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Archive for August 11th, 2008

A Senseless Tragedy

The recent murder at the Olympics hit home for me this past weekend.  The family is from my hometown of Lakeville, MN.  I was in Lakeville this weekend for my 20th anniversary high school class reunion.  Needless to say, this tragedy was the topic of the weekend.

I think most people are aware of the story, but you can get the details here.

Suffice to say, I am still stunned by the senselessness of it all.

A Candidate Shortage

CNNMoney.com reports on a specific area that is experiencing a hiring problem – lack of candidates:

Despite the slump at lowlier levels of the job market, there’s currently a war for senior management talent. In fact, 70% of executive recruiters surveyed by networking organization ExecuNet (www.execunet.com), say there’s a shortage of people who can step in and run things.

We’ve seen this shortage first-hand in the sales arena.  Strong sales leaders are in demand right now, especially in one corporate segment (emphasis mine):

Companies doing the most executive hiring aren’t necessarily the biggest, the ExecuNet study found. Employers with revenues between $51 million and $200 million are expanding their senior-level management teams by almost 30% this year, for instance. By contrast, companies with sales of $1 billion or more plan to hire only 12% more executives.

I wonder how much of this shortage is due to the numbers of baby boomers moving out of the workforce and the lack suitably-experienced Gen X managers to replace them.