It is official – by 2029 all baby boomers will be 65 years or older, causing the largest occurrence of Brain Drain the US workforce will have ever seen. In order to ease the brain drain pain and fill future leadership gaps, businesses across the country must be prepared to actively facilitate programs that encourage baby boomers to transfer their skills to millennials as they begin to take over the workforce.
By knowing the facts and having a set plan, businesses who are expecting a large turnover of baby boomers in the future can properly prepare to beat brain drain. With the help of MBA@UNC, the online MBA from UNC-Chapel Hill, businesses can readily understand what brain drain is and how it happens, the impact aging baby boomers have on the workforce, and ways to avoid brain drain downfall at their company.”