Sloan Center News
Consider Skilled Retirees, Older Workers to Fill Work-force Shortage
11 October 2008—"Because of concerns about the large-scale retirement of baby boomers, federal human resources managers are boning up on knowledge management science, and particularly methods to transfer the tacit knowledge of older workers to younger ones," writes Frank Burns of Federal Times.com.
"Capturing that knowledge and transferring it to younger workers is difficult. But the challenge is greater: We may not be able to recruit enough young and midcareer employees to fill the void of retiring baby boomers.
"According to research compiled by the Sloan Center on Aging and Work at Boston College, between 2002 and 2012 there will be only a 1% increase in the labor force participation of people aged 20 to 24, a 12% increase in those 25 to 34, 10% increase among those 35 to 44, and a 10% decrease in those 45 to 54."