Talent management in the era of the aging workforce: The critical role of knowledge transfer

Abstract

Organizations have been confronting many of the demographic changes occurring in the workforce, such as increasing racial and ethnic diversity along with greater numbers of women workers. The workforce is also rapidly aging, though his demographic shift is only beginning to be addressed by many organizations as a strategic and competitive challenge. As the baby boom generation transitions into retirement, organizations must plan for the replacement of this large and knowledgeable cohort of workers. This article addresses the particular risks and challenges that organizations face in ensuring the transfer of the valuable knowledge that older workers possess before they retire.