The story wasn’t new – a perfect labor storm is brewing. But the title caught my eye.
The headline in today’s (May 4, 2008) Atlanta Journal Constitution stated the problem quite simply:
The article begins with "the percentage of the state’s population ages 55 to 64 is growing (from 8.6 percent in 1998 to 12.2 percent in 2007), while the percentage of people younger than 24 is shrinking. At the same time, Georgia’s economy is expanding. This means there will be fewer entrants into the job market at the same time that older workers will be retiring."
That’s not big or new news unless you’ve just awakened from a 20 year sleep. It’s significant in that still another state is realizing the gaping hole opening up in its workforce.
The author does a good job of pointing out that shortages are imminent in management, leadership, healthcare, education, child care and the trades – electricians, plumbers and welders to name a few.
I’ve said it before-I’ll say it again: the Perfect Labor Storm is not something that will happen to everyone else. It’s a global-wide phenomenon and change the way every organizations does business.
Read the rest of the Hole Story.
Read more about the Perfect Labor Storm.