Updated: Jan 23
We’ve known for years that there would be a talent shortage when Baby Boomers started retiring. Lisa Chubinsky’s recent presentation to the Adhesive and Sealant Council’s Annual Conference entitled, Did You Know That 7 Baby Boomers Retire Every Minute? illustrated some of these issues. Most studies show that many of the Boomers plan to work beyond the traditional 65-year mark, and so the assumption had been that this would lessen the impact. But the recent COVID-19 pandemic has changed everything. Not only are Boomers retiring on time, but they’re also retiring early!
Recent numbers are showing that in 2020, more than 3 million Boomers left the workforce. That’s well over 1M retirements than normal.
We’re also starting to see early retirements of the first Gen X’ers, which means that seasoned Chemists, Scientists and Engineers are leaving the workforce much faster than anticipated.
But that’s not all. Boomers had fewer children than previous generations and that trend is continuing with Gen Xers and Millennials. The declining workforce is only one issue that’s putting pressure on companies that hire Chemists, Scientists and Engineers. The other issue is that the US economy is poised to grow significantly over the next several years. A growing economy is wonderful and it’s increasing the demand for more workers.
Plan + Start + GO!™
We’re proud to present New River Search’s Exclusive Succession Planning Guide for Chemicals Companies, the publication you’ve been waiting for.
Download your own copy today! Simply fill out our form to learn more about its contents and the benefits.
Our Commitment to Recruiting Excellence
This fall, New River Search will sponsor a series of complimentary virtual career workshops that will focus on helping STEM professionals excel during the job search and interview processes, as well as career management tips. Some of the topics that we will cover include:
The Downside of Resume Templates
Becoming a Leader When Working from Home
These workshops are tentatively scheduled for the following Thursdays this Fall: October 7 November 4 More info to come, please be sure to mark your calendars!
We specialize in recruiting top talent for the following segments of the Chemicals Industry:
The Jobs We Fill Include:
A Message from Lisa and Howie
We love water and wherever we live, we enjoy the activities that surround the area’s most majestic rivers. Hence the name, New River Search. But that’s not all. We want to take our clients and candidates on a career journey like no other.
We designed our very own On-Demand Recruiting System that produces 3-5 Technical Resumes for your review and on average we fill our placements within 37 Days. Our Time to Fill Ratio far exceeds the industry average of 72-100 to fill STEM jobs.
Do you have a search to discuss? Our goal is to help you with your hiring strategy and make it smooth sailing. We look forward to hearing from you!