Plugging the Brain Drain

The statistics are breathtaking: according to the Pew Research center,  every day from now until 2030, ten thousand Baby Boomers will turn 65. (1) Every day.

In other words, hordes of working people are retiring, planning to retire, or thinking about retiring.

Who are these people? Very often, they’re the people in your organization who best know the whys and wherefores of your projects and procedures. They’re the ones who have so internalized tasks and deliverables that they’ve never even written the steps down. They’re the ones who remember why a certain project succeeded and why another failed and how that affected the company’s direction. In short, they are the holders of what’s known as organizational memory.

And they’re retiring.

What can you do to capture their knowledge? How can you make sure they don’t take the organizational memory with them?

Emergency Preparedness in the Workplace

Last week the East Coast was rammed by Hurricane Sandy, which is now the largest Atlantic hurricane on record, as well as the second costliest (following only 2005’s Hurricane Katrina). In its wake, over a hundred people have been killed, thousands of homes have been destroyed, and millions have been left without power.

A firm that performs catastrophe risk modeling “estimates… $20 billion in insured losses and $50 billion in economic losses in the United States.” These losses cannot be calculated just by property damage, but also by reduced productivity. Many workers lost hours or days of work due to power outages, mass transit suspensions, bridge and tunnel closings, evacuations, and other city- and state-wide measures implemented to protect citizens.

Cases like Sandy prove that it’s imperative for businesses to plan ahead—both for emergencies and for operational continuity in case of building closings, power cutoffs, and transportation shutdowns.

Links You Can Use: October 15-19

In this week's "Links You Can Use," we discover some companies are allowing employees to bring their children to work every day (without a daycare facility on the premises). BusinessWeek interviews some workers about their reactions to this innovative arrangement. In other news, research shows that having six or fewer hours of sleep could lead to weight gain and the development of diseases like diabetes. And CNN features the financial situations and strategies of individuals and couples who plan to retire within 10 years.

An emerging trend that attempts to resolve the work-life balance issues parents face... bring your child to work—every day. (BusinessWeek)

We all know that exercise and a balanced, nutritious diet are key to avoiding chronic conditions and excess weight. But a new study highlights the important relationship between poor sleep and body fat storage. (NPR)

CNN features eight profiles across the U.S.—individuals and couples who vary in age, occupation, and retirement goal date—on how they plan to retire. (CNN)

* The opinions expressed at these linked websites do not reflect the opinions of Harris, Rothenberg International, Inc. (HRI). HRI is not responsible for the accuracy of any of the information reflected on these sites.

Links You Can Use: October 8-12

With the ongoing presidential debates, conversations about politics may come up at work--but we would all like to avoid open conflict if possible. Below are some ways to prevent heated arguments in the workplace. Also, find out how to be more efficient, start conversations (even if you're a bit shy), and deal with co-workers who just aren't picking up the slack in this week's Links You Can Use.

With Election Day just a few weeks away, people can get emotional about their beliefs and ideologies, but here are four ways to preemptively address any potential political conflicts in the workplace. (Memphis Business Journal)

How to Protect Yourself From Identity Theft & Corporate Hacking

During the month of June, the professional networking site LinkedIn got hacked. The website has over 161 million users, and a hacker published over six million passwords without usernames to prove his technological prowess. And what were the most common passwords? Confounding, obscure words such as “link,” “1234,” “princess,” and… “monkey.” Obviously, some LinkedIn users are not NSA-level security experts.

But it’s a problem that trickles up to the executive level. Less than a year ago, the hacker group Anonymous broke into the data of “global-security consulting firm Stratfor” and a follow-up investigation revealed that even the top leaders of a global intelligence company used weak passwords! Anonymous got a hold of information like credit card details and private email addresses from Statfor’s clients including Bank of America, Wells-Fargo, Sony, Google, the United Nations, and the U.S. military.