‘war of talents’
‘war for talents’.
means that there
will be a shift of
power. From the
employer to the
The number of babies born have been decreasing for
decades. At the same time, the number of the grey-
haired population is increasing. The single growing
age group are the over 50s and 80-year-olds. We are
transforming into a “Silver Society.”
Obviously, this development has an effect on the
job market as well. At a number of companies
the average age of employees is between 45-50.
According to current prognoses, till 2025 there won’t
be enough people to fill millions of positions at work,
as Baby Boomers will retire and there aren’t simply
enough youngsters to fill up all those places⁶. And
since the talent pool is becoming smaller, recruiting
and retaining young talents will be one of the
greatest challenges of companies in the following
years. Top talents will become a short supply.
6. The impact of aging Baby Boomers on Labor Force Participation. Alicia H. Munnell, Center for Retirement Research at Boston
College. February 2014, No. 14-4 http://bit.ly/BBRetirementBC