Demographics

  • In the US alone, the next decade is set to see the retirement of some 75 million workers – including 50 per cent of the CEOs of major organizations. The available talent to replace them will need to be picked from the next generation of just 45 million. (Hay Group)
  • 49% of CEOs are concerned that a shortage of qualified workers could limit the growth of their company in the year ahead (PricewaterhouseCoopers, September 2006)
  • 70% of 21 year-old Generation Y Americans are in the workforce. (Hewitt, 2008, Next-Generation Talent Management)
  • In the United States, workers are staying on the job for an average of 15 years beyond age 55. Peter Schwartz, Inevitable Surprises, Gotham Books 2003, reported by Hewitt)
  • 80% of US Boomer workers expect to keep working past age 65. (Paul Temple, "No Retirement for Boomers," Workforce, July 2001, reported by Hewitt)
  • Half of new workers in the United States in the past 10 years were Hispanics. (Brian Grow, "Hispanic Nation", BusinessWeek Online, March 15, 2004, reported by Hewitt)
  • By 2025, close to 40% of US workers will be Hispanic, African American, or Asian American. ("Meeting the Challenges of Tomorrow's Workforce," Supplement to Chief Executive Magazine August/September 2002, reported by Hewitt)
  • By 2015, women will make up 48% of the US workforce. ("Meeting the Challenges of Tomorrow's Workforce," Supplement to Chief Executive Magazine August/September 2002, reported by Hewitt)
  • Today, only 4% of organizations have workers who are age 60 and over. (Hewitt, 2008, Next-Generation Talent Management)
  • By 2010 there will be 168 million skilled jobs in the United States and only 158 million workers capable of performing them, according to US Bureau of Labor Statistics. (RSM McGladery 2009)
  • 54% of workers have five or fewer years of service. (Hewitt, 2008, Next-Generation Talent Management)
  • Manufacturing, electronics and transportation are three-fourths male, while health care is 80% female. (Hewitt, 2008, Next-Generation Talent Management)
  • 60% of organizations don't account for workforce aging in their long term business plans (Dychwald, Erickson and Morrison, It's Time to Retire Retirement Harvard Business Review March 1, 2004, reported by Hewitt)
  • In the United States there will be 10 million more jobs than workers by the year 2010. (Hewitt, 2008, Next-Generation Talent Management)
  • In the United States there will be a demand for more than 30 million new college-educated workers in the next 10 years while only 23 million new US college graduates are expected. (Hewitt, 2008, Next-Generation Talent Management)