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How to capture institutional knowledge

Insperity

However, when a well-tenured person does retire or resign, a substantial reserve of company-specific insights may be lost. Following a well-executed kickoff, the project manager can get things rolling. That is, unless you have a system for regularly capturing institutional knowledge. What is institutional knowledge?

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Want to offer support for caregivers of aging relatives? Read this

Insperity

Organizations lending a hand will earn a reputation for valuing family, as well as their bottom line – a plus when it comes to employee recruitment and retention. Download and read our complimentary magazine: The Insperity guide to employee retention. But it also presents an opportunity. Start an affinity group.

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Attrition versus turnover: What’s the difference and why does it matter?

Insperity

But not only can turnover and attrition have potential upsides, they can also provide insights about what your organization does well and where it can improve. It can be a voluntary departure like a retirement or a job change, or an involuntary departure, like a layoff or a death. And senior talent may be looking forward to retiring.

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5 steps to kick-start your succession plan via your org chart

Insperity

But no matter your size, a well-designed organizational structure should be an integral part of your strategic planning. Now, think ahead to the future: Are any employees in your most influential roles nearing retirement ? How would you keep operating well in those areas should a vacancy arise for any reason?

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

workers better prepare financially for retirement, at every stage of their employment journey. workers who have not been able to save enough money to retire have delayed their transition into this next stage of life because of current economic conditions and record-high inflation. The SECURE 2.0 For many U.S. The SECURE 2.0

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The Future of Benefits is Flexibility

UKG

Employees can convert their unused PTO into anything they deem valuable, like retirement contributions, leave sharing, charitable donations, student loan payments, and more. For example, if your employees want to boost their retirement savings, they can convert their unused PTO to retirement contributions.

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Hiring for diversity vs. skill sets: How do you find a balance?

Insperity

If your workforce is primarily made up of Baby Boomers, consider diversifying by adding younger people who can take over as your older workers retire. Does that delivery driver really need to be a man or could a woman do the job just as well? Do you really need a full-time person or would a part-time employee work just as well?