Plugging the boomer drain: can your organization stay afloat during the talent crisis? Here are challenges and solutions to consider as baby boomers jump ship.(Strategic Planning)

HRMagazine,  December, 2007  by Gully, Stanley M.; Phillips, Jean M.; Pomerantz, Mary

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By 2020, 16 percent of the U.S. population will be age 65 and over, up from 12 percent in 1999. According to the U.S. Bureau of Labor Statistics, 50 percent of federal employees and 70 percent of federal senior managers will be eligible to retire by 2010.

Yet leaders of many organizations ignore aging workforce issues despite the potential problems they see coming, and some damage seems likely to occur before the issues receive appropriate attention.

We identified three challenges for employers posed by baby boomers' imminent retirement eligibility by drawing from our own ...

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