Strategic Human Resource Management

(Barry) #1
Section Two

disabled workers such as the mentally challenged and retired
workers.^93 Barring an economic collapse, labor shortages also
are predicted for the future:


The traditional want ad will be replaced with
“situation wanted” ads: Workers will place these
ads on the Internet or other media and wait for
companies to call them. They will have good
reason to expect a call back. The U.S. Bureau of
Labor Statistics projects 151 million jobs by 2006
and 141 people employees. As often happens
today, many of those workers will be working
two jobs.^94

The lure of jobs with dot-com or e-business companies
and the prospects for rapid accumulation of wealth has made
the labor market even tighter for highly skilled workers who are
willing to take risks and live with uncertainty. Nonetheless, the
most admired companies in the United States such as Lucent
Technologies, General Electric, Microsoft, and Dell Computer
have high ratios of applicants to jobs. These companies are
aggressive recruiters, but ratios of applicants to jobs as high as
81 at Southwest Airlines help reinforce the notion that good
employees are attracted to companies that have good
management even in tight labor markets.^95

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