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Meeting the Human resource Challenges

Meeting the Human resource Challenges. Nisha Arunatilake Institute of Policy Studies, Sri Lanka July, 2013. The human resource challenge. Population ageing. Labour force is ageing. LF growth is slowing down. The Sri Lankan Labour force is ageing. DCS, LFS.

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Meeting the Human resource Challenges

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  1. Meeting the Human resource Challenges Nisha Arunatilake Institute of Policy Studies, Sri Lanka July, 2013

  2. The human resource challenge

  3. Population ageing Labour force is ageing. LF growth is slowing down.

  4. The Sri Lankan Labour force is ageing DCS, LFS

  5. Labour Force is growing slower, and will soon decline Source: Calculated using UN population projections and LFS data

  6. Stock and flows of Labour Force Children reaching working age Deaths National Stock of Human Resources Emigrants Immigrants Not in the labour force (Youth, Females, retirees) Foreign Workers

  7. Globalization and Technological Change Increasing demand for skills … not matched by supply

  8. Technological changes have increased the demand for skilled workers

  9. The demand for skills workers and unskilled workers are increasing Source: Yidan Wang, 2012; Note: Advanced Economies

  10. Sri Lanka … Source: based on LFS 2011

  11. IT sector – IT work force Source: ICTA, 2011, National ICT workforce survey

  12. Demand for Soft Skills Source: Based on LMI, 2009

  13. Highly Skilled workers Low stock. Low quality. Under utilization.

  14. Global battle for brains … “UK needs lower taxes to attract and retain highly skilled workers” “What policy changes should be enacted to ensure that America retains and attracts the world’s top talent?” “The Battle for Brains: How to Attract Talent” - EU “The issue: attracting and selecting the “best and brightest” - UK

  15. Human Resources in Science and Technology Grps – People qualified to be S&T workers S&T Employees - unqualified people working as S&T workers S&T Grap-loyees – qualified people working as S&T workers Source: Towers of learning and IPS; note: per cent of total population

  16. Training opportunities are low for adults

  17. S&T graduates are low

  18. Stock and flows of Highly Skilled workers Qualified Youth National Stock of Highly Skilled Workers Qualified Immigrants Emigrants Qualified Mature Entrants Deaths, retirements Unqualified people Highly skilled workers: Those working in a S&T field needing a university degree or high level vocational training

  19. Human Resource Challenges Maximizing labour resources, improving skills, producing and retaining S&T workers, improving utilization of S&T workers.

  20. Maximizing labour resources • Flexible terms of work • Smoother school to work transition Continuous training opportunities Improve participation of females and youth Better child care services

  21. Improving skills

  22. Increasing highly skilled workers Improving living standards Training opportunities for older workers Expanding tertiary education Better remuneration

  23. Improving the utilization of S&T workers Source: World Economic Forum, The Global Competitiveness Report, 2011-2012

  24. www.ips.lk Blog : www.ips.lk/talkingeconomics

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