I’ve written here on two or three occasions about the looming macro-succession crisis threatening American business. Well, my colleague Whytawk over at Scholars & Rogues has a great post this morning on the dynamics shaping our emerging recession, and in it he put some teeth in the retiring Boomer piece of the macro-succession puzzle. If I’m a staffing leader at a company that relies on its ability to attract and retain talented people I just got extremely nervous.
At the same time the US has not reformed either of Social Security or Medicare and fully 76 million people out of the total 150 million of the US employment base are due to retire over the next 10 years as the Baby Boomers hit 65. [emphasis added]
Yow. Continue reading
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