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A new generation on the labour market and challenges faced by current human resource management practice

Author

Listed:
  • Jana Marie Safrankova

    (College of Regional Development and Banking Institute- AMBIS a.s.)

  • Martin Sikyr

    (Czech Technical University in Prague, Masaryk Institute of Advanced Studies)

Abstract

The goal of the paper is to define challenges of current human resource management practice in terms of dealing with the potential shortage of qualified and motivated people on the Czech labour market and in connection with the emergence of a new generation of economically active people from among university students and graduates. Achieving the goal of the paper is based on both the analysis of available scientific literature, academic journals, and statistical data focused on human resources, labour market and higher education as well as the results of the authors' questionnaire survey focused on students of selected Czech universities and their motivation to study at university and their expectations about the future career. The questionnaire survey was conducted by authors from September 2016 to March 2017. The respondents were full-time and combined bachelor's and master's students. The relevant data were obtained from 994 students. The data analysis was based on the calculation of relative frequencies (as a share from the total number of respondents) and the evaluation of the dependence of responses on age (students aged 29 or less and students aged 30 or more) using contingency tables and chi-square tests of independence. The results support the suggestion that from the perspective of potential shortage of qualified and motivated people on the Czech labour market employers should apply a positive approach to the employment of young people and apply proven strategies, policies and practices in talent, performance, knowledge, and diversity management to create appropriate and attractive employment opportunities for young people.

Suggested Citation

  • Jana Marie Safrankova & Martin Sikyr, 2018. "A new generation on the labour market and challenges faced by current human resource management practice," International Journal of Social Sciences, International Institute of Social and Economic Sciences, vol. 7(1), pages 95-111, March.
    • Handle: RePEc:sek:jijoss:v:7:y:2018:i:1:p:95-111
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    References listed on IDEAS

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    1. Tomasz Ingram, 2016. "Relationships between Talent Management and Organizational Performance: The Role of Climate for Creativity," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(3), pages 195-205.
    2. Stewart, Jeanine S. & Oliver, Elizabeth Goad & Cravens, Karen S. & Oishi, Shigehiro, 2017. "Managing millennials: Embracing generational differences," Business Horizons, Elsevier, vol. 60(1), pages 45-54.
    3. Simon Marginson, 2016. "High Participation Systems of Higher Education," The Journal of Higher Education, Taylor & Francis Journals, vol. 87(2), pages 243-271, March.
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    More about this item

    Keywords

    human resources; human resource management; labour market; work force; employment; higher education; university students; Czech Republic;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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