Retirement wave. Talent gap. Brain drain. The perfect storm.
Phrases like these have become commonplace in recent years and they all suggest that we’re in for some really tough times ahead. While we’re not necessarily preparing for hurricane conditions, there are some definite tell-tale signs of change, and these are certain to have an effect on your organization.
Here’s what you need to know and ways in which XYZ University can help your organization weather the storm.
| CAUSE | EFFECT | SOLUTION | XYZ RESOURCES |
| Retirement Wave: Forty percent of the U.S. workforce is now eligible to retire. (In 2010, 330 people turned 65 every hour!) |
With an estimated two-thirds of executives and board members leaving their posts, your organization will be vulnerable without the proper knowledge transfer, skill development, and leadership training. | Prepare for the loss of critical knowledge and start succession planning | Associations face gap in ranks |
| Talent Gap: The U.S. Census Bureau predicts a shortfall of 10 million workers within the next 5 years. |
There are 78 million Baby Boomers (1946-1964) and only 48 million Generation Xers (1965-1981). This deficit of younger workers means when the retirement wave hits, the workforce will be running very lean. | Bridge the gap by keeping an acute focus on productivity and next generation leadership training | Younger workers want more than a paycheck |
| Brain Drain: The largest generation in history spends an average of 20 months on a job. |
At 80 million, Generation Y (1982-1995) seeks an entirely new work experience.In pursuit of happiness they job-hop, which hinders sustainability. Plus, they are choosing different careers which means entire industries are in danger of ‘aging out’. |
Focus on Y — your organization’s survival relies on its ability to recruit, retain, and relate to this generation |
Books
Millennials Rising |
