Canada is on the brink of an unprecedented labour shock.
Canadian businesses face a mass exodus of experience, know-how, and productivity — and many don’t even have a succession plan.
2.7 million Canadians aged 60–64 will retire over the next 5 years, following the 5.2 million boomers who already exited.
Labour force participation is projected to drop more in the next 6 years than it did over the past 14, according to RBC.
Immigration, once a buffer, is no longer the fallback: population growth is near zero and average age is now 41.8 years.
Newfoundland & Labrador now has 1 in 4 people aged 65+, marking a historic demographic shift.
The seniors’ dependency ratio is surging, reducing the number of workers supporting the system.
CEOs are grappling with talent retention, knowledge management, and automation.
The looming boomer retirement cliff amplifies this — agentic AI is uniquely positioned to capture retiring expertise and automate critical workflows with minimal disruption.
Here’s An Action Plan — Turn Retirement Risk into an AI Advantage
1. Launch a Knowledge Capture Sprint
Immediately begin interviewing, transcribing, and modeling workflows and decision paths of senior staff using LLM-based tools. Don’t wait until they’ve retired.
2. Deploy Agentic AI for Process Simulation
Build AI agents that simulate decisions, behaviors, and strategies of seasoned workers. Use their input to train agents that guide newer staff and automate legacy systems.
3. Make Workforce Augmentation Your North Star
Shift from replacement hiring to AI-powered augmentation. Each retiree becomes a blueprint for a digital teammate, not just a vacancy.
4. Invest in Internal Data Infrastructure
AI agents are only as good as the context they’re trained on. Centralize knowledge into structured, retrievable formats across the org.
5. Reframe L&D Strategy Around AI Pairing
Train younger workers to collaborate with AI agents that carry embedded expertise of retired veterans.
6. Measure Agentic ROI
Track reduced onboarding time, faster decision cycles, and lowered error rates from agent-powered workflows.
The baby boomer wave isn’t just a retirement story — it’s a wake-up call.
If your business isn’t capturing legacy expertise and deploying agentic AI, you’re setting yourself up for a knowledge black hole.
Be proactive. Preserve your institutional memory.
Build agentic AI into your succession strategy — now.
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