Future proofing an organization against talent lost as baby boomers Term Paper

Future proofing an organization against talent lost as baby boomers retired - limit Paper ExampleThe exodus of the baby boomers combined with the falling birth rates will intensify the emulation for the global talent.Most of the businesses from the developed conception recognize the need to capitalize on the international markets. It helps the companies overcome the challenges of aging work force evident in their domestic market, by tapping into new ontogeny pool of highly educated talent. However, the rapid growth of the economies of the BRIC countries also means that new businesses are entering the markets. The competition is increasing. Most of the organizations are already experiencing stiffer competition as they expand internationally. The entry of new businesses threats to shrink their international market share.The third trend is that, women form a significant portion of the workforce. Having more women work is transforming the workplace and creating new markets. A woman brings a unique perspective on tapping on some of the growing markets. Also having more women working has increase their saving and spending and thus good for the business. In United Kingdom, the female segment is increasing faster.Currently, the extension X and Y forms the majority of the world population. This generation view of life is different from that one of the baby boomers. They have different goals and motivation. This means that different leadership style will be required to incite them. The business leaders will need skill not only to do business in this broad environment but also to pull back and maintain talents from more diverse and fluid workforce. Skills like peoples kills and emotional intelligence will be highly valued.As the global teddy accelerates, it is becoming more crucial to understand the fundamental trends that shape the future of the workplace. It is, therefore, important for todays leader to formulate a vision for future