Workforce Shortage

For years we have been predicting a workforce shortage, here in the US, and in Europe. The recent economy or lack of economy, has delayed the shortage, but it is still on its way. Here are a few trend we can count on:
1) Shortage of skills and experience: As the baby boom generation reaches retirement age, organizations face a potentially debilitating brain drain of skills and experience.
2) Shortages of workers: Overall demand for workers is already beguinning to exceed supply. The gap is projected to grow to millions, perhaps tens of millionsm of workers, with potentially profound effects on economic output and standard of living.
3) Shortage of educated candidates: Despite continuing progress on average educational achievement, colleges will graduate too few candidates to fill the technical, information-intensive, judgement-intensive jobs five years from now.
4) Aging: The average age of employees will continue ro rise, and the workforce will become more multigenerational. Proportionately, mature workers are the fastest-growing age segment, and large employers can expect to double their percentage of workers over fifty-five over the next five to ten years.

WORKFORCE CRISIS: By Ken Dychtwald