The Talent Cliff of Doom!

If you have never heard of the “talent cliff” is a term used to describe a phenomenon that can occur in a workforce where a significant portion of the most skilled and experienced employees are nearing retirement age, and there is a lack of adequately trained or experienced workers to replace them. This can create a gap in knowledge and skills that can negatively impact the productivity and competitiveness of an organization. Also, this can happen at any new business that starts up and gets running and then becomes very successful; often the company and outgrow the talent they have and if the organization doesn’t keep up with the talent to meet the needs of the customer than you can also hit this talent cliff. With all that said - this is not a new phenomenon and organizations have been dealing with this for decades, but with the rapid changes in technology, some industries are facing a more severe talent cliff than others.

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