by Traverse Legal, reviewed by Enrico Schaefer - November 6, 2006 - Uncategorized
The workforce that is required within a new-age business model is very different than those traditionally associated with other businesses within the same field. A business attempting to adopt 21st centruy technologies in order to win the ability to compete in the latest century can only succeed with the right people on its payroll.
You need forward thinking people who can think out of the box, who are familiar with the different technologies available in this new century and are dedicated to the drastic revolution in the field that your new tactics would bring about.
However, striking the right harmony between this energy and fresh thinking, and the experience and expertise that is required in any business is a difficult to achieve. Latest research is showing that this might be growing more and more difficult. With the coming retirement of the baby boomers, experts foresee an economy starved of these experienced workers over the next 10-15 years.
Research is also showing that the 25 – 34 age group will only grow 7.5 percent, while the group between 35 and 44 is projected to actually decline; statistics showing how our economy may very well be sucked dry of experience, and left with too much fresh thinking and energy.
In order to best harness the enhanced capacity offered by technology you have to have the right combination of personalities and talents within your company. With the forecasted scarcity of experience that is needed in order to succeed, new-model businesses have to adopt more than just new software in order to survive in the new economy. You need to adopt new-age ways to hold onto and attract those valuable, and experienced, employees.
However, new-age businesses are in the best position to offer lucrative “perks” that will give them a step ahead in the competition. Flexible hours, and the ability to work wherever you can take a laptop can be the best option you can offer to prospective employees who may be thinking less about a 40 hour week and more about retirement style caribbean cruises.
Consulted: "Where Will You Find Your Workers in the Years Ahead?", by Ken Dychtwald
As a founding partner of Traverse Legal, PLC, he has more than thirty years of experience as an attorney for both established companies and emerging start-ups. His extensive experience includes navigating technology law matters and complex litigation throughout the United States.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by attorney Enrico Schaefer, who has more than 20 years of legal experience as a practicing Business, IP, and Technology Law litigation attorney.
