3 Ways to Prepare for the Retirement Boom

Cornerstone On Demand

Today, I'll explore a topic leaders have been hearing for a while, but not yet heeded: Baby boomers are reaching retirement age. Baby boomer retirement means over 40 percent of the 9-to-5 corporate workforce will be gone in the next decade. If the baby boomers don't retire?

Companies Are Not Prepared for Aging Workers

HR Bartender

The challenge is reframing the retirement conversation. Years ago, retirement was like resigning. You went into the office one day and you said, “I’m retiring.” When you retired, you stopped working and started collecting your pension.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Government Talent Crunch: Why Training Matters More Than Ever

Cornerstone On Demand

They're facing personnel cuts, pay freezes and disappearing budgets—just as baby boomers begin to retire. And as agencies race to fill vacant or soon-to-be-vacant positions, training programs often get slashed first, says Richard Greene, a principal with Barrett and Greene Inc.,

Future Friday: The future of retirement is in danger!

OmegaHR Solutions

A large number of employees don’t plan for retirement. A just released report indicates that the retirement life for a large part of the population, around the world, is going to be dire in ten to thirty years. The answer is training and education.

Work Journals Help Employees Accomplish Their Goals

HR Bartender

A participant in one of my training sessions labeled it a “ Step Away from the Kumbaya ” activity. Or looking to plan a retirement strategy? Career Development Strategy and Planning Training and Development Well-Being and Wellness Leadership and Management training and development

How To Build a Successful Mentoring Program

HR Bartender

The Boomer generation is planning to leave the workforce (or at least transition to part-time or semi-retirement). The Boomer generation is planning to leave the workforce (or at least transition to part-time or semi-retirement).

How To 472

6 Steps to Take Before Key Employees Retire

ATD Human Capital

An increasing number of workers are approaching retirement age in the United States. One organization that is facing this threat of impending retirements is KONE, a major Finnish company (with a large U.S.

Your 5-Day Plan to Learning Pinterest

HR Bartender

They have several boards such as “Making a Difference”, “Careers and Job Hunting”, and “Saving for Retirement”. Career Development Consulting HR Tech and Social Media Training and Development Recruiting and Retention social media

A Few Thoughts on Nonqualified Deferred Compensation Plans

Something Different

This is important because qualified plans don’t allow high earners to put away a large enough percentage of their income to prepare for retirement. Benefits 401k hr human resources NQDCP retirement

What Are We Retiring From?

Thrive Global

I’m noticing right now that a lot of my ministerial colleagues are retiring. The classic picture of retirement that gets pitched to people by insurance companies, housing developers etc. CT 16, 2015”. The Journey Continues.

Retirement Plans 101

HR Daily Advisor

When it comes to retirement planning, the options can sometimes seem overwhelming. Individuals may be able to participate in employer-sponsored plans, and they may also have their own separate retirement savings. Today and tomorrow, business consultant and HR Daily Advisor contributor Bridget Miller provides the basics on the various retirement benefit plans that employers may offer to employees. A defined benefit plan pays a set amount upon retirement.

Retain Your Older Workers (It’s Good for Business)

UpstartHR

According to a recent CareerBuilder survey, more than half of workers over age 60 plan to continue working in some capacity after retiring from their current career. The Risk of Employee Retirement When I was working as an HR Director several years back, an employee called me and told me he planned to quit. With him gone it would be virtually impossible to train someone without his expertise. General Benefits Retention Retirement Strategic HR Strategy

Boomer Exodus—the Benefits of Partial and Trial Retirement

HR Daily Advisor

workforce continues to see an entire generation reaching retirement age, the issues surrounding transition into retirement become more and more prominent. Let’s take a look at some retirement transition options and what both the employer and employee can gain from them. Retirement Transition Options. For employers, assisting with retirement transition can mean many things. Employer Benefits to Offering Partial or Trial Retirement.

Why You Need a New Strategy for Retaining Female Talent

Cornerstone On Demand

Four shifts, in fact: Women are leaving the corporate world; nearly half of Americans will be retiring from the workforce in the next decade; minorities are now the majority; and freelancing is the new 9-to-5. There are big changes coming to American companies.

Ready or Not, Here Comes Generation Z

Cornerstone On Demand

Be ready to teach and train them. But due to automation, high unemployment and Baby Boomers reluctant to retire, Gen Z is being shut out of these early life experiences. For managers still trying to figure out the Millennials, I have some disturbing news.

The HR Leadership Revolution — Will You Thrive?

Visier

New, first-time workers are barely replacing workers who are retiring. You should also consider making data literacy training a key component of development programs for you, your HR business partners, as well as line managers.

CHRO 410

Why Addressing the Aging Workforce in Manufacturing Requires New Tactics

Cornerstone On Demand

As Baby Boomers reach retirement, the manufacturing industry is facing a skills dilemma. As more and more workers reach retirement, finding and training younger talent to replace experienced employees is become increasingly difficult.

The 5 Philosophies of a Great L&D Program

Grovo HR

Training is an important function of any L&D program. But training is not the use case around which you should seek to build your learning program. Think of training as the preparation it takes to hit short-term performance goals. “Long-form training?

