Enjoy this conversation with David Alemian, Founder of Talent Retention Plans which explores strategy and tactics to attract and retain your highly skilled employees.
Skilled labor shortages are expected to last until well beyond the year 2060. Workforce shortages started around the year 2000 when the baby boomers began to retire.
10,000 people a day turn age 65, and there aren't 10,000 replacements a day. This means that the problem will continue to worsen.
Employers must take proactive measures to retain their key employees or they will lose their best talent.
Skilled workforce shortages are at crisis levels for:
The cost to replace a highly educated employee earning $100k and up is more than double their salary.
Tim Rohling, Founder & President
Rohling Sales Growth Advisors
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