The Silver Tsunami: A wave of Boomer retirements is coming. How should your business prepare?

A wave of your most experienced, talented workers could soon be leaving your business. More than 100,000 Iowans are likely to retire within the next five years. Meanwhile, a record number of older workers, are indicating they aren’t ready for retirement and are staying in the workforce longer than ever before. In fact, more than 72,000 Iowa workers are over the age of 64, and one-third of the U.S. labor force is now 50 or older, compared with 27 percent in 2007. So, business leaders are faced with the unique dueling challenge of preparing for skills and institutional knowledge shortages as many older workers retire, while at the same time managing an age-diverse workforce that now consists of four generations. Couple that with the reality that the state faces a talent shortage across the board, and the reality is business leaders can’t sit back and wait for the wave to hit, but instead should be making a proactive plan to manage transitions and help mitigate the potential loss of talent. Join us for an enlightening discussion with our workforce experts, who will help discuss the challenges facing Iowa workplaces, talk about possible solutions and offer ways your business can prepare, and even capitalize on the Silver Tsunami.


Panelists:

Joel Duncan,
CEO, Aureon HR

 
 

Lance Noe
director, Drake University Center for Professional Studies  

Kent Sovern
Iowa state director, AARP Iowa  


Questions:

What are the innovative best practices businesses are utilizing to tackle the challenge?

How do you, legally, take stock and evaluate the potential for retirements in your business?

How do you manage boomers staying on longer, potentially blocking new leaders?

Are there ways to capitalize on retiring boomer talent to fill your workforce needs?

What strategies should your company be considering to accommodate existing older workers?

How do you ensure the company retains its institutional knowledge during mass transitions?

With four generations in the workforce, what conflicts can arise, and how can they be managed?

 

 


UPCOMING: Wednesday, October 19

Hilton Garden Inn, Urbandale
7 AM Registration & Networking
7:30 - 9 AM Program

CEO Roundtable: Advice and insight on business community challenges from Des Moines’ top business minds.