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The big boom: The ABCs of preparing your company for the exodus of retiring baby boomers

Rehmann

is on the brink of an inevitable employment crisis: the Baby Boomer generation – comprising nearly 75 million Americans – has begun to retire in large numbers. In 2010, the percentage of retired baby boomers was 10 percent; that figure has nearly doubled today. Collect data on when key employees plan to retire.

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Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

With baby boomers heading into retirement — by 2050 an estimated 88.5 But there is another retirement population that is perhaps even more worrying to them: nurses. This means that more than one million RN’s will reach retirement age within the next 10-15 years, leading to a drastic shortage of skilled, tenured nurses.

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How to Solve Hiring Problems in Manufacturing with Employee Recognition

Semos Cloud

million in 2010. As more workers migrated to white-collar jobs, and seasoned professionals move closer to retirement, the entire manufacturing sector faces an unprecedented number of missing laborers. The situation will only worsen because of older professionals’ retirement rates. million (in 2000) to 17.8

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5 Hiring and Retention Strategies for Healthcare | ClearCompany

ClearCompany HRM

High-turnover industry: Employee turnover in healthcare has risen since 2010, a decade before we saw it skyrocket during the pandemic. Retirement: Retirement was a top reason healthcare workers left their jobs over the past few years. Today, it remains higher than pre-pandemic levels.

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Diagnosing and Preventing Nurse Burnout Using People Analytics

Visier

According to a 2010 study of California’s policy by Linda Aiken, et al., As baby boomers reach post-retirement age, their demands on the healthcare system increase. It’s a prevalent problem industry-wide. 29% of nurses in California experienced high burnout, compared with 34% of nurses in New Jersey and 36% of nurses in Pennsylvania.

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Generational Diversity in the Workplace 2022

EmployeeConnect

We have seen a trend where people are retiring later, so for perhaps the first time we have 5 generations in the workforce. Generation Z: Generation Z comprises individuals born between 1998 and 2010. Before understanding the importance of Generational diversity in the workplace we must unpack what generational diversity refers to.

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Employee Benefits Management: Getting the Most Out of Your Benefits Plan

Netchex HR Blog

Optimize your benefits to better serve workers, and the results should be cost-effective for the whole company, reducing the expense of turnover and recruiting. You might offer a partial match on programs like retirement savings, but other voluntary benefits are relatively inexpensive for the company. Maintain compliance.