Career Development: A Strategic Human Resource Challenge
Some areas around the world are currently experiencing quite good economic conditions. Multiple sources have projected the economic outlook through 2019 as being quite positive and suggest a global growth rate of around 3.0 percent is likely and should continue through 2020. They went on to call the broad-based recovery in global growth encouraging.
While these are promising numbers, there is a bit of bad news. This growth has intensified the demand for human resources. The prosperous economy that has spread around the world is the double-edged sword that has fueled this issue, which is likely to be a growing problem for nearly all of us.
Many organizations have already begun to experience difficulty recruiting and retaining resources for their projects and programs. However, when you add the extreme shortage of resources for new and emerging technologies, the problem becomes much worse—and we should all be deeply concerned.
As the economic performance continues to fluctuate around the world, an increased number of ideas will move out of the concept phase and become actual projects. This will put additional stresses and strains on human resources, management and the acquisition of required project staff.
The current White House Administration's Council of Advisors on Science and Technology predicted that by 2020, a shortfall of almost 1 million tech
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