The War For Talent Continues
More than a quarter-million Americans turn 65, and every month approximately 10,000 people retire. The recession may have delayed the inevitable for a time, but as the stock market continues to rebound there are signs that more Americans are at last feeling confident enough to leave the workforce. Some experts argue that by staying in the workforce longer than past generations, boomers have been clogging the usual professional pathways, which has left fewer opportunities for people beginning their careers. This is changing quickly, but result of hiring by US companies during the recession years is a significant lack of qualified professional managers and professionals with 5-8 years of experience. This will fuel the war for talent for the next several years.
Bruce Peacock
Vice President of Business Development
The Richmond Group USA