So you haven’t heard of generation “U” yet either? Why, according to FedSmith generation “U” is the UNRETIRED GENERATION.
Full article AND COMMENTS may be found here: http://www.fedsmith.com/article/2199/reality-generation-u.html
So this article attempts to address the reasons or at least speculate why so many baby boomers haven’t retired. The comments are unbelievable! Some folks feel they have this power of anonymity when it comes to commenting online and they are just brutal in every way! What happened to being considerate of others?
But to get to the point, the article identifies that the health of Americans in this era is far greater than say in 1984. An of course with the fall of TSP amounts when the market crashed, folks do not have as much money tucked away for retirement.
My question is this, will there really EVER be this mass exodus? And when the majority of baby boomers have left, will there be a noticeable difference in dollar amounts spent, changes that are made or how the workplace is ran? I’d like to make the argument of no, it won’t. I think change for the most part is slow. SLOWLY younger folks are entering the professional realm and you are seeing trends and slight changes. I think this will continue. And as the baby boomers move on, younger folks will eventually slot in. But will there be a cost savings? I don’t think so. Are you willing to perform the job your predecessor did at a lower price? Or if you do take it at a lower salary, are you willing to put in the same amount of hours to get the job done or is work/life balance more important to you?
I’m not into generation bashing (if you haven’t caught on to that already). But I’d like to move past this hyped anticipation of the generation U exodus. There is nothing a little human capital strategy planning, performance management, and work-life changes can’t fix. 🙂