I read an interesting article over at InventionMachineBlog about a trend we’re seeing as our workforce ages. Did you know that half of our workforce today is eligible for retirement in the next 18 months?
The Bureau of Labor Statistics says as our US labor force grows older, our percent of 55+ workers will be four times that of the overall labor force.
I see this happening in the corporations of many of our Innovationedge clients and certainly in many of our Fortune 500 companies. It’s projected to be the largest generational turnover we’ve ever seen in our job force.But hopefully those companies are heeding the statistics and making sure their retiring Baby boomers aren’t taking their years of knowledge and subject matter expertise with them.
What does this mean for companies continuing their focus on growth and innovation? How is your company retaining knowledge and capturing best practices for future generations?
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