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Employers are divided on whether a long-anticipated shortage of talent will soon emerge, according to a survey of 3,100 senior human resources executives by Novations Group, a consulting organization based in
While most companies have seen some signs of a talent shortage, 39 percent reported no such indications. At the same time, one-third of organizations have already taken steps to update selection and recruitment criteria. Nevertheless, 10 percent of employers expects no shortage of talent in the next decade.
With respect to a long-anticipated shortage of talent, how would you characterize your current approach to selection and hiring?
The talent shortage continues to capture the imagination of employers worldwide, said Novations Group Vice President Tim Vigue. "But our survey shows there’s also widespread uncertainty on what’s going to happen and when. Some organizations are in a passive mode, while the smart ones are taking a hard look at their recruitment and selection procedures."
Uncertainty about an approaching talent shortage may also be reflected in a Novations’ finding about retiring Baby Boomers, Vigue said. "Again, organizations are divided, with as many taking steps to mitigate the loss of talent as there are others that expect no great talent drain as boomers retire."
With respect to retiring Baby Boomers, how would you describe the situation at your organization?
The Novations Group Internet survey of 3,100 senior human resources and development executives was conducted by Equation Research.
Founded in 1977 and based in