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From Not Enough Jobs to Not Enough Workers: CHIEF TALENT/ LEARNING OFFICER Implications
October 2014 | Publication
Is your company ready for the coming “war for talent?” Baby boomer retirements will create a shortage of skilled workers in mature economies, leading to higher wages and lower profits. This shortage will likely last for the next 15 years, and chief talent/learning officers will be on the front lines. To prepare, you must treat talent as an asset rather than a cost. Because the labor shortages will affect some occupations and countries more than others, companies must work hard to identify their own future skills gaps, then polish their recruitment and retention practices to fill them with the best talent.