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Solutions to Workforce Woes
Author(s) -
Lacey Marcia
Publication year - 2009
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/j.1551-8833.2009.tb09934.x
Subject(s) - workforce , baby boomers , recession , great recession , business , depression (economics) , labour economics , productivity , public relations , economics , political science , economic growth , keynesian economics , macroeconomics
Underscoring the duality inherent in all things, the flip side of the disastrous economic downturn of 2009 has yielded an unexpected bonus: delayed retirements. Financial woes unseen since the Great Depression halted Baby Boomers from exiting the workforce in massive numbers, giving employers the gift of additional time to further develop programs to entice new talent, to advance women and minorities, to bring recruitment and retention plans to fruition, and to capture years of institutional knowledge from experienced workers while they are still a part of the workforce.