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Talent Management – Baby Boomer Brain Drain

Posted on: August 11th, 2015

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Talent Management - Baby Boomer Brain Drain

Guest Blogger:  Molly Greenberg, Community Content Manager | UNC Kenan-Flagler Business School

Talent Management – A Tidal Wave Change is Approaching

Sixty-two percent (62%) of employers at Fortune 1000 companies believe that future baby boomer retirements will result in skilled labor shortages over the next five years. As baby boomers make up 31 percent of all jobs, and own more than four million companies, the likelihood that a significant talent gap will grow is high. Think about this — by 2029, all baby boomers will be 65 or older.

Talent Management – Planning for the (Inevitable) Future

How can companies fill the gap as senior talent leave the workforce? MBA@UNC, UNC Kenan-Flagler’s online MBA degree, identified key facts about the “baby boomer brain drain” to illustrate the impact that baby boomers have on the workforce today — and how this knowledge can be leveraged to better prepare for success in the future after they retire.

MBA@UNC’s in-depth infographic below provides a greater understanding of why senior talent management and HR leaders need to start creating knowledge transfer opportunities now in order to turn the brain drain into a brain trust.

Molly Greenberg

About the Author

Molly Greenberg is the community content manager for MBA@UNC, UNC Kenan-Flagler’s online MBA degree. Molly has a background in journalism, specializing in education technology, education policy, business, and higher education lifestyle coverage.

About MassPay

MassPay provides a cloud-based Human Capital Management (HCM) solution called iSolved, which allows small to mid-sized businesses to utilize technology to streamline their HR, Payroll and Talent Management processes and optimize their workforce. iSolved tracks detailed employee information, administers benefits, calculates work hours and processes payroll, and offers performance management/reviews, onboarding, employee self-service and other capabilities, to keeps businesses efficient, and compliant with ACA and other regulations.

MassPay also offers ASO services to provide businesses with guidance on HR/Payroll issues, including adverse actions, and helps them set strategy for company policies, address compliance issues, and implement best practice hiring, on-boarding, training and performance.

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