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Radio interview – preventing the boomer brain drain

boomer brain drainBracing for the boomer brain drain was the title of my regular column for The Globe and Mail that published on August 6.  In it, I outlined five strategies to retain crucial institutional knowledge (and prevent corporate amnesia).

It got a fair amount of interest and positive feedback, including a call from the folks at the More than Money radio show on 770 Newstalk CHQR.  Dave Popowich and Faisal Karmali host this weekly radio program that focuses on planning for retirement, lifestyle and everything in between.  They were interested in advice I could offer on how people contemplating retirement could pass on their knowledge before departing their organizations.

Transferring knowledge wealth at retirement

Here is the link to my segment in the podcast of their show on August 18; the entire segment lasts about 10 minutes.

https://omny.fm/shows/more-than-money/mtm-aug-17-seg-4

What advice do you have to offer to add to what I shared on the show?  Are you contemplating retirement and find yourself in a similar situation?  Or have you experienced a situation where this “ boomer brain drain” was not recognized, and key people left the organization with critical information about processes and relationships?  Please share your perspectives by adding a comment below.

Bracing for the boomer brain drain

As the last of the Boomers move through their 50’s and beyond, those who elect to take early retirement often take decades of tacit knowledge with them.  This boomer brain drain – the loss of undocumented, intuitive experiential information about people, business processes and informal procedures can leave huge gaps in an organization’s cumulative intelligence.

The boomer brain drain can cripple your company

This corporate amnesia can cripple a company, so if you’re a leader, it’s up to you to actively identify and work to mitigate this possibility.  And the time to do it is now, well in advance, and not just in the months and weeks before a key employee is due to leave.  In my latest column for The Globe and Mail, I offer five strategies to brace for the boomer brain drain, and retain crucial institutional knowledge.

Bracing for the boomer brain drain

Bracing for the boomer brain drain

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