The job market is changing into a seller’s market. What does this mean for where you should be spending your time?
Are there too many jobs and not enough people to do them? It may sound strange, but the futurists are saying that there will not be enough people to fill all of the jobs—particularly those requiring skilled labour. Baby boomers, currently representing over 1/3 of the workplace, will be soon retiring in droves. According to an IBM study (as reported by ABC news in May/05) 19% of the workforce will disappear by 2008. Less and less concerned about job security, employees will become increasingly demanding and start looking for work that is more rewarding and fulfilling. They will also pay more attention to a company’s reputation for providing a quality work environment and opportunities for career growth. While challenging, this change presents a great opportunity for employers who recognize this trend and start doing something about it now.