Baby Boomer Workforce
Workforce Planning Strategies
"Tsunami, tidal wave, the perfect storm: for almost a decade, credible sources have used the language of natural disaster to describe the labor shortage that may slam employers as baby boomers begin to retire en masse, potentially dragging down the gross national product in their undertow."
Gray Skies, Silver Linings
The Conference Board 2007
With 78 million baby boomers reaching retirement age in the next twenty years, organizations will be facing serious labor shortages. Although certain industries are already feeling the impact, the first big wave is expected to hit in 2010.
This baby boomer generation, born from 1946 to 1964, is the largest generation in American history. It is estimated that these boomers are turning 60 at the rate of one every 8 seconds. Denver, CO is the baby boomer capital of America with the highest percentage of baby boomer residents of any U.S. city. One third of residents are boomers, surpassing the national average of 26.8%.
Now is the time to plan for the potential impact of our changing workforce. Retention / recruitment will remain the biggest problem facing Human Resources for decades to come, and future success will depend on the ability of employers to attract the best and the brightest from the many different groups that comprise the workforce.
Strategize with other participants to move from a generalized concern to a concrete plan to take your organization into the future. Highlights include:
- Set up a task force with diverse representation
- Survey employee needs and concerns
- Evaluate existing work models
- Determine effective workplace strategies and flexible policies
- Focus on retention and recruitment
- Consider formal structures for mentorship programs, training, retraining
- Design a process to gather, organize and transfer knowledge and practices
For more information about our programs, please call us at 303-369-8998 or contact us by email.
Madeline Hughes, of the Hughes Consulting Group, is a Career and Organizational Consultant, and Certified Retirement Coach. Combining a strong business background and broad experience in the human development arena, Madeline has assisted individuals and organizations to strategically plan for new directions and change since 1985. Her warm, personal style of communication, combined with natural insight, enables her to inspire and motivate others to achieve personal and professional goals.