Human Resources: How to Reverse the Loss of Experienced Talent
According to the U.S. Bureau of Labor Statistics, America’s 76 million baby boomers last year began to reach age 60 at a rate of one every seven seconds. Thirty-five million boomers will retire between 2000 and 2020, and in the decade after that, another 23 million will join them.
If you haven’t already noticed this trend in your own organization, get ready: A good portion of your workforce will be leaving in the next two to 10 years, and they’ll be taking their years of experience and hard-earned talent with them. As a consequence, you’ll going to have a hard time meeting your customers’ needs unless you have a plan in place and are operating now.