At Knowledge Infusion one of our main goals is to continue to transform the HCM and Talent Management community to be prepared for a continually changing workforce and everchanging economy.  One of our friends and futurist, Jim Carroll has an interesting article in CA magazine that we had to link to today.

Jim does a great job in this article coining a phrase "Gen-Connect", a phrase I believe is perfect for the upcoming entrants into the workforce and will be a true challenge for HR and Talent Management vendors to step up their game and embed collaborative technologies into their solutions.

Jim points out some very interesting statistics that are very important for any organization doing anything with talent management strategy today.

• More than 50% of US graduates believe self-employment is more secure than a full-time job.

• Nine out of 10 Gen Y staff within a customer-service-focused industry indicated that they planned on
             leaving their current position within two years.

• By 2010, 60% of US engineers will be contingent workers, i.e., contract workers or self-employed.

• In 2010, three people will leave the workforce for every person who enters it; by 2012, four will leave.
             By 2016, six people will leave for every new worker that joins.

• An Irish survey indicates 67% of people are already looking for a new job on their first day on a new
             job.

These statistics once again are not meant to scare, but to make sure you are ready.  This is like Y2K or as Knowledge Infusion has coined "Y2K+10" - The Upcoming Talent Tsunami.

I love Jim's quote:

“Organizations that can

attract, engage, retain and +amuse +an increasingly complex workforce will be the ones who find success in the

rapidly evolving global economy.”

As an HR function, are you prepared to amuse since this is what this generation of worker will be looking for?  Hmmm.  Can you say Social Networking?

Take a read of Jim's article and be sure to include it in the thinking behind your early 08 strategy planning as we do everyday.

Another infusion of knowledge...

Link to Jim Carroll's article in CA magazine