Competency Management

In today’s economy, companies are facing increased competition for not only their products and services but also for the backbone of their organizations—their workforce. Competition for talent is now reaching across regions, national boundaries and industries.

In the coming years, this problem will only worsen as the baby boomer generation reaches retirement age and leaves the workplace. Many companies will find between 35 and 60 percent of their executives, middle managers and key experienced employees retiring, leaving a vacuum of experience in their wake.

This is one of the biggest staffing challenges companies have faced in decades—how to fill the void left by the baby boomers in a marketplace where talent is hard to find and even harder to keep

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