Job and Career Expert Phil Blair: What Is Multigeneration Workforce and Why Should You Care?

AUSTIN, Texas, May 6, 2015 /PRNewswire/ -- What is the influence of multiple generations operating in the workplace and how should that shape an organization's talent and succession strategies?

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Author and talent acquisition expert Phil Blair will answer that question in his keynote address on "The Workplace Remix: What is a Multigen Workforce and Why Should You Care?" at the Austin Society of Human Resource Managers Workforce Readiness Day Thursday, May 21, 2015 at the Hilton Hotel in Austin, Texas.

Blair is the author of "Job Won! 500,000 Hires and Counting" (Author House, 2013). For more than three decades he has co-owned Manpower San Diego, the largest Manpower franchise in the U.S. His firm is San Diego's fourth largest for-profit employer, providing approximately 3,500 jobs daily.

The daylong program is titled "Pushing Austin Talent Limits." The event features four sessions and 17 speakers, including Blair. Five hours of HRCI credits are offered. Registration information is www.austinhumanresource.org.

"A real issue for HR managers is how employers can best manage and motivate a multiple generation workforce," says Blair.

The U.S. civilian labor force—the number of people working or looking for work—has gone through substantial changes in its size and demographic composition over the last half of the 20th century, according to the U.S. Department of Labor.

"Once again, the baby boomers have become a generator of change, this time in their steady retirement from the workforce," notes Blair. "This will continue to impact the recruitment of quality talent."

Blair notes that in the first 12 years of the 21st century, the growth of the population has slowed and labor force participation rates generally have declined.

"The Bureau of Labor Statistics projects that the next 10 years will bring about an aging labor force that is growing slowly, a declining overall labor force participation rate, and more diversity in the racial and ethnic composition of the labor force," says Blair.

Moderating the session with Blair will be Kip Wright, the senior vice president for Manpower, North America.

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According to the Census Bureau's 2012 population projections, the U.S. population is expected to continue to grow slowly, to grow older, and to become more racially and ethnically diverse.2 During the 2012–2022 period, the growth of the labor force is anticipated to be due entirely to population growth, as the overall labor force participation rate is expected to decrease from 63.7 percent in 2012 to 61.6 percent in 2022. In order to carry out its projections, BLS analyzes and projects the labor force participation rates of 136 different groups, including the two genders, 17 age groups, and four race and ethnicity categories. The basis of these projections is historical labor force participation trends in each of the various detailed categories, according to data provided by the BLS Current Population Survey (CPS) program.3

The U.S. labor force is projected to reach 163.5 million in 2022.1 (See table 1.) The labor force is anticipated to grow by 8.5 million, an annual growth rate of 0.5 percent, over the 2012–2022 period. The growth in the labor force during 2012–2022 is projected to be smaller than in the previous 10-year period, 2002–2012, when the labor force grew by 10.1 million, a 0.7-percent annual growth rate.

Every 2 years, BLS projects labor force levels for the next 10 years. The present set of projections covers the 2012–2022 period and estimates the future size and composition of the labor force. The projection of the labor force is the first step in the BLS projection process in which the aggregate economy, industry output and employment, and occupational employment in the next 10 years are projected. Labor force growth is an important supply constraint on overall economic growth.

The labor force projections are estimated by combining population projections calculated by the U.S. Census Bureau with the labor force participation rate projections developed by BLS. Consequently, the growth of the labor force is the result of simultaneous changes in the civilian noninstitutional population and the labor force participation rates of the various gender, age, race, and Hispanic origin groups.

SOURCE Manpower