Preparing for the Retirement Boom
The “silver tsunami” is coming. The baby boomer generation is beginning to hit retirement age, and companies must prepare for what could be a major exodus. The US Bureau of Labor Statistics reports that as many as one out of ten workers will retire either this year or the next. Losing 10 percent of its employees can hit a company incredibly hard if it’s not prepared. Just how does a business brace for the loss of so many workers? Will There Be a Tsunami – Or Just Waves? The first thing to realize about the upcoming retirement boom is that it may not be