Retention

— Introduction —

There will be serious shortages of manpower in the United States and other countries over the next decade, largely because the baby boomers are reaching their 60s. As this generation of workers begins to retire, economists say there will not be enough workers to replace them. Major changes in the population will thus significantly affect the workforce of tomorrow.

Organizations are already experiencing some labor shortages. Many are having problems filling key positions. Those who are successful in attracting and recruiting talented employees still have to be concerned about keeping them, however, because the demand for skilled workers in almost every industry makes it a seller’s market. Your best employees now have many more ...