Why are so many organizations focused on this - now?

CEOs declare, "Our people are our company's greatest asset." They know we are in the midst of a demographic shift that brings a . Bottom line: Companies must get very good at developing and retaining talent, or they will find difficult times ahead.

The Facts:

Retiring Baby Boomers will cause an unprecedented talent shortage.

• The U.S. will face a 10 million worker shortage in 2010 (US Bureau of Labor)
• The 500 largest companies will lose 50% of their senior management in 5 years
• 70% of companies report moderate to severe leadership shortages
• Unemployment for U.S. workers with a graduate degree is under 2%

• They are hard to attract. Gen Y faces a very fluid job market where employers compete for them and self-employment is a viable option.
• They are hard to retain. Gen Yers will not hesitate to leave your company if they can do better elsewhere - and they use the Internet to find opportunities.
• They are hard to motivate. Gen Yers demand to be coached, taught, and recognized on the job.