This is the Arctic Coach podcast with Severin Sonsan, and an episode that explores

hiring talents in an age of scarcity like we have now, who are alternatively

navigating the silver tsunami and the automation imperative. The session was

recorded on January 1st, 2022. You are listening to Severin Sonsan, executive

coach and curator of the Arctic Coach podcast, where we explore excellence and

the art and science of executive coaching. This episode is about hiring talent

when there is a shortage of talent and many buyers of talent where labor

bargaining power is searching and prices for talent is increasing. What are

businesses to do? How can executive coaches reframe the problem of hiring talent

to address a larger systemic issue in need? What is that larger need? What we're

experiencing today is something much greater than a temporary talent shortage.

COVID has accelerated the pace of the forecasters to silver tsunami. The age when

baby boomers would withdraw from the workforce. The way was expected to

crash around 2028 and COVID-19 has brought that date and need forward.

Baby boomer retirements are significantly impacting the current and future

economy. In 2014, Harry Dent, an economic forecaster, wrote a powerful book

called the demographic cliff that described how the big 20s the US would

experience a seismic demographic cliff of older generations retiring and fewer

individuals from younger generations entering the workforce. This past year

in 2021, Ron Hedrick and his colleagues picked up this same theme and described

how COVID-19 has exacerbated the demographic effects in the workplace,

highlighting a projected growing problem for the American workforce, something

...