Impact analysis
If the realization hasn't hit employers yet, then, put bluntly, they've had their heads in the sand, eyes shut and are in denial. The days of fueling economic growth by throwing more workers into the workplace are gone. There isn't enough talent, and, more to the point, there won't be enough talent for decades.
For boomers, this is actually not a time to think about withdrawing. Quite the contrary; it is a time to create, to mentor, to lead and to serve. Employers can watch as their "wisdom workers" walk out the door or they can partner with the boomers and participate in the reinvention of the workplace. And, since 75% of boomers will be healthy enough to continue working into their 70s, this is really the only smart and profitable choice.
Strategic and savvy employers understand the composition of their multi-generational workforces; they understand that in order to grow and effectively execute on their business objectives, they must tap into all the strengths and all the wisdom of those employees, whether new, tenured, transitioning or otherwise.
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Wisdom Worker Solutions will work with your company executives, human resource professionals, administrative officers or other designees who have the responsibility to maintain a productive workforce.
Our consultants will provide tools and processes to assist your organization in understanding the generational makeup of your workforce. With knowledge of the composition of your talent pool, we can aid you in identifying the potential impacts to the company of the impending transition of your baby boomers into retirement. Our analysis could reassure you that you are adequately prepared for your workforce to make a smooth transition or we may unearth issues that might not yet be an operational priority.
Once clear, Wisdom Worker Solutions consultants can support management in creating industry-specific business solutions to minimize negative impacts, take advantage of business opportunities created by the transition or confirm that current programs and practices are resilient to the coming shift.
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- Workforce Composition — learn the generational makeup of your workforce, identify the potential cost of the loss of baby boomers using our Wisdom Worker Solutions calculator, and understand the potential impacts to productivity and profitability should boomer employees retire without a transition plan.
- Attrition Analysis — examine your workforce individual-by-individual to understand the pace that the organization could lose knowledge, skills and abilities as employees make decisions to retire or transition from their current positions.
- Business Case Creation — identify which business solutions address your company’s strategic priorities and build a compelling business case for action.
Please contact us us for more information.
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