For a lot of you, your Facilities Staff goes beyond just Project Managers Purchasing Agents and may include Maintenance Personnel. Some could even have folks with experience in the skilled trades. As the Baby Boomer generation’s retirement happens, have you considered the effects your organization may face due to the loss of institutional knowledge? And that is just one facet of the impact retirement can have on your team.

It may seem like this wouldn’t impact your budget but have you thought about

• Recruiting costs
• Training new staff
• Additional staffing costs to replace retiree prior to final day

Learn more about the FM Pulse Survey about Coping with Retirements here