Upcoming HR Trend: Retirement of Baby Boomers
I watched a recent news item by CBC Canada on the upcoming retirement tsunami of the Baby Boomer Generation (1946-1964). May or may not be good news for generations X and Y.
The experts referenced noted that many companies are replacing full-time positions vacated by Boomers with temporary positions or contract jobs
. Apparently, many employers are also eliminating these vacated jobs.
We have been discussing this issue for the last 1-2 decades and perhaps this issue is not a real issue. Is the retirement of the Baby Boomers a real issue and are companies or subsequent generations really concerned? If the retirement tsunami actually occurs, what should companies do if and when the recruitment of skilled talent becomes significantly more competitive? And what happens when unskilled people cannot get these jobs.