Plan for Baby Boomer Retirement
Plan for the boom, or risk going bust.
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- In some industries, workforce loss resulting from baby boomer retirement is expected to top one-third of total workers. To combat this mass exodus, organizations will need to begin succession planning efforts well in advance of the start of baby boomer departures - and make sure they have the brand appeal to lure replacements in an increasingly competitive market.
Building a steady and reliable staffing contingent is becoming more difficult. Learn how to mitigate the opportunity and productivity risks associated with talent gaps by applying succession development best practices.
Many leaders make costly mistakes in their succession development planning, risking failure or even backfire. Watch this video to identify these mistakes and learn to avoid them.
Use this tool to assess the risk of employee departure and to identify appropriate succession candidates. The results will supply the information you need to get your succession development planning well under way.
Career development plans represent a critical two-way commitment between an employee and the organization. By increasing employee engagement, the plan will help to drive staff retention. Use this template to hold supervisors and employees mutually accountable for the development of a skilled department.
Many role transitions are characterized by low productivity and lost opportunities. As one employee exits a role and the successor takes over, a clear checklist-based plan will help ensure a smooth and rapid transition.