Phased Retirement: Slowing Exodus of Experienced Workers

The video discusses the challenges of social change, focusing on the retirement of baby boomers and its impact on corporate America. It highlights the concept of phased retirement, where employees gradually reduce their work hours instead of retiring abruptly. This approach helps companies retain experienced workers and manage knowledge transfer. The video also explores industry-specific trends, variations in retirement age, and the economic implications of these changes. Challenges such as flexible management and the need for effective transition strategies are also addressed.

In what industries is the trend of phased retirement more prevalent, and why?

What strategies do companies employ to ensure knowledge transfer from experienced workers before they retire?