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Minnesota State will be retiring CAREERwise, LMIwise, and MyMnCareers.
The sites will remain available until July 1, 2024.
Read our announcement and find helpful resources.
Employer Quotes
The quotes below are from employers in this industry: Financial Services
They are talking about this topic: Workforce Trends & Challenges
The quotes below are about this issue:
Employers speak of the aging workforce, expressing concern about succession planning in the banking industry. Employers are open to hiring retired workers seeking a career change and more flexible hours.
| "We have a lot of older people in our profession who are about to retire. It's a huge issue. We're seeing it in all our competitors, too. And I think the CPA profession has done studies and there's this huge gap that's coming. There's no doubt about it. It's going to cause a lot of consolidation among some of the smaller players because some of the smaller firms haven't planned very well for this transition. And they have no one underneath them to take over the firms and follow the traditional model where someone takes over the retiring partners. It's a big concern." | Metro |
| "Employer 1: The other thing that I've had conversations about is the natural demographics; many people are getting ready to retire. But retirement was largely delayed by the economic meltdown, and so now—with the recovery—the issue of employees retiring is amplified. And it's a workforce issue for the state. Employer 2: It is. And if you add to that—for this profession—how we're losing those people in the middle, it means weren't not prepared with a feeder system for more senior positions." |
Metro |
| "One thing I do hear about is succession planning and the aging workforce throughout Minnesota and in our banks. So, it's planning for the future." | Metro |