CareyNieuwhof.com | 1/27/2020 | Staff
jollyjettajollyjetta (Posted by) Level 3
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So, like all leaders, you’re trying to build your team—to hire great people and build a strong team for the future.

Why does it seem so hard to find great people these days?

Leader - Teams - Decades - Struggle

As a leader who’s been building teams for a few decades now, I understand the struggle.

Finding people is one thing. Finding great people is quite another. Talented people with skills, energy and character are the kind of people who build great organizations.

Hires - Mistake

Making poor hires is a more costly mistake than you might think.

Some studies put the cost of employee turnover, with conservative estimates of $50,000 every time you have to replace an employee because you either terminated them or they left. That’s expensive.

Person - Environment - Whoever - Hope

Better to hire a great person and create an environment they love than settle for hiring whoever and hope they work out.

So—back to the original question—why are great people so hard to find?

Workplace - Culture - Reasons - People

Well, in a changing workplace and culture, here are 8 reasons you might find yourself searching longer and harder for great people than ever.

After all, it helps to know what you’re up against. Diagnosing the problem is the first step to solving the problem.

Imagination - War

It’s not just your imagination. There actually is a talent war going on.

A few things are fueling this.

Unemployment - Rate - Economy - Result - People

First, with the unemployment rate profoundly low, it’s a full-employment economy. As a result, people looking for work can find it.

Second, there are generational shifts happening. With Baby Boomers leaving the workforce rapidly and Gen X not far behind, Millennials are by some estimates now 50% of the workforce. By 2025, Millennials will be 75% of the workforce.

Third - Shortage - Colleges - Graduates - Needs

Third, there appears to be a skill shortage. Colleges just aren’t pumping out qualified graduates fast enough to meet the needs of the market. Just ask any talented computer engineer, who likely gets multiples job offers a month.

(Excerpt) Read more at: CareyNieuwhof.com
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