Monday, November 13, 2006

Workplace Statistics from the "Perfect Labor Storm"


"The Perfect Labor Storm" website provides information and statistics for workforce trends, demographics, and forecats about the projected U.S. labor shortage. They offer 642 facts about this shortage. Here are a few of these facts and a link to the entire list:

Fact #5
The 50 and older population from 2000-2050 will grow at a rate 68 times faster than the rate of growth for the total population
Source: Beyond Workforce 2020, Hudson Institute

Fact #6
One-fifth of this country's large, established companies will be losing 40 percent or more of their top- level talent in the next five years.
Source: Development Dimensions International

Fact #27
45 percent of workers want to change jobs at least every three to five years, up from 26 percent in 1999.

Fact #41
By 2010 we will have 167,754,000 skilled jobs to fill in the United States alone.

Fact #42
By 2010 we will have only 157,721,000 people in the workforce to fill those jobs.

Fact #103
The cost of replacing a senior executive averages two to five times his or her annual salary.
Source: Training and Development, February 2004

Fact #166
For dual career couples with kids under 18, the combined work hours grew from 81 a week in 1977 to 91 in 2002. Source: Families and Work Institute

The Perfect Labor Storm Facts. [perfectlaborstorm.com]

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