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Plan for Baby Boomer Retirement

Plan for the boom, or risk going bust.

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Your Challenge

  • 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.

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Note

Storyboard: Engage Employees with Career Development & Succession Planning

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.

Video

Succession Planning Challenges

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.

Tools & Templates

Succession Development Strategy Tool

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.

Tools & Templates

Career Development Plan

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.

Tools & Templates

Role Transition Plan Template

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.

Tags

retention, performance, turnover, exit, termination, departure, succession, resign, Voluntary, resignation, involuntary, baby boomer

Related Content


Plan for the boom, or risk going bust.

Solution Road Map

Other Solution Sets in Workforce Planning

  1. Develop a Departmental Strategic Workforce Plan
    Define the right talent and drive your business forward.
  2. Vendor Landscape Plus: Workforce Management Solutions
    You can't always get what you want, but if you try, you can get a WFMS that meets your needs.
  3. Go Beyond Affirmative Action and Leverage Diversity
    Stop thinking about diversity as a legislative requirement - leverage it for business success.
  4. Mitigate the Risk of Retirement with Scalable Succession Planning
    Use the Baby Boomer bubble to focus your efforts.
  5. Plan for a Heterogeneous Workplace by 2020
    Don’t let the frenzy of future work styles leave you in the past.
  6. Develop a Telework Program
    Expand employee work options to increase employee engagement and performance results.
View the full Solution Road Map