The war for talent is no less real today than it was in 1998 when McKinsey first coined the term. Even with a surplus of people right now in the market finding talented people continues to challenge many organizations. Boomers are retiring (and more often ‘rewiring’) in increasing numbers with the potential to leave a talent and knowledge gap in some organizations. Younger generations lack the numbers, and sometimes experience, to fill the gap. How prepared are you for the coming talent storm?
- 75% believe there is or will be a talent shortage.
- 63% view retention as a significant challenge in 2011.
- Less than 8% are fully prepared for retaining their top talent.
- 75% believe there is talent gap between boomers and the younger generations.