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When Baby Boomers Retire From Work – Productivity May Go Too

When Baby Boomers Retire From Work – Productivity May Go Too

By Susan Williams

There has always been the expectation that when baby boomers retire and begin to leave the workforce there would be a significant economic impact.

As a result of retiring, the idea that baby boomers would then be spending less or the impact they would have on the markets as they begin to withdraw their money are often the areas of focus.

But what about the impact to the productivity of the companies that they leave behind?

Some research┬áhas discovered that when the baby boomers retire, not only does productivity drop given the impact of the workforce reduction – but there is also a productivity hit to the team that they have left behind.

Also Read: The Invisible Value of Experience

Companies are finding that the experience and expertise that is walking out the door is leaving a hole that may be difficult to fill.

Find out more about this situation from the following video from the Wall Street Journal;

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Susan Williams is the Founder of Booming Encore. Being a Boomer herself, Susan loves to discover and share ways to live life to the fullest. She shares her experiences, observations and opinions on living life after 50 and tries to embrace Booming Encore's philosophy of making sure every day matters.