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The Looming Leadership Talent Wars and What Organizations Need to Do to Secure Their Future

Wednesday, June 6, 2007

The Looming Leadership Talent Wars and What Organizations Need to Do to Secure Their Future (www.b-eye-network.com)

Note: This is the first article of a multipart series covering current issues in the field of leadership development. Subsequent articles will offer actionable ideas on topics ranging from measuring leadership development effectiveness to creating a culture of leadership development in your team or organization.

The Macro Problem: An Emerging Leadership Talent Shortage

The recruitment, retention and development of talented workers are significant issues for all organizations in this increasingly global and knowledge-based economy. In the U.S. market alone, the rapidly changing demographics are projected to have a profound impact on labor pools and management resources in organizations in almost every industry for years to come. Published estimates indicate the potential for 76 million baby boomers to retire over the next decade with just 46 million workers available for replacement. A special report on “The Search For Talent” in the October 7, 2006 issue of The Economist puts this issue in focus indicating, “By one count, half the top people at America’s 500 leading companies will go in the next five years.”

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