New Fusion Applications a “No PeopleTools” zone
Recently, Floyd Teter, a long time Oracle evangelist, received a close-up look at the new Fusion Applications suite.>> Fusion is real; Not vaporware anymore and Not based on PeopleTools technologies. What effect will this news have on the career plans of younger workers?
The coming brain drain
Many researchers continue to predict a coming shortage of talent and knowledge. It is becoming increasingly clear that Corporate America faces a Brain Drain>> The PeopleSoft industry is certainly not immune and, in fact, may be more susceptible to this trend.
Many experts are predicting a shortage of 10 million workers by the year 2010. By 2014, nearly 20 percent of the workforce will be comprised of people age 65+. This increase will make mature workers the faster-growing workforce segment, according to the US Bureau of Labor Statistics.
Where does your organization’s knowledge base reside? Is it largely in that portion of your workforce that is seriously considering retirement?
More significant than the talent shortage is the looming “brain drain.”
“Few companies have solved the knowledge-transfer problem,” says Mrs. l.
Retaining older workers, even part-time, gives them the opportunity to teach younger workers what they know. Mentoring and action-learning teams are techniques that have helped some organizations succeed in transferring knowledge.