The Net Gen meets a recession November 9, 2008
Posted by Dan Herman in Current Events, Demographics, Management.Tags: Demographics, Economics, Management, Recession
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“The swooning economy has also poured a cold shower on many Generation Yers, who grew up coddled, courted and figuring they’d have an easy career ride.”
There’s no doubt that the short-term job market prospects for anyone looking for a career change have been disrupted by the last six months of economic upheaval. We’ve gone from touting the war for talent to focusing on the impacts of delayed retirement and decimated pension funds on the workplace.
As a recent McKinsey report notes, “Eighty-five percent of the boomers we surveyed said that it was at least somewhat likely that they would continue to work beyond the traditional retirement age. Nearly 40 percent said that it was extremely likely, and of those, two-thirds emphasized financial reasons.”
