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Employers Will Face Talent Shortage When Boomers Leave Workforce

Employers Are Facing a Talent Shortage

A March survey came out with some interesting results: Employers are more worried about sparse workforce talent than the cost of health care. Fortune points out that the exodus of Boomers from the workforce is on the horizon and has made employers anxious about filling those spots, but I think there's something to be said for younger workers interpreting this reality.

Before your employer puts on his best Ed McMahon and announces his plan to host a star search to fill vacant positions, it may be in your best interest step up to the plate and make it known that you're ready for more responsibility. Not sure how receptive your company would be to helping you bring your talent to the next level? Peter Cheese, head of the human performance practice at consulting giant Accenture, says you can determine if you're working for a "talent-powered" company by looking for these signs: upward mobility and lateral movement within ranks, frequent performance feedback, opportunities to learn new skills, and develop abilities.

Those three characteristics make it easy to see whether or not you work for a talent-powered company. Do you work for one? If not, remember to ask questions when you're on your next job interview that would indicate whether or not a potential employer prioritizes fostering employees' talent.


Join The Conversation
ChimericGirl ChimericGirl 9 years
I get really confused by this idea that there is a lack of talent. I have a college degree and some great skills (i.e. computer and research) yet only ever hear about my lack of experience as a reason a company doesn't want me (and I've heard many of my fellow grads say the same thing has happened to them). My understanding of this is I'm intelligent and talented but they aren't willing to put anything into me (training) so that I can perform the specific job. Lame.
djamellynx djamellynx 9 years
SkinnyMarie SkinnyMarie 9 years
Nunyabiz your right...
nunyabiz nunyabiz 9 years
They're not facing a talent shortage--they're facing a brain shortage among the people who conduct interviews and do the hiring. I don't know why employers have gotten to the point where they either insist on looking within for talent or demanding years of experience. These are people they'd have to pay more than allegedly "overqualified" people who have spent all this time and money on apparently worthless degrees. Employers are going overboard trying to cut corners and save a dollar to their benefit, and then cry and whine about so-called shortages and understaffin when there are plenty of people they could hire. The reason they won't do what SkinnyMarie says is because they feel there's no way an "overqualified" person will stick with them, especially for less pay. But people need jobs, and there will always be a long line around the corner waiting to fill positions right away if someone leaves an employer. How hard/costly is it to throw an ad up on the internet???? With as many responses as employers get for job postings, they could have a new employee in there for no extra cost the very next day.
bellaressa bellaressa 9 years
SkinnyMarie, they could also give the job and add more responsibility, that will even out. I am sure there are things that managers and or higher ups can delegate to someone else. Reading this really makes me wonder.
SkinnyMarie SkinnyMarie 9 years
This is sad. Really sad. It kind of makes you feel guilty for going to get that masters. "over qualified" is such a horrible excuse. If someone can fill the position and is over qualified, offer them the job at the rate you can afford. If they take it, good! if they don't, then keep looking. When someone is unemployed I would think that working under your going rate is better then not working.
sldc sldc 9 years
Corporations say: "We cannot find talented Americans to fill jobs." Translation: "We would rather pay someone overseas a few bucks an hour to do this job and we are trying to blame the American workers, all while retaining our tax breaks!"
gitwenty5 gitwenty5 9 years
I heard a lot of horror stories lately from my friends who work in big corporations.... my sister is pulling 8 am to 10 pms at least 2 times a week due to under-staffing (she works for a big household goods company in category management)
megnmac megnmac 9 years
I really agree with this - take the opportunity to show you can WORK. My office is in a hiring freeze, and we've lost employees so we're short staffed, and I've had amazing opportunities to expand my knowledge by taking on new responsibilities and working hard during this difficult time in the office.
bellaressa bellaressa 9 years
I am so confused when I read articles like this. Thank you for this article Savvy. I know a lot of people that have great skills, have degrees, and years of experience; yet they are being told by companies that they are "over qualified" - A title which I think is bogus and sad. I have actually contacted companies who didn't hire me during my unemployment (I was laid off) and they would tell me I was great however, I had a MS and they thought I was over qualified; so I asked what they were looking for and this is the story that many people get. It really upsets me; I think companies don't want to hire people sometimes b/c they don't want to pay a good employee or someone who will do the work. That really pisses me off.
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