Retaining Institutional Knowledge During the Silver Tsunami

Cathie Leimbach • May 17, 2023

The global workforce is experiencing a significant demographic shift, commonly referred to as the "Silver Tsunami." This term denotes the wave of retiring baby boomers. As these experienced employees exit the workforce, organizations face the challenge of ensuring a seamless knowledge transfer to adequately prepare the next generation of workers. However, a potential obstacle arises when retirements occur before younger employees have completed their training, posing unique obstacles for businesses to overcome.

To address the challenges posed by the silver tsunami, businesses must adopt proactive strategies. Here are some key steps organizations can take:

1.    Succession Planning: Implementing robust succession plans enables organizations to identify key positions, document essential knowledge, and facilitate smooth transitions. This includes cross-training initiatives to ensure that younger employees gain exposure to critical tasks and responsibilities.

2.    Knowledge Transfer Programs: Establishing formalized knowledge transfer programs, such as mentorship initiatives or "buddy systems," facilitates the transfer of expertise from retiring employees to their successors. This hands-on approach helps bridge the gap and accelerates the learning curve for younger workers.

3.    Upskilling and Reskilling: Investing in comprehensive training programs equips younger employees with the necessary skills to fill the void left by retiring workers. Offering mentorship, workshops, and online learning platforms can help bridge any knowledge gaps and build a capable workforce.

4.    Embracing Technology: Leveraging technology solutions, such as knowledge management systems and collaborative platforms, can facilitate the efficient capture and sharing of institutional knowledge. These tools enable seamless collaboration and knowledge exchange across teams, ensuring smoother transitions during the retirement phase.

A successful transition requires careful planning and proactive measures. By implementing robust succession plans, knowledge transfer programs, upskilling initiatives, and embracing technology, businesses can navigate the challenges of baby boomers retiring before their successors are fully trained. A strategic approach will  minimize disruptions and position organizations for continued growth and success in the face of changing workforce dynamics.


How Leadership Growth Drives Business Performance

By Cathie Leimbach • June 17, 2025
Herminia Ibarra’s research offers compelling insight into why leadership development should be viewed as a strategic priority. Her work shows that helping leaders grow isn’t just beneficial for individuals—it significantly improves how organizations operate and perform. Ibarra explores how leadership identity evolves over time. When managers step back from daily tasks and begin thinking and acting more strategically, it creates ripple effects across the organization. Teams become more engaged, decision-making improves, and execution becomes more effective. These shifts enhance productivity, innovation, and retention—key drivers of long-term success. Her research also highlights the value of building strong leadership pipelines. Companies that invest in leaders who are adaptable, self-aware, and skilled at big-picture thinking tend to be more agile and resilient. These organizations are better equipped to respond to change and seize new opportunities. By reframing leadership development as a strategic investment rather than a soft skill, Ibarra shows how it creates measurable improvements in performance across the organization. Growth in leadership capacity leads to smarter decisions, healthier cultures, and stronger overall results. 👉 For a deeper dive into the data, click here to view Insights from Herminia Ibarra’s Research on Leadership Development and its Measurable Impact.

Age and Gender Shape How Employees Want to Be Appreciated

By Cathie Leimbach • June 10, 2025
In today’s evolving workplace, one constant remains: employees want to feel valued. Interestingly, research comparing data from before and after COVID-19 shows that employees' preferred languages of appreciation have remained remarkably consistent over time. However, age and gender differences reveal important nuances leaders shouldn’t ignore. Gender differences are clear. Men more frequently chose Acts of Service as their preferred form of appreciation (26%), while women gravitated toward Words of Affirmation (46%). When asked about their least preferred language, women were more likely to rank Acts of Service at the bottom, while men showed a strong dislike for Tangible Gifts. Age also matters. Employees over 60 overwhelmingly preferred Words of Affirmation (48%), while the youngest generation (under 20) leaned toward Quality Time (33%). These trends suggest that life stage and workplace experience shape what appreciation feels most meaningful.  The takeaway? While core preferences haven't shifted dramatically post-COVID, effective leaders need to understand and respond to individual differences. Avoid blanket strategies and invest in knowing how each team member feels most valued. Personalized appreciation builds stronger teams—across every generation and gender. For further details, see Dr. Paul White’s article on gender differences in appreciation preference.
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