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It Takes a Workforce
Author(s) -
Lacey Marcia
Publication year - 2010
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.1551-8833.2010.tb10159.x
Subject(s) - baby boomers , luck , workforce , demographic economics , labour economics , business , economics , economic growth , philosophy , theology
The delay in the Baby Boomer generation retiring has been a stroke of luck for many employers, giving them time to prepare for the eventual massive exodus of the largest generation of workers. The U.S. Department of Labor has estimated that by 2012 there will be 165 million jobs ‐ and 162 million available workers. The disparity between those numbers doesn't seem so overwhelming until you consider that quite a few of those available workers will be 55 and older. Whether you're ready for the coming brain drain or not, there are a number of options available to utilities to recruit and retain younger workers while managing the departure of the Baby Boomers.