Tag Archives: macro-succession crisis

Macro-succession crisis grows fangs

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I’ve written here on two or three occasions about the looming macro-succession crisis threatening American business. Well, my colleague Whytawk over at Scholars & Rogues has a great post this morning on the dynamics shaping our emerging recession, and in it he put some teeth in the retiring Boomer piece of the macro-succession puzzle. If I’m a staffing leader at a company that relies on its ability to attract and retain talented people I just got extremely nervous.

At the same time the US has not reformed either of Social Security or Medicare and fully 76 million people out of the total 150 million of the US employment base are due to retire over the next 10 years as the Baby Boomers hit 65. [emphasis added]

Yow. Continue reading →

New report notices that Boomers are retiring; offers band-aid for sucking chest wound…

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Lately I’ve been talking a lot about the looming macro-succession crisis, and it’s felt like I’m the only one who sees the issue coming. This morning, though, a MediaPost item addressing a piece of the issue came across the desk, and while it’s only partially aware of the whole problem and the solution it points to is a half-measure at best, it’s at least nice to see a little validation on the subject.

Thursday July 12, 2007
Retiring Boomers Important in Hand-off to Younger Employees

A recent survey of 28,000 employers in 25 countries, by Manpower, revealed that only 21 percent have implemented retention strategies to keep their senior employees participating in the workforce. Continue reading →