Good News for Young Professionals

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Good News for Young Professionals

Fast Company has an article citing a yearlong study conducted by McKinsey & Co. indicating that the most important corporate resource over the next 20 years will be talent. It’s also the resource in shortest supply, which is good news for the job seeker.

McKinsey’s study involved 77 companies and almost 6,000 managers and executives. They noted that in 15 years, there will be 15% fewer Americans in the 35- to 45-year-old range than there are now. At the same time, the demand for bright, talented 35- to 45-year-olds will increase by approximately 25%. In fact, 40% of the corporate officers at the companies studied said that they were NOT able to pursue most of their growth opportunities because they are “talent-constrained.” Where Johnson & Johnson never used to go outside the company to recruit their top-level managers, not they have to go outside as often as 25% of the time.

The upshot of this is that companies are working harder to attract, nurture and retain talent. The more you stand out in your job and show what you can do, the more likely you will surge up the corporate ladder.

Read the full article here: