Las Vegas (May 4, 2004) – With the economy on the rebound and a labor shortage looming, now’s the time to upgrade your staff, a CPA here warned attendees at the American Institute of CPAs Information Technology Conference.
Companies need to prepare for the mass exodus of Baby Boomers from the workforce by locating and hiring top talent now, warned Neil Lebovits, president and chief operating officer of professional staffing firm Ajilon. “I’m here to scare the living crap out of you,” he told CPAs gathered at the conference opening keynote session Monday. “The economic and demographic realities are scary.”
According to the Bureau of Labor Statistics, a typical American holds more than eight different jobs between the ages of 18 and 32. Add to that the fact that the economy is rebounding, and that 70 million Baby Boomers will retire over the next 15 years, and we’re headed for a major talent shortage, Lebovits warned.
“If you don’t have the best people, you’ll lag behind your competition,” he said. “Do you have the talent to pull off what you want to pull off?”
“Be your company’s general manager,” he told attendees. “The GM of a pro sports franchise is always looking to improve. They’re always assessing their team and analyzing production.”
“Determine what positions you are weak at and upgrade your B and C players,” he advised. “Now is the time to find the best free agents – the best talent – even if you don’t have an opening. Find the best people and find a place for them.”
“The key to finding and retaining excellent employees is to align your staffing and retention strategies to the one core culture that best propels your company’s success,” he said.
-- Melissa Klein Aguilar
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