BRISBANE, AUSTRALIA--(Marketwire - Sep 3, 2012) - SuccessFactors, an SAP company and Business Execution software specialist, will be holding a business webinar to discuss strategic workforce planning. The webinar, titled Understand your future skills requirements with Strategic Workforce Planning, will take place at 14.00 (Sydney time) on Thursday 6th September.
The webinar will focus on a recent business research programme SuccessFactors conducted on understanding the impact of a skills shortage. The results of the programme showed that having the right people with the right skills within a business helps deliver a great performance; however, if the business doesn't have access to the people with the skills, then business performance levels will naturally deteriorate.
Skilled workforces are aging. The huge surplus of workers created by the Baby Boomer generation is getting old and retiring, taking their skills and experience with them.
The imminent talent shortage from retiring workers is enough to cause problems on its own. In addition, rapid technological development is worsening the skills shortage. Computer sciences and engineering, in particular, are susceptible, with 36% of IT companies and 28% of energy companies expecting large increases in staff over the next three years. They are not alone -- many industries face threats to their workforce capabilities.
Without a skilled workforce, companies face a multitude of crippling problems. Vital tasks and business processes cannot be performed efficiently, leading to capacity bottlenecks, capability issues and reduced business performance. As the workforce ages and the talent shortage worsens, companies face severe threats to their competitiveness.
However, many companies are already putting workforce planning and staff development plans into action. They know it's vital to start investing in talent management and employee development to equip themselves with the skilled workforce they need today and in the future.
to sign up for the webinar and to find out how to prepare for the looming skills shortage.
Additionally, visit http://www.successfactors.com to learn more about SuccessFactors' business execution software.