Today's scarcity of qualified workers will only get worse, and companies will have greater staffing difficulties by 2005, according to a survey of more than 400 top U.S. executives by Deloitte & Touche.
Attracting and retaining qualified staff is one of the four challenges executives most frequently predict their companies will face in 2005. The other three are: increasing competition; keeping pace with technological advances; and globalization.
Among the findings: 51% of respondents forecast employees will retire at an older age in 2005 than today, edging out the 38% who think people will retire earlier than today.
California Public Employees' Retirement System, Sacramento, selected The RREEF Funds; Burnham Pacific Properties; Clarion Madison Retail; and Westmark/Terranomics Development Retail Venture as finalists in its search for managers of the fund's $250 million in nonregional retail mall properties.
Interviews are being scheduled with the firms in early May, and commitments to hire one or more of the firms could be made then.
CalPERS has $140 billion in total assets.