Saturday, September 30, 2006

Younger workers benefit from departure of Baby Boomers


Short-sighted hiring practices are meaning that U.S companies are shooting themselves in the feet when it comes to attracting talented staff.

A study by recruiter TalentPen found that meeting an employee's personal needs is becoming increasingly critical to job satisfaction and retaining and hiring employees.

Worker loyalty is more precarious than ever, with nearly half – 46 per cent – of new hires leaving their jobs within the first year, and only 49 per cent still in post after two years.

With the baby boomers generation now facing retirement schemes, employers were faced with a lack of skilled workers, meaning younger skilled workers could pick and choose their job options and loyalty was no longer high.

The poll of recruiting and personnel officers found that 59 per cent believed fewer than half of all candidates interviewed were qualified for the job.

See full Article.