Grovo 158

Beware the "Gray Ceiling": How to Manage a Multi-Generational Workforce

Cornerstone On Demand

Thanks to a combination of delayed retirements, improving-but-still-slow job growth and increasing life expectancy, older workers are waiting longer to exit the workforce—meaning millennials and generation X employees who were poised to take the field have hit an unforeseen obstacle: “ the gray ceiling." Each of these groups has different needs and wants, from attitudes about career to vacation schedules and training and development.

Webinar: What Government Leaders Need to Know About Succession Planning

Cornerstone On Demand

These challenges are compounded by the looming departure of an entire generation of government employees as Baby Boomers prepare to retire.

The 'Unbundled' Organization Will Win the Talent War

Cornerstone On Demand

" She was trained in a "hire-to-retire" mindset, and her talent battles were won with great succession planning, performance management, learning and development and robust benefits packages. Today employees no longer want to work at one company from hire until retirement and, in some cases, don't want to work for a company at all. Meet Cindy.

CHRO 356

Why the Buzz about Employee Engagement and Company Culture?

CultureIQ

According to Deloitte’s Global Human Capital Trends 2015 , company culture and employee engagement is a driving issue for the top companies in the world. For the most part, they no longer prioritize staying at a single job until retirement, and instead, they are more likely to choose a job that interests them and aligns with their passion and values.

How HR Can Tackle Diversity Using the Rooney Rule

Visier

In August 2015, the need for more workforce diversity was spotlighted in a big way when President Obama issued a call to action to technology companies, encouraging them to hire more women and minorities by implementing the Rooney Rule.

3 Ways to Engage the Next Generation of RNs

Cornerstone On Demand

As experienced nurses retire and healthcare reform expands coverage, the need for nurses is exceeding the supply. With a talent shortage and an increasingly young workforce, it's critical for hospitals to provide access to education and training for nurses.

From Hire to Retire…Technology Overview

NGA Human Resources

Two of management’s biggest challenges are effectively onboarding and offboarding—respectively, the seamless integration of new workers into the system and the removal of those retiring— while ensuring that the company consistently maintains the capacity for achieving its mission and business goals.

Facing a Dearth of 'B Team' Talent, Governments Give Thanks, Stakes and Purpose

Cornerstone On Demand

are facing a common HR problem: They lack a strong “B team," or trained and experienced employees who are ready to replace soon-to-retire veterans and move into leadership roles. Governments invest heavily in training new hires, who don’t become productive for a year or more. State governments across the U.S.

Benefits That Employees Value More than Pay Increases

Something Different

401(k) plan, retirement plan and/or pension: 31%. on-the-job training, professional development): 19%. Of note 401K/Pension is 5th on the list at 31%, meaning that just under a third of employees value retirement benefits from employers more than increased salary.

More Retirement Plan Options—Which One Is Right for Your Business?

HR Daily Advisor

In yesterday’s Advisor , business consultant Bridget Miller wrote about some of the options out there for employer-provided retirement plans; today, Miller provides some more retirement choices for employers to consider. Individual Retirement Accounts, or IRAs, are commonly associated with individuals rather than businesses. HR.BLR.com is your one-stop solution for all your HR compliance and training needs.

Making the Most of Employment Branding

HR Daily Advisor

They want to be kept in touch with, and that includes … retirees who, because of the stock market and things like that, might reconsider their retirement and want to come back. Friday, October 2, 2015. Train Your Entire Staff.

The Win-Win of Leveraging Baby Boomers

China Gorman

What will retirement look like for me? When will I want to retire (because it certainly is the last thing on my mind now…)? Offer Skills Training. Train Managers and Supervisors. Provide Support for Retirement Planning.

Taking a closer look at two major trends in the workplace

Ceridian

In 2015, there are numerous trends taking the business world by storm, many of them related to ongoing trends in employee demographics and business technology. For example, we’re seeing a constant shift in who dominates the workforce – while previously, boomers had greater numbers and more power, they’re now beginning to drift away into retirement […].

The Recognition Landscape Isn’t Changing Much

China Gorman

Also notable is the drop in retirement recognition programs as a prevalently used program. Only 12% of organizations in 2013 reported training managers on recognition programs.

100 SHRM Chapter Seminar Program Ideas

UpstartHR

No, really, please use the 401k: how to drive engagement in retirement plans. Get outta here: how to prepare your employees to retire. Hands off: supervisor training essentials. How to keep people awake in training (without using coffee). Why you need to train your supervisors. Anylearning: How to encourage employees by offering non-work related training.

How To 144

Employee Engagement Through Training and Education Opportunities

Hospital Recruiting

Not only that, employee engagement improved to 82% and participation improved 90% in 2015 ( Press Ganey 2016). Training and Education. communication regarding the training, interaction, and feedback. Doing so allows your staff to complete the training at home or work.

The HR Leadership Revolution — Will You Thrive?

Visier

New, first-time workers are barely replacing workers who are retiring. You should also consider making data literacy training a key component of development programs for you, your HR business partners, as well as line managers.

CHRO 195

5 ways to encourage collaboration between Generations X and Y

Ceridian

There are two undeniable trends happening in the present day – one, the baby boomer generation is gradually moving into retirement, and two, millennials are entering the office in full force. Employee Engagement communication skills employee training generation X Generation Y HCM HR human capital management Human resources millennial

The Benefits of Employee Mentoring Programs

HR Daily Advisor

This is especially important as more and more Baby Boomers retire, and mentoring can even factor into employee succession programs. Be an important component of onboarding and training for new employees. Training benefits business employee engagement HR