Tag Archives: generations in the workplace

The Boomer Exodus & Millenial Explosion: 5 Strategies to Successfully Manage this Generational Transition

Mixed group business people

We are in the midst of huge demographic changes. Boomers are reaching retirement age at record rates.  Millennials will soon be the largest generation in the workforce. Many organizations today have a small window in which to pass on essential knowledge and evolve into the type of organization that is conducive to hiring and keeping a younger generation of top talent.

Here are some strategies that will help your organization to successfully manage this transition:

  1. Have career development discussions. It is essential to find out when your older employees are thinking about retiring and garner suggestions about how to best pass on their knowledge.       Discussions with younger employees is also imperative, as  younger employees are much more likely to stay at their current job if they have opportunities for career development.
  2. Determine which of your employees have the skills, motivation and interest level required to fill positions vacated by your retirees.   It can be extremely useful to develop benchmarks for the positions being vacated so that you can assess which of your current employees are able to fill positions that will soon be vacated. Then, assess current employees who you think could be qualified for these positions.
  3. Develop mentoring programs. Older workers tend to be motivated by having opportunities to pass on their knowledge. Younger workers enjoy the career development opportunities they gain as mentees while also learning critical skills needed to prepare for advancement.
  4. Create flexible work schedules. Many older workers either don’t want to retire full time or cannot afford to retire full time. Organizations can reap the benefits of their experience by creating part-time, on-call or consultant opportunities. Flexible work schedules are a highly effective way to retain employees from all of the generations as this provides them with a greater ability to manage work and family responsibilities.
  5. Move toward a collaborative organizational culture. Younger employees typically desire a flatter, more collaborative organization. In order to keep top young talent, it will be imperative to identify changes that need to be made in your organization to successfully create a collaborative organizational culture.

By implementing these strategies, you can prevent the potential loss of critical knowledge during the Boomer exodus, and can make sure you have successors in place to ensure your organization will grow and thrive.

Alisa Blum & Associates provides customized training programs, assessments, consultations, coaching and conference presentations to help organizations successfully work across generations.  You may contact Alisa for a complimentary consultation at alisa@developtopemployees.com or (503) 481-7586.

© 2018, Alisa Blum, Alisa Blum & Associates, www.developtopemployees.com