I will be following closely this week's Job Summit that President Obama and team will be convening in Washington.  I believe that none of us realize the "current" jobs environment that this country is in and the impact that it will have on HR in the next 3-5 years.  A few ideas from the post that I find quite interesting this morning from a jammed Starbucks in Akron, Ohio:

This could be a historic event, but only if it is more than a one-time meeting and serves as the starting point for getting business, labor, and government leaders to work together to create good paying jobs.

This means that between 15 to 20% of the nation's human capital will remain unemployed, underemployed, or out of the labor force for the next three years--clearly an unacceptable outcome that will further delay and weaken economic recovery.

Implementing this new social contract will require business and labor to work together in ways they have been unwilling to do for many years. The sad reality is that they have been locked in an ideological stalemate over the legitimacy of unions and over how to fix and modernize a failed and outdated labor law. The President needs to use this historic opportunity to break this impasse and launch an era of productive and innovative labor management relations needed to foster and sustain the new pact.

If it is a first step rather than a one-time event, the Jobs Summit will be recorded as a historic achievement--the day a new social contract was put in place for workers and families to share in the economic recovery they help produce and the day the foundation was laid for creating good sustainable jobs and 21st century labor management relationships.

This is a major event (hopefully) that all should be paying attention to in our space this week.  It has major ramifications to the HR industry and HR technology/talent management landscape for years to come.  As Knowledge Infusion continues to work with clients to build out strategies for "today's" new normal and "today's" economy, this is an important topic that must be enveloped within each strategy.

Click here to read complete blog post by Thomas Kochan - a great post.

Your thoughts?

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