It’s time to figure out who will replace the boomers — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

It’s time to figure out who will replace the boomers

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in HR Management,Human Resources

by Tom Gillaspy

Next year, the number of American workers turning 62 will jump by 30%. That trend will continue for the next 15 years or so.
    Despite what you’ve heard about would-be retirees clinging to their jobs long into their golden years, the average retirement age is 62. That means the boomers are going to start racing into retirement.
    How many employees is your organization going to lose?
    Chances are, you don’t know. Most organizations don't know how old their employees are or when those in their 60s plan to retire. Supervisors may know on a case-by-case basis, but what the organization needs is an overall profile so a mad dash out the door doesn’t catch anyone by surprise.

Supply and demand

If retirement thins your ranks, you could find it’s harder than you think to find replacements. There’s no long line of experienced, highly specialized people waiting to fill the empty seats in your organizatio...(register to read more)

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