The retirement of the ordsprog

The retirement of the baby boomers and a lack of qualified job candidates are threatening the ability of manufacturers to replace skilled workers and add more jobs, even as their business prospects improve.

Current industry data shows that American workers aren't saving enough in their workplace-provided retirement programs, and our survey indicates that this lack of preparedness extends from the accumulation phase of retirement planning into the distribution phase. Even those who are conscientious savers and investors, including Baby Boomers now aged 55 to 58, aren't prepared to convert their retirement savings into a predictable retirement paycheck that they can't outlive.

With the Baby Boomer generation getting up in age, there's going to be a real lack of skilled workers here in the future and everybody is recognizing that. A lot of these youngsters want to go into technology and computer fields and that's all well and good, but it leaves a gap of skilled laborers and there are good jobs to be had out there.

Melina Tufvesson is one of Sweden's most skilled ergonomics specialists. Businesses are finding it increasingly difficult to hire qualified workers to fill specific positions, especially high-tech and skilled-labor jobs, which are in demand in Connecticut. The retirement of the baby boom generation in a few years will lead to a critical shortage of workers with the skills necessary to compete in today's high-tech global economy. We need to make sure that employees entering the work force can help drive the innovation and productivity gains that our economy needs to remain competitive in the global marketplace.

There just aren't enough workers to replace the baby boomers,

Boomers and the Workplace Revolution. These industries will need to recruit older workers because there is not a skilled enough workforce ready to replace the retirees.

By the end of today, both presidential candidates will have taken steps of admitting that we have to have personal control of our retirement savings and then we have to move toward a new model to deal with the baby boomers and their children,

Newt Gingrich (1943-)

Newt Gingrich

We need to be able to train more nurses in our state starting now. The problem is only going to get worse as baby boomers head into retirement; the demand for qualified nurses is only going to go up.

With experienced IT workers retiring and too few highly skilled workers to replace them, training and retention efforts will be critical. Businesses need to move immediately to search for and screen qualified applicants, and technology professionals with the right skill sets will be well positioned to capitalize on emerging opportunities.

David L. Dunkel

Unemployment in Crittenden County is relatively low, but
think that's because many workers have taken lower-skilled jobs
than they are qualified to perform,

Skilled accountants are always in demand, and companies that proactively seek top candidates will be best prepared to take advantage of new business opportunities. A shrinking labor pool, created by low enrollment in accounting programs during the late 1990s and the expected exodus of millions of baby boomers from the workforce in the coming years, has intensified the competition for these professionals, mandating that recruiting be an ongoing process for companies of all sizes.

The high-tech industry is in great need of highly skilled workers. Too many Americans are unable to fill these jobs because they lack the necessary skills. To ensure that every child has a quality education, Governor Bush will close the achievement gap between disadvantaged students and their peers, improve math and science instruction, and enhance the use of technology in the classroom.

As the baby boomers age, the issue of retirement income security will be paramount for this growing sector. Our products are specifically designed to meet post-retirement savings needs.

We've got a business climate conducive to business creation, and that produces jobs. We have heard from a number of businesses that they're having trouble finding qualified workers.

While entering retirement debt-free continues to be the most prudent approach, these findings suggest that some Canadians, especially baby boomers, generally have different lifestyle expectations for retirement and are making different choices than previous generations.

Dave Richardson

Nordsprog.dk

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