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Mitigate the Risk of Baby Boomer Retirement with Scalable Succession Planning

Plan for knowledge transfer before it’s too late!

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  • David Foot, Professor Emeritus of Economics at the University of Toronto, author of the best-selling books, Boom Bust & Echo: How to Profit from the Coming Demographic Shift and the updated paperback, Boom Bust & Echo: Profiting from the Demographic Shift in the 21st Century
  • Eric Kingson, Professor of Social Work at Syracuse University’s School of Social Work, also a Co-Director at Social Security Works
  • Rose Macfarlane, General Manager of Human Resources, DairyNZ
  • Mark Steurer, Human Resources Director, Home Sales Company, Inc.

Your Challenge

  • Organizations are unprepared for the loss of employees who hold key roles, resulting in the loss of valuable knowledge, core business relationships, and profits.

Our Advice

Critical Insight

  • Mitigate the inherent risks of Baby Boomer retirement by carefully planning to transfer knowledge to incumbents.
  • Flexible work arrangements are an effective way to retain Baby Boomers while transferring knowledge.

Impact and Result

  • Analyze key roles, current incumbents, and potential successors to help assess and identify key role incumbent risk factors as well as potential successor readiness.
  • Plan for the transfer of critical knowledge held by key role incumbents.
  • Define formal transition plans for employees in at-risk key roles and their successors, leveraging your workforce and succession planning outputs, knowledge transfer strategy, and selected flexible work arrangements.

Research & Tools

1. Conduct workforce planning for key roles

Identify business priorities and key roles, including required skills and knowledge that support achievement of business strategy.

2. Conduct succession planning for key roles

Identify key role incumbents and potential successors and assess any gaps between them.

3. Mitigate risk with knowledge transfer

Identify critical key role knowledge, select appropriate knowledge transfer methods, and document knowledge-transfer initiatives.

4. Mitigate risk with flexible work arrangements

Explore flexible work arrangements to facilitate knowledge transfer and finalize transition plans for at-risk key roles.

Guided Implementations

This guided implementation is a six call advisory process.

Guided Implementation #1 - Workforce planning for key roles

Call #1 - Discuss the key roles identified in the Workforce Planning Worksheet.

Guided Implementation #2 - Succession planning for key roles

Call #1 - Obtain advice on how to have career planning conversations with your employees.
Call #2 - Discuss how to complete individual risk assessments.

Guided Implementation #3 - Risk mitigation: knowledge transfer

Call #1 - Discuss how to select and implement the most appropriate knowledge transfer method for your situation.

Guided Implementation #4 - Risk mitigation: flexible work arrangements

Call #1 - Discuss how to choose mutually beneficial flexible work arrangements.
Call #2 - Review your finalized Role Transition Plan Template.

Onsite Workshop

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Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.

Module 1: Conduct Workforce Planning for Key Roles

The Purpose

  • Discover your key roles and their impact on the organization.
  • Identify employees within key roles.

Key Benefits Achieved

  • Business priorities are understood based on the organization’s strategic plan.
  • Key roles and key role incumbents are identified.




Identify business priorities based on the business’ strategic plan

  • Business priorities are determined and understood

Identify key roles that support the business focus

  • Key roles are set

Identify current incumbents in all key roles

  • Current incumbents are identified

Module 2: Assess At-Risk Key Roles and Plan for Their Successful Transition

The Purpose

  • Understand the risks and gaps that need to be addressed.
  • Identify potential successors and determine how the knowledge will be transferred.

Key Benefits Achieved

  • Model of succession plan knowledge transfer is set.
  • Successors are identified and gaps between successors and incumbents have been assessed.




Assess risk

  • At-risk key roles identified

Identify potential successors and assess their readiness

  • Complete list of potential successors and their readiness to assume to the key role

Assess gaps between key role incumbents and potential successors

  • Gaps are determined and assessed

Determine knowledge-transfer method

  • Knowledge-transfer methods are discussed and identified

Identify potential flexible work arrangements

  • Applicable flexible work arrangement options are identified