There are 75 million baby boomers who are on the verge of retirement. For the next twenty years, an average of 10,000 people each day will reach age 65, which has historically been the retirement phase of life.
This means a changing workforce whose members have different skill sets, organizational values, and motivators. If organizations can get in front of the shift, they can recruit and retain top talent as more and more baby boomers retire.
Here is a great article from Business Management Daily on successfully recruiting millenials.