SelectMinds RetireeConnect™
Tap into the largest, most experienced workforce in recent history
Approximately every 7 seconds in America this year, a Boomer turns 60.
— Ernst & Young, ‘The Aging of the US Workforce’
By 2010, 64 million workers – 40% of the U.S. workforce – will be poised for retirement, according to The Conference Board. Ernst & Young, in ‘The Aging of the US Workforce,’ observes, “Because of the relative size of their group, as the Baby Boomers age, they will have a disproportionate impact on the overall age distribution of the nation’s population in general and its workforce in particular. Baby Boomers currently represent nearly one-half of the US workforce. This is slightly more than the combined number of workers from the two succeeding generations [GenX and GenY].”
This significant workforce shift may result in a severe labor shortage or, alternatively, an opportunity to tap into the largest, most experienced labor pool in recent history.
SelectMinds RetireeConnect helps your organization leverage the knowledge, energy, and commitment of this significant group to bring you:
- A just-in-time talent pool. 70 percent of baby-boomers plan to work into their retirement years or never retire at all. Providing access to flexible career opportunities within your organization through RetireeConnect can help you match retirees with key projects and flexible work opportunities.
- Access to storehouses of tacit knowledge. Retaining relationships with retirees allows companies to continue taking advantage of their accumulated experience, contacts, and irreplaceable ‘business wisdom.’
- Mentor programs and knowledge transfer. Connecting retirees with their former colleagues presents opportunities for knowledge transfer and mentoring relationships, supported by RetireeConnect functionality
- Enlisted brand and employment ambassadors for candidate referrals and new business. Your retirees represent your organization, products, and services in the marketplace. RetireeConnect establishes powerful word-of-mouth marketing channels as informed members become trusted brand ambassadors.
Overarching all of these benefits, RetireeConnect sends a message that your culture values and respects older workers, helping to smooth workplace generational differences. A connected organization shares information at speeds that spur innovation; many of those ideas may originate from the most knowledgeable and experienced—your retirees. RetireeConnect ensures that these ideas are captured and momentum continues even after employees retire.
More about SelectMinds: Management Team | Press | SelectMinds.com