I am a boomer who retired.
I think it took them three people to replace me.
;-)
Sounds like the truth to me. I was "reorganized" out of my last job, over a disagreement over QuickBooks online. I was handling books for 4 companies on QB Desktop with no issues.
The owner was sold on QBO, as if it would give her everything she needed with a couple of clicks. Nice people, but they were just wrong.
I was hired at a large real estate concern 3 weeks later, been there 16 months. Have worked more overtime than I ever did at a CPA firm. 55-60 hour weeks are the norm. I'll hang in there as long as I can, but I turn 70 in a few months.
Through the miracle of Linked In, I learned my previous company had to hire 3 accountants to replace me.
I'm one of the younger boomers WHO has NOT retired and they can't afford to replace me because I ASKED for a pay cut to keep my income from being taxed further, while I continue to do a top notch performance level of my job.
Very much a "BENEFICIAL" situation for BOTH sides, I'd say.
And you're right about replacement. The folks I work for already said it would take the hiring of TWO new people to replace me if I did leave.
In my opinion.. RETIRING is for OLD people.. and besides, I need a reason to get out of bed every morning!
I NEED them and they NEED me.. win-win!