Boomer Brain Drain

Posted On April 17, 2012

The retirement, or pending retirement, of thousands of Baby Boomers a day (10,000 turn 65 each day for the next couple of decades) is leaving employers with some difficult holes to fill. While there might be plenty of applicants for new job openings, the experience and job skills that Boomers are taking with them into the sunset will be difficult to replace.

According to the AARP, 72% of HR professionals surveyed report that they will have a problem replacing the skill, knowledge, and experience of Boomers retiring from their organizations. As a result, many are doing more cross-training of younger workers (45%) or doing more succession planning (30%). They’re also trying to retain Boomers’ institutional memory by offering part-time (24%) or flexible (27%) positions that will keep them around.

Categories: Baby Boomers, Generations, Work, Workplace