Labour Scarcity in the UK and the HRM Way To Combat

Humaira Naznin and Md. Ashfaq Hussain
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Humaira Naznin: American International University, Bangladesh
Md. Ashfaq Hussain: Eastern Bank Limited, Bangladesh

Journal of Applied Management and Investments, 2014, vol. 3, issue 3, 155-161

Abstract: The paper aims to analyse what made labour scarce and critical in the UK. Current social trends and demographic changes, acceleration of globalisation and off-shoring, decentralisation of high skilled workers, advancement in information technologies, and rapid improvements in quality standards – all these have greater contribution to tighten labour scarcity than ever before in the UK. The paper also concentrates the crucial role of HR in avoiding scarcity of skilled workforce through adopting a number of HR associated innovative strategies.

Keywords: labour market; labour scarcity; UK; HR strategy; labour shortage (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ods:journl:v:3:y:2014:i:3:p:155-161

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