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A Young
Population Puts Pressure on HR
Jeddah,
Saudi Arabia, 21 December 2009 - The young population is one of the
most powerful forces
now affecting employers in Saudi Arabia & the GCC States. The number of employees entering in the
private & public
sectors is rising each year with fewer retirements.
Saudi
Arabia as of 2002 had a population of 24 million people, 43% are under the age of 15 & only
3% are over the age of 65. With a
population projected to reach 41 million people in 2025, this rapid
growth has business implications of this demographic shift and will
be a priority in many companies
and the Saudi Government.
Preserving
the knowledge and experience of the mid level and senior workforce
while creating and
implementing talent management programs for the
next generation of workers will become the focus
of many HR
executives. As a result, adapting talent management programs to this
challenging reality is
becoming an integral part of People
Excellence commitment to help companies in the region to cope
with
dramatic changes in HR policies.
To help
manage the impact of our clients’, People Excellence will implement
HR programs to find top
talent, through competency frameworks and
talent assessments, and avoid costly mistakes. By
analyzing compensation and benefits schemes, People Excellence can determine
the most cost effective
way to recruit the right talent in a
competitive sector. For more information, please
contact us.
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