So what? That’s the sentiment more than 2,500 senior HR and training executives are showing about the loss of talent due to boomer retirement.
Novations Group, a global consulting organization based in Boston, reports “organizations don’t seem to be losing sleep because of boomer retirements.”
“Just one-quarter of organizations report taking any steps to alleviate an anticipated loss of talent,” says Novations consultant Lindsey Schantz.
Thirty-six percent of respondents to the group’s study say they don’t expect an unusually large loss of talent with baby boomer retirements. Twenty-six percent say they are taking steps to mitigate that loss of talent, including creating ways for boomers to reduce their hours.
However, Schantz finds the news unsettling.
“At a time of widespread worry among HR professionals about the pending retirement of baby boomers, it’s disturbing that so many organizations are either undecided or unaware of the need to stem a loss of institutional knowledge,” she says. “If boomers feel less engaged or less included as they begin to eye their retirement, it is likely to affect their performance long before they actually depart.”