September 23, 2023
Small businesses are vital to our economy, offering employment for millions. Yet, a pressing challenge they face is an aging workforce. As baby boomers retire, small businesses lose skilled workers and valuable expertise. This blog delves into managing the transition and seizing opportunities in an aging workforce. Understanding the Challenges The aging workforce poses several challenges to small businesses, including the loss of experience, difficulty finding skilled workers to replace retirees, and slower productivity levels. The knowledge gap created by baby boomers retiring also makes it challenging to train and develop younger workers who may not have the same level of familiarity with the business. Small business owners need to identify the skill sets that they need to maintain operations and start looking for younger employees who can expand their […]
