By 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.
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 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.