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Bye, Bye Boomers April 2015
Judy Kirby, CEO Kirby Partners
Bert Reese, SVP/CIO Sentara Health System
DISCLAIMER: The views and opinions expressed in this presentation are those of the author and do not necessarily represent official policy or position of HIMSS.
Conflict of Interest
Judy Kirby
and
Bert Reese
Have no real or apparent conflict of interest to report.
© HIMSS 2015
Learning Objectives: • Evaluate the pros and cons of the Baby Boomer knowledge
base leaving healthcare IT.
• Outline how healthcare IT departments need to plan for exodus
of Baby Boomers from employment ranks with succession
planning.
• Assess the differences in workplace perspectives (“Living to
Work” vs. “Working to Live”) of the population segments
replacing Baby Boomers, and how this will affect workplace
cultures.
• Discuss the replacement of Boomers, who were latecomers to
the digital revolution, with younger, more technical and social
media savvy workers.
Utilization of talent
Diminish learning curve
for new employees
Reducing organizational
knowledge loss
Value Steps: Savings
$
Who is a Baby Boomer?
Who is a Baby Boomer?
Baby boomers are people born during the demographic Post–World War II
baby boom between the years 1946 and 1964. According to the U.S. Census
Bureau, the term "baby boomer" is also used in a cultural context.
Figure 3.2
What Makes Your Generation Unique?
Millennial Technology use (24%)
Music/Pop culture (11%)
Liberal/Tolerant (7%)
Smarter (6%)
Clothes (5%)
Boomer Work ethic (17%)
Respectful (14%)
Values/Morals (8%)
“Baby Boomers” (6%)
Smarter (5%)
Gen X Technology use (12%)
Work ethic (11%)
Conservative/Traditional (7%)
Smarter (6%)
Respectful (5%)
Silent WWII, Depression (14%)
Smarter (13%)
Honest (12%)
Work ethic (10%)
Values/Morals (10%)
Source: Pew Research Center survey. Jan. 2010, N=2,020 US adults
HEADLINE: Long-Awaited Baby Boomer Die-Off To Begin Soon, Experts Say "I am pleased to announce that it won't be much longer
now," Census Bureau deputy director, Arthur Clausewitz,
said at a press conference. "According to our statistics,
…we should see the Baby Boomers start to die off in
large numbers.”
CIOs Retiring in 5 years or less
28% of CIOs will retire in under 5 years
Percent retiring in 5 years or less
© HIMSS 2015
10% and over – 100% HR
10% and over – 35% IT
Full time
Part time
No
Unsure
Do You Plan To Work After Retirement?
Transamerica Center for Retirement Studies
Retirement? NEXT EXIT
Succession Planning
Succession Planning
No formal plan in place:
CIOs - 78%
HR – 66%
Transition Plan
No plan – 80% IT
© HIMSS 2015
No plan – 100% HR
Phased Retirement
Stop at certain age
Stop certain $$
Less demanding role
As long as possible
Reduced hours/more leisure
Unsure
0 10 20 30
© HIMSS 2015
Using Retiring Talent
Advisors
Augmentation
Mentoring
As needed consultant
Job Sharing
Part-time work
“In the next five years, you’ll see a
punishing rhythm of the destruction of old
classic industries that don’t move fast
enough, get replaced by young emerging
things.”
© HIMSS 2015
Tony Scott
CIO of VMware
Questions
Judy Kirby President, Kirby Partners
407.788.7301
Bert Reese SVP/CIO, Sentara Healthcare
757.252.0555
