Working Paper Series, Chair of Organization, Human Resource & General Management, Brandenburg University of Technology 1
As a consequence of the demographic change, the workforce is aging and shrinking at the same time. Based on the resource-based view of the firm, we discuss implications for innovation and human resource management in SMEs. A review of the literature and empirical studies show that a shortage of engineers is becoming on obstacle to innovation in German SMEs and therefore a challenge for human resource management. We present three strategies to counter the possible shortage of skilled engineers.