Will You Have Enough Managers in the Future?
Svenska Dagbladet Näringsliv reports that it is expected to be harder to recruit managers in the future. According to an analysis by Ledarna, a Swedish interest organization for managers, retirements of managers are increasing, at the same time as younger generations are less interested in being promoted to managers. There is not even today a sufficient supply of managers in the labor market, and it is predicted that during the coming decade 126 000 Swedish managers are going to retire.
It is evidently a big challenge to understand what motivates the younger generations and these issues become increasingly important to address as many labor markets are undergoing great transformations. In order to become an employer of choice, one hence needs to deepen the knowledge on what attracts employees in the strategically relevant age groups. imoveri would in addition to the analysis of Ledarna emphasize that labor markets are likely to differ between industries and organizations, and that it is a blunt measure to think of the 'new' and the 'old' generation in a binary way. Instead, 'age groups' should be seen on a more continuous scale and it should be acknowledged that all groups and organizations have great individual variety that needs to be understood.
"With the help of our solution corporations can develop a strategic plan on how and when to undertake the appropriate actions to deal with these issues. Such plans are based on empirical and systematic knowledge about your specific workplace and details exactly what motivates employees to advance in their careers and how you can act to improve the retention of your most valuable future managers", says Rolf Berg, founding partner of imoveri.
The article in Svenska Dagbladet Näringsliv can be found here (in Swedish)