In the next five years over 60 million US workers will be eligible to retire and with them, a tremendous assemblage of enterprise knowledge. On the flip side, during that same time frame, over 40 million new workers will enter the US workforce. Today’s high school seniors will be the core of this new Generation Y or Echo Boomer labor pool.
Two key factors will affect the success of any organization during this time. First, how do organizations efficiently attract, retain and leverage this new generation of workers. And second, how organizations will execute the largest knowledge transfer in history.