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Today (%)

Traditional-ists Boomers

Gen XGen Y

05

10152025303540

5

40

2530

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2020 (%)

Tradi-tionalists Boomers Gen X Gen Y Gen Z

0

10

20

30

40

50

1

2220

50

7

3

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So - the Challenge?

Expertise and knowledge drain as boomers exit from the workforce.

Which expertise and knowledge is critical and important to retain?

Which expertise and knowledge is not required for your business to achieve its future goals?

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And - The Solution?

Keep the expertise by transferring the knowledge and skills.

Human Resources needs to take a leadership role in addressing the pending expertise gap.

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The Boomer Legacy(a demographic gift)

• Boomer Leaders accountable.

• Critical roles surfaced and documented.

• Risk Assessment

• Measures of Success (ROI)

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How Do You Start?

First - Educate Yourself

1. Conduct research

2. Assess learning styles

3. Investigate trends

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Learning Styles

Digital Immigrants Digital Natives

Linear acquisition of information Nonlinear (hyperlinked) logic of learning

Focused mainly on facts and knowledge acquisition

Focused more on learning how to learn

Guided learning Autonomous learning

Learning in specified time periods Learning 24/7

Face-to-face learning Interactive virtual learning

Learning as duty Learning as fun

Rote learning Analogical learning

8*Conference Board of Canada, Bridging the Gaps.

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Second – Build the Business Case

• What knowledge and expertise needs to be transferred?

• How does the intended receiver learn?

• What is the timing?

• What is the cost of ‘lost knowledge’?

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Third- Build the Boomer Legacy Process

1. Establish your cross functional team.2. Evaluate current competency and future

capability requirements.3. Select successors.4. Select knowledge transfer methodology.5. Build the project plan6. Implement with current and successors.7. Evaluate performance, measure and report.8. Reward and recognize.

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The Boomer Legacy Process First Steps

1. Do your research

2. Conduct your risk assessment

3. Establish your team.

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Start your planning process NOW!

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This is your ‘Demographic gift’.

OPEN IT!

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