Boomers Losing Confidence in the Workplace

A report by The Conference Board  that boomer job satisfaction is at an all time low will come as no surprise to enlightened HR managers, but it should serve as a wake-up call to employers who haven’t been paying sufficient attention.  Plummeting levels of job satisfaction were documented in the newly released report on the survey which found that only 46 percent of Boomers were satisfied with their jobs.  This compares with 60 percent reported in 1987.  

Why this is important - Employers rely on the knowledge and skills of boomers to stay competitive and even survive.  They depend on boomers’ proven leadership qualities and demonstrated ability to mentor and transfer knowledge to other members of the multi-generational workforce. 

Boomers’  loss of confidence in the workplace is negatively impacting employee engagement which will predictably lead to a loss in productivity just as companies struggle to emerge from a serious recession.

Restoring the confidence of boomers in the workplace through the creation of “boomer-friendly” policies and practices is not just the concern of HR, it is an imperative that should command the attention of all of executive management.  Business success depends on it!