The looming brain drain

Combating the Brain Drain

UK Demographics

Demographics in the public sector

24 and under

25-34 35-44 45-54 55-64 65 and over

Whole economy

14% 23% 24% 23% 13% 2%

Local govt

6% 20% 26% 29% 16% 2%

Public sector

6% 21% 26% 29% 16% 2%

Private sector

17% 24% 23% 21% 12% 2%

The cost of lost knowledge

How smart are you?

How do you contribute?

What is stopping you?

What types of knowledge will I lose?

Our Strategy

1. Understand where you are

2. Manage your talent

3. Manage your knowledge

4. Manage professional development

Understand where you are

• Not all people are the same

• Different knowledge has different impact

• Beware of cultural implications

• This has to be done by thewhole company

Manage your talent

Are you attracting younger people?

What values do Gen Y seek?

What is their motivation?

How do they communicate?

What management style do they respond to?

Manage your knowledge

Manage professional development

• Mentoring

• Training

• Succession Planning

Where to go from here

Map your knowledge

Retain key skills as long as you can

Work to recruit talented youngsters

Transition knowledge from old to young

Build this into a culture of knowledge sharing