Employers are doing a lousy job passing on the knowledge of their retiring workers.
The boomer brain drain is the growing trend of boomer workers retiring and employers failing to have a succession plan, or knowledge transfer plan, in place. When many of these boomers leave, they take with them institutional knowledge and names of key contacts; these can be extremely useful to the workers (usually younger ones) who’ll take over for the retirees.
Source: Boomer Brain Drain: The Big Mistake Employers Are Making
