Survey: Executives Unconcerned About Near-Term Boomer Retirement

Menlo Park, Calif. — March 20

One-fifth of the U.S. workforce has passed or is nearing retirement age, according to the U.S. Bureau of Labor Statistics, yet research suggests many executives aren’t too concerned with losing baby boomer employees to retirement in the next couple of years.

Only 31 percent of chief financial officers interviewed for a recent Robert Half survey said they were worried about this possibility, and 63 percent of financial executives reported being unconcerned.

Among CFOs who are worried about losing baby boomers to retirement, executives most commonly cited leadership (39 percent) and legacy knowledge (23 percent) as the greatest potential losses to their organization.

The survey was developed by specialized staffing firm Robert Half and conducted by an independent research firm. It is based on interviews with more than 2,100 CFOs from a random sample of companies in more than 20 of the largest U.S. markets.

Source: Robert Half