Freelance writing jobs

Since the turn of the century, it has been estimated that 78 million boomers will leave the workforce by 2033. And it’s predicted that the repercussions will be felt worldwide. Here’s what people have been saying about this phenomenon, if you’ve not heard about it.

The Ministry of Labour in Finland created a report called, ‘Preparing for the Labour Market Change Caused by the Baby Boom Generation’. It calculated that after 2010 the population will begin to reduce and starting in 2030, it will go down by 400,000. This equates to approximately 20,000 people each year. Labor aptitude will also reduce after 2010 at a rate of 30,000 people each year. And the worst of it is, there will not be enough young people to replace them.

But lead researcher, Kevin Coyne of Coyne Partnership Inc., recently contradicted these predictions. He’s on record as saying that given the current trends of delayed retirement, the total number of retirees over the next quarter century will be below 43 million and possibly as low as 32 million.

David Walker, US Chief Accountant, would say otherwise. He’s noted as saying, that the US will see a major crisis in the near future, with the walk out of baby boomers, which will put the US economy on red alert.

But with so much hype comes complacency, a “it won’t happen in our company” syndrome, and due to this, very few companies are doing anything to get ready for the looming human capital crisis. They think that the crisis will pass them by, and that hiring and firing will be “business as usual”.

Pretending that nothing will change, or that the change will not have an effect on the marketplace, may not be wise. And even if it doesn’t effect certain industries, can you say with all honesty, that it won’t effect some of your client base, which in turn will effect you anyway?

If the facts are true, then this is a glimpse of how things could be within the next 18 months.

Clients will start “freezing” their services to concentrate on keeping their company above water. You could also find your client base slowing dissolving into thin air as companies slowly go under.

Fulfillment agencies, will feel the heat the most. As finding the right person for the job will become even harder than it is now. It’s estimated that things will certainly grow worse in this area, before it improves.

Boomers retiring is inevitable, there is nothing we can do about that. But to survive this crisis, smart companies can start preparing for it NOW. The three tactics are to:

– Appreciate the deeper ramifications the crisis could bring you — Develop a solid consumer profile — Focus on creating client loyalty

Companies who want to enjoy a boon and not a bust in 2008 and beyond, have no option but to start preparing for the overwhelming loss in human resources now, by implementing razor-sharp marketing tactics.

Filed under: writing Articles