“Why Young Companies Worry About Old Boomers Retiring.”

When the biggest part of the population is age 57 there is some retirement. When the biggest part of the population is age 60, you get a lot more retirement and so on. Older people retire at a faster rate than younger people. Boomers have been retiring for years but it’s speeding up because they’re betting older and older. Boomers are turning 65 in 2011.

So how does this affect a young company with a bunch of young starry eyed, ambitious people running it? Eg., Software startups, or even young construction companies or trades. Well, here’s how it’s going to hurt all of us.
When Hydro retires 1000 boomers, it fills those slots with people that normally would have been intereste more. Now people are going to public sector, crown corps, and multinationals who will pay whatever they have to to attract them.

They project manager that you would have hired at $70k is now working for BC Hydro at $110k. The HVAC tech you want to hire at $65k is working for BC Housing at $90k. Same story all the way down the food chain. Software developer, HR manager, electrician, forklift driver, are all being seduced by the big players, (crown, public, and multinational), who will pay whatever they have to fill the vacancies left by their retiring boomers.

The CMA (Canadian Marketing Association) quotes a StatsCan report that suggests future economic growth may have to depend less on employme reased productivity, which makes a lot of sense. Private sector managers are not going to slow down, they will work around whatever barriers present themselves.

In January we’re doing our most powerful productivity module. "The Nine Big Management Ideas That Increase Productivity." It is the most important seminar any manager can participate in. It will change your people, their productivity, and give you back control over your own life as a manager.

See you breakfast,
Wolfgang

P.s. January 19th, Vancouver Museum, (big crab/ Planetarium), at Kit’s beach. Reserve now as we will be full. Subject: “The Nine Big Management Ideas that Change he same people produce 30% more, - what happened? A leadership platform to take your company into 2011.
p.s. If you spend a lot of time managing, - you're doing it wrong.
p.s. “Do, or do not. There is no try.” - Yoda