Manage Work Forces During the Labor Shortage

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Executive Summary

Recent studies warn that the U.S. economy might soon experience widespread job vacancies that can't be filled due to a shortfall of workers. Do these arguments have merit, and if so, what are the implications for HR managers? The demographic phenomenon behind these predictions is the "Baby bust" cohort, the age group just behind the baby boomers. This group is roughly 16% smaller than the baby boom, and the assumption is that this smaller cohort will not be able to staff all the jobs now filled by the baby boomers. In fact, the baby bust cohort has been in the labor force for some time.