Are You Ready for Baby Boomers to Retire
Replacement workforce may not be able to assume full responsibility
Business of all types need experienced high performing information technology (IT) personnel, with the skills necessary to meet both current and future mission requirements. IT Departments need to face the fact that in the America's and Europe there is a large "older" Information Technology workforce that is anticipating retirement. As the IT Baby Boomers retire, many of their replacements will come from a new, younger generation of workers that is first generation to have lifelong exposure to the Internet and do not know what COBOL is.
This generational shift will bring a variety of new dynamics to the general workplace and the IT field in particular. In order to manage effectively, managers will need to reconcile the distinct, and sometimes conflicting, expectations, needs, and life experiences of their workforce and to establish a context for success that allows the strengths of each generation to shine. Enterprises must be able to capture the knowledge of the current workforce while getting ready for the structural changes that will come from from both a changing workforce and rapidly evolving technology. This will present a wide-range challenges for CIOs and their replacements as they also retire.
The new workforce will be:
- More diverse, as measured by ethnicity, age, race, religion, family background, sexual orientation, geographic location and global connectivity, language ability, and disability
- Less immersed in work and desiring more work/life flexibility
- Technologically-savvy and having good collaboration skills
To manage this workforce, CIOs and HR departments need to develop managers with a broad level of self-engagement, who are good at personal interactions, able to provide the new workforce employees with "space" while still being able to achieve results, value employee career development, and recognize their achievements. Additionally, organizations need to ensure individuals have the proper workplace tools to succeed, with more flexible work processes. This, coupled with continuous methods for feedback and recognition, can foster high individual, workgroup and organizational performance.
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