Bill and Melinda Gates Foundation
[Discussant] Nicolas Sauvage, CEO, NH-CA Asset Management
[ Description ]
Many population experts anticipate a worsening labor shortage worldwide as baby boomers begin to retire. Imbalances are already visible in developed nations, where the population of young employed workers who will lead the industrial workforce of the future actually falls short of the labor market demands. Noting this shortfall, leading businesses are already studying the young generation to understand their characteristics and design the recruitment and retention strategies to fit their profile. Korean companies need to make similar efforts to secure talented workers. This session will cover what the new generation of workers want from the labor market and expect of their prospective employers, on the one hand, and what kind of recruitment and retention strategies leading businesses have prepared in response. Special attention will be given to the new generation of Korean workers, what characteristics they have and how Korean businesses seek to deal with these characteristics in pursuing their recruitment and retention strategies.
