Telecom Workers are Aging
Telecom Workers Are Getting Old, No One's Replacing Them
Telecommunications employees are aging and that could jeopardize the sector's future, according to research firm Janco Associates.
"We feel that there are too few younger employees with sufficient experience to fill the required leadership positions that will be needed when the employment market turns around," said Janco Associates CEO Victor Janulaitis.
Janco Associates reached its conclusions after analyzing recent government and other data.
The problem, the firm said, is that companies often eliminate newer and less-experienced employees when they encounter tough times such as the ongoing recession. The remaining workers generally are older and retirement isn't far away for them.
"In the long run, this could be a problem as the economy turns around," Janulaitis said.
In a press release Janco Associates said:
The latest analysis of BLS data by Janco Associates and shows that employees in telecommunications are an aging population. The CEO of Janco Associates Victor Janulaitis said, “We have seen a general aging of telecommunication workforce in many IT organizations. Aside from entry positions we have find that many of the managers and directors in telecommunication tend to be older and have fewer staff.” He added, “Telecommunications Workforce is aging and we feel that there are too few younger employees with sufficient experience to fill the required leadership positions that will be needed when the employment market turns around.”
Janco has seen that as companies cut back the first thing they typically do is eliminate newer less experienced employees, then they cut back the middle layers of experience, and retain only the employees with the longest seniority and experience set. This is exactly what has happened in the telecommunications market for IT Pros.
During the recession companies have continued to reduce the size of the workforce in telecommunication roles. This has resulted in fewer employees and those remaining tend to be older and more experienced. The CEO of Janco added, “That is not an issue today. However, in the long run this could be a problem as the economy turns around.
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