Preparing for 2010

• Pending labor shortage and knowledge shortfall

• 2010 will mark the beginning of a massive brain drain of workers.
• Oldest of the baby boomers may exercise their retirement options
• Take with them their vast storehouse of accumulated wisdom and expertise.

• Many organizations are already feeling the pinch and have started to hire back some of their retirees to coach and mentor the upcoming generations.
  
  
• Additional challenges:

• Diversity in the workforce will be driven not only by gender, race, and ethnicity factors
• Generations will play a larger role
• Greater variety of work styles and values
• Immigration
  
  
• New managers will need a host of new and flexible skills
  
  
• Smart Companies - Use Mentoring programs to create a pipeline of knowledge transfer before it reaches a crisis.