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Information Technology News Retiring baby boomers creating high tech talent crisis
Information Technology News Retiring baby boomers creating high tech talent crisis | Retiring baby boomers creating high tech talent crisis |
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| by Stuart Corner | |
| Monday, 02 July 2007 | |
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According to Deloitte's "Experts have long predicted a global talent shortage driven by baby boomer retirements, declining birth rates, and long-term educational trends. However, it was not until this year that the talent issue seemed to really hit home." Exacerbating the problem is a booming high tech sector. "The majority of surveyed companies plan to expand their workforce by more than 25 percent over the next year. However, over the long term, a chronic shortage of talent represents the biggest obstacle to sustaining this impressive growth," the report says. "The problem is particularly severe in developed countries where decades of declining birth rates and shifting education patterns are producing chronic talent shortages in science, technology engineering and healthcare - all of which are at the heart of the Deloitte Fast 500." The report identifies the Internet, and wireless as the two sectors with the strongest growth potential. "Looking beyond the talent challenge, the CEOs of the world's fastest-growing technology companies expect the Internet and IP-related market segments to continue to offer the greatest potential for growth over the next 12 months - and beyond...Wireless communications services are also expected to be a high-growth area, although in the long term, life sciences could mount a strong challenge for the second spot." |
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