Retirements Impact Employers - BabyBoomerExecs Offers Solutions

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BabyBoomerExecs, Inc. (BBE) announces the launch of its website dedicated to assisting employers in maintaining key leadership positions increasingly vacated as retirements hit record highs. BBE has a growing database of executive-level individuals ready to fill interim positions, provide consulting services and solutions, or provide needed mentoring and training to new leaders. The site, http://www.babyboomerexecs.com allows retired executive-level individuals to join by sending in their credentials free of charge and it allows employers to search for specific skills using a variety of search parameters including specific titles, areas of expertise, degrees, industry, or geographic location.

We always face the need for talent to fill vacant positions or to serve in a consultative role mentoring a new leader learning the ropes

Unlike the many job search sites on the web, BabyBoomerExecs.com's site only provides individuals available for interim positions or consulting engagements, not full-time positions. "The drain of institutional knowledge and skills from all facets of the American workforce is just starting as the early year Baby Boomers start to retire. Employers are already finding it increasingly difficult to fill the void created by this massive loss of talent, yet many of these retiring employees want to continue to provide value and keep mentally active - just not at the pace and stress of a full-time position." said Tom Dorazio, co-founder of BBE. With approximately 78 million Baby Boomers entering their retirement years over the next decade and only approximately 40 million Gen Xer's available to fill those positions, employers will have to seek new and creative ways to maintain the skills they need.

The frightening scenario, however, does present a win-win opportunity for both employers and retiring employees as many of these retiring individuals are willing to offer their skills and services at compensation rates well below what they were earning on a full-time basis. BBE offers top-level skills at rates 50-70% below what these individuals earned in full-time roles. "The ability to provide temporary assistance to employers at lower rates than the market offers from more traditional sources is now possible because many of these retiring Baby Boomers just want the opportunity to keep mentally active, earn some additional income, and know they are helping employers. Until now, the two parties couldn't easily locate each other," Dorazio stated.

Many human resource professionals are just starting to come to grips with the daunting task of maintaining skills as the number of retirements starts to pick up pace. "We always face the need for talent to fill vacant positions or to serve in a consultative role mentoring a new leader learning the ropes," said Lisa Abbott, an HR professional in NYC.

Several states have also begun to explore ways to keep up services to their constituents as their experienced workforce dwindles. BBE offers the ability for these agencies to rapidly search for talent to assist agencies as they determine a course of action for more permanent solutions.

For more information about BabyBoomerExecs or to find out more about the impending evolution in the workplace, visit http://www.babyboomerexecs.com, or contact the company at (607) 242-3038.

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Michael Coppola

Tom Dorazio
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