Surfing the Silver Tsunami: Addressing Boomer Retirements & Aging in the Workplace
A ‘Generational Shift’ is happening right now in the workforce, ushering HR into the post-Baby Boomer Era. Though this transition has been anticipated for decades, many aspects about it have been overlooked, such as how the underlying norms and values are shifting with it.
To understand the shift, we must first explore the generational spectrum at hand. At the older end, we have Baby Boomers - people born between 1946 and 1964, making them somewhere between 51-69 years old in 2015 - and at the other end we have Millennials - people born between 1981 and 1995 and Gen Z between 1995-2005. In between are the Gen Xers, born between 1965 and 1980. These age ranges vary slightly between who you ask.
For many years, the Boomers have made up most of the workforce. Since many of them are older now, a wave of retirees - known as The Silver Tsunami - have started exiting the workforce.
Since the pandemic, Baby Boomers have dramatically begun leaving the workforce prompting HR leaders to scramble to figure out transition plans.
Learning Objectives:
- Learn how reverse mentoring can develop an aging workforce to the ever-changing trends of technology and globalization.
- Help employees within all generations build a well-lived, joyful career that will increase engagement and retention.
- Learn how “Phased Retirement” can be implemented to help individual’s transition into retirement by gradually reducing their appointment over time.
- Properly offboard retired employees, giving them the ‘red carpet treatment’.
- Develop retirement alumni networks to engage your alumni retired employees in being brand ambassador.
Raymond Lee
Raymond Lee is the Founder and President of Careerminds, a global outplacement company based in Wilmington, Delaware. He has over 20 years of human resource, outplacement, and career consulting experience. Raymond pioneered the concept of virtual outplacement after experiencing years of traditional outplacement in a variety of HR roles. He has his bachelor’s in psychology and holds a Master’s Degree in Industrial/Organizational Psychology from Louisiana Tech University. He sits on the Careerminds Board of Director’s and is active in SHRM, HRPS and ATD. Raymond’s been featured on SiriusXM Business Radio, CareerTalk, and the Wall Street Journal and he’s recently published a book titled, Clocking Out: A Stress Free Guide to Career Transitions.