Demographics show an increasing trend of retiring baby boomers in Europe over the next years. The retirement of these experienced seniors represents a tremendous loss of intellectual capital for organizations, in layman's terms: "Brain Drain". In today's knowledge driven world, intellectual capital is increasingly pivotal for organizational success. It is clear that organizations should have a strategy in place that focuses on acquiring and retaining this valuable asset. Other than just increasing intellectual capital, engaging highly qualified senior experts has other benefits:
· Increased efficiency: Senior experts work more efficiently than lesser experienced personnel
· Gaining of tutors: Senior experts provide a mentor function to younger and less experienced personnel
· Networking opportunities: Senior experts have built up many valuable contacts in their respective fields over the years
· Raised quality standards: Senior experts have a higher quality of work than lesser experienced personnel
· Increased reactiveness: Due to experience, senior experts will respond quicker and better to unusual or emergency situations
By engaging VMVO senior experts, organizations can regain intellectual capital lost through brain drain, and benefit from the above mentioned advantages.
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