Recently a prominent life insurance company stated that 10,000 people are retiring daily. That is a LOT of employees!!! Are employers aware of how many of their own employees are planning to retire in the near future? Do those employers have other employees ready to step into the shoes of retiring employees? Have they been trained to step up into experienced positions?
Compass Career Management Solutions-OI Partners Inc. has been doing more research and surveys. One OI Partner has written a book about the change expected with employable talent. The findings indicate that with Baby Boomers retiring, and a wide range of diverse employees filling up the workforce, there will no doubt be a substantial adjustment for all.
Many 20 and 30 year olds want a different work life from their parents. Even the 40 year olds are seeking more flexibility. Of course, the economy is still very uncertain, which causes employers to be cautious about investing (spending money) as well as where. At the same time employers know that it is important to do what they can to keep their companies as strong as possible. It is concerning that many employers don't grasp the importance of "investing in their people".
In the future there will need to be new approaches to employment and a variety of flexible options to use in order to keep a company's best talent. There will be no "one size fits all" arrangements for any company. What works for one company may not be the best approach for another. However, employers need to keep an open mind and seek creative ideas in regards to work environments, culture, and routine.
For the last 3 or 4 decades change has become more common than not in the work place. This will continue to hold true in the future. Employers are encouraged to build a "strategic" Human Resources department, who can help the company and its workforce flourish, thus be more productive. The word "strategic" has often been misused, but in this case, it is a very accurate term! This is a necessity for businesses to have a successful future. Employers need to be educated on this changing trend in employment in order to be prepared and thrive.