"As of January 1, 2011, the first Baby Boomer, those born between 1946 and 1964, turned 65, and approximately 10,000 more will continue to do so every day for the next 20 years."
| Jodi Chavez, Strategic Finance magazine, February 2011
There have been warnings for years about the unprecedented loss of knowledge and expertise that will occur when the baby boomers retire, which could have a catastrophic effect on businesses.
WHY? Most companies don't understand the most effective and efficient ways to "transfer knowledge" from one employee to another – or even how to begin a project of this magnitude.
Between 2008 and 2025, 29% of the US workforce reach retirement age. Because of this significant demographic shift, the potential for critical knowledge loss in the workplace is significant and gaining momentum. The slow economy is resulting in many Boomers working past the traditional retirement age. But as the economy stabilizes, retirements will be at a critical mass. And businesses are also consistently plagued by job hoppers looking for greener pastures.
What is the cost of the lost knowledge and expertise?
Unique Business Solutions helps businesses safeguard their most valuable asset – the knowledge your employees possess. Like backing up the information on your computer, this is another form of backup – but for the intellectual property of your company!