Due to changing demographic patterns, organisations universally are facing an increase in the number of employees due for retirement and a dwindling number of younger workers available to replace them. Knowledge loss due to the retirement of the baby boomers looms, and companies not yet feeling the pain of human capital shortage need to wake up (Foster, 2005). Between 40 and 70% of all senior executives will become eligible for retirement in the next five years at most major corporations (Gandossy & Kao, 2004).
|Title of host publication||Talent Management|
|Subtitle of host publication||Cases and Commentary|
|Publisher||Palgrave Macmillan Ltd.|
|Number of pages||16|
|Publication status||Published - 30 Jan 2009|