Can Hiring Retirees Reduce Brain Drain?

In an interesting developing trend, some companies are turning back to their retirees to help fight against “brain drain“:

With 10,000 Americans turning 65 every single day, the potential impact on employers is significant, and, in some industries, critical. The Society for Human Resource Management, in a joint study it did with AARP, found 72 percent of HR professionals describing the impending brain drain as a problem or a potential problem. But only 5 percent have implemented specific steps to address the talent loss.

Many companies have taken some actions to prepare. Training and succession planning are the most common, though fewer than half the surveyed employers have done at least that much. But 30 percent have hired their retirees as consultants or temps; 24 percent have extended offers to work part-time to their retirees.

via Retiree Re-Staffing Can Help Ease the Coming Brain Drain Crisis – ERE.net.