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Workshop 11 (half day)

The Impending Workforce Crisis: What I-O Psychologists Can Do

Presenters:      Wayne Cascio, University of Colorado
                         Peter Cappelli, University of Pennsylvania
Coordinator:     Debra Drenth Setzer, Franklin Templeton Investments

It is no exaggeration to say that the world at large and the world of organizations have changed forever.  Executives around the globe acknowledge that finding, retaining, and growing talent are among their toughest business challenges. Yet to address this concern, many are turning to talent-management practices that no longer work—because the environment they were tailored to no longer exists.  The changes are due largely to shifts in demographics, the Internet, work distributed all over the globe, e-commerce, and the need for speed and agile responses to opportunities and threats in the marketplace.  In this workshop we will review these trends, as well as present new ideas and approaches to talent management, and how those change workforce-planning strategies and tactics in addition to management-succession planning. 

This workshop is designed to help participants:

  • Understand and appreciate workforce trends: demographic, technological, and strategic
  • Identify options for addressing those trends
  • Balance developing talent in-house with buying it on the open market
  • Improve the accuracy of their talent-need forecasts
  • Optimize both workforce—and management—succession planning 
  • Replicate external job market dynamics by creating an in-house market that links available talent to jobs

Wayne F. Cascio is U.S. Bank Term Professor of Management at the University of Colorado at Denver.  He is chair of the Society for Human Resource Management Foundation (2007), past chair of the HR Division of the Academy of Management (AOM), a former member of the AOM Board of Governors, and past president of SIOP.  He has authored more than 135 journal articles and book chapters, and 20 books, including Investing in People (with John Boudreau, forthcoming), Managing Human Resources: Productivity, Quality of Work Life, Profits (8th ed., in press), Applied Psychology in Human Resource Management (6th ed., 2005 with Herman Aguinis), and Responsible Restructuring: Creative and Profitable Alternatives to Layoffs (2002).  He is an elected Fellow of the Academy of Management, the American Psychological Association, and the National Academy of Human Resources.  He received a PhD in I-O psychology from the University of Rochester and an honorary doctorate from the University of Geneva, Switzerland.

Peter Cappelli is the George W. Taylor Professor of Management at The Wharton School and director of Wharton’s Center for Human Resources.  He is also a research associate at the National Bureau of Economic Research in Cambridge, MA and serves as senior advisor to the governments of Bahrain and Singapore on employment-policy issues.  He has degrees in industrial relations from Cornell University and in labor economics from Oxford. He has served on three committees of the National Academy of Sciences and two panels of the National Goals for Education, and was recently named by Vault.com as one the 25 most important people working in the area of human capital, one of the top 100 people in the field of recruiting and staffing by Recruit.com., and was elected a Fellow of the National Academy of Human Resources.  He is the founding editor of the Academy of Management Perspectives, and the author of Change at Work (Oxford University Press, 1997), The New Deal at Work: Managing the Market-Driven Workforce (Harvard Business School Press, 1999), and Talent on Demand (Harvard Business School Press, forthcoming).

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