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Worried About Brain Drain? Focusing on Older Workers Can Help

A recent study from Guild, a workplace education provider, explored what keeps employers up at night. Topping the list of worries business leaders named for 2024 was a loss of institutional knowledge as workers retire, with 82% of respondents citing that issue. That same study found that 93% of the business leaders responding were eager for HR to offer innovative solutions. Another recent report, from management consulting firm Bain & Company, focused on the importance of keeping older workers—not because it’s a nice thing to do, but because it’s a business imperative.

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