JBK Associates CEO, Julie Kampf, discusses the impending War For Talent on Fox's Money with Melissa Francis.
New Gallup research finds that older baby boomers are retiring in large numbers and predicts a possible shortage of U.S. workers. This makes sense. Ten thousand baby boomers turn 65 every day, and, according to the Stanford Center on Longevity, the crucial pool of workers age 45-54 is shrinking as a percentage of the workforce. With fewer highly experienced employees to replace those who retire, businesses need to get serious about succession planning.
A new survey from the Society for Human Resource Management (SHRM) highlights how little most employers have prepared for the aging workforce. Ten thousand baby boomers reach retirement age every day, yet few employers have adapted to the realities of the new talent landscape. In the SHRM survey, one-third or less of respondents indicated that the increasing age of their organization's workforce had prompted changes in general management policy/practices (28%), retention practices (33%), and recruiting practices (35%) to "some" or "a great extent.
"You have to be the employer of choice every day," Yahoo Chairman Maynard Webb recently told The New York Times.
