As baby boomers begin aging out of the workforce, employers will have millions of jobs to fill. But will they be able to find highly skilled and qualified replacements?
By 2031, all baby boomers will have reached the full retirement age, when they’re eligible to collect full Social Security Benefits, according to the U.S. Census Bureau. While they won’t all leave at once, the next several years will see a tidal wave of older employees exiting the workforce or reducing their work hours, leading 82% of leaders to be concerned about losing this institutional knowledge at their businesses, according to research from education and coaching platform Guild.
