Did you see in the news that the nation's first baby boomer received her first Social Security retirement benefit [on February 12]? Kathleen Casey-Kirschling, 62, was born one second after midnight on Jan. 1, 1946. The retired teacher who lives in Earleville, Md., and Vero Beach applied for her benefits online, and received her payment by direct deposit.

Here are some scary facts... over the next two decades, nearly 80 million baby boomers -- about 10,000 per day -- will become eligible for Social Security. And, if no changes are made, the Social Security trust fund is projected to deplete its reserves in 2041 and will begin paying out more in benefits that it collects in payroll taxes in 2017.

How old will you be in 2041? Me? I'll be 71... ready to retire. And I guess if adjustments are not made I will not relying on social security!

I know I've said this before on this blog but with Kathleen Casey-Kirschling officially marking the beginning of the baby boomers retiring, I can't help but think about the changes we will see in the work force. As the baby boomers start retiring Generation Y "kids" will become (some already are) the "players" in our workforce. They are the managers, supervisors and executives of tomorrow.

Are we in store for drastic changes? Should we be scared? Or do we sit back and relax and let the "younger generation" lead us into the future just as the "older generations" led us into the present?

And how do we attract and retain the Generation Y? I found a great white paper on exactly this subject Yahoo! Hot Jobs - if you didn't read it the last time I posted it - read it now. It is a must-read for recruiters, employers, employees, parents, teachers, Generation X'ers, and Baby Boomers!
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Download the PDF document, and read about our future leaders. You will not be disappointed.
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Sources:
"WHAT MILLENNIAL WORKERS WANT: How to Attract and Retain Gen Y Employees," by Robert Half International and Yahoo! Hot Jobs.
usatoday.com

Courtesy of Sodexo Careers Blog