5/14/2005

Baby Boomer Brain Drain

"With 75 million baby boomers set to retire in the next few years, corporate America could be in trouble if those workers take their knowledge with them.

Accenture said last week that a poll of 500 full-time workers between 40 and 50 years old reveals that nearly 45 percent work at companies that do not have formal policies in place to capture what they've learned before they retire or leave their current workplaces...

Kathy Battistoni, a partner at Accenture, a management consulting firm, said companies should start putting policies in place or risk losing valuable institutional knowledge."

Read more in Boston Globe Article.