The 2009 Talent Management Study: The Pressures of Talent Management also reports that:
- 77% of employers surveyed had not analyzed projected employee retirement rates or assessed employee career plans;
- 56% had not assessed the skills their organizations need today and into the future; and
- 30% reported not having enough programs for recruitment, and 35% not enough for training of older workers.
“The out-migration of an entire generation of workers will upset the entire balance of the workplace,” said Marcie Pitt-Catsouphes, Director of the Sloan Center on Aging & Work and report co-author. “Knee-jerk reactions to today’s challenging economic reality aside, US companies need to start planning strategically for workforce sustainability. The current abundance of older worker talent and experience is going to dry up, and businesses will very soon need to fill hundreds, if not thousands, of jobs.”Source: Sloan Center on Aging & Work at Boston College News Release (November 17, 2009)