It’s hard to miss all the cries of fear about the coming brain drain. The boomers are going to retire, and if you listen to most workplace consultants, there’s going to be no one left in the halls of Corporate America to run the store. Those Gen Xers among us keep waiting for this golden career opportunity to suddenly materialize—plenty of challenging jobs! room to move!—but then keep wondering why we watch so many of our peers get laid off.
If you are a believer that the brain drain is coming—and few argue it won’t have at least some effects—you may want to take a read of this new report out by job search company Monster. It highlights a few startling statistics:
>>Only 12 percent of human resource managers report knowledge retention as a high priority within their organizations, despite the fact that one-third estimate 20 percent or more of their current workforce will be eligible for retirement over the next several years.
>>Only 23 percent of firms report having a formal method to identify the knowledge that needs to be protected and retained.
>>43 percent of respondents cite the ability to measure the ROI and effectiveness of a knowledge retention program as a chief stumbling block to implementing a formal strategy.
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