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

Rehmann

As featured in Jackson Magazine. 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. Prepare your people.

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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. Training happens, expectations are set, and procedures are introduced – but none of these things are written down. That is, unless you have a system for regularly capturing institutional knowledge.

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Strategic workforce planning: why and how to begin

Insperity

Companies with more resources may use predictive people analytics to identify certain risks like turnover and retirement. For example: Would it be best to train your people or plan to hire from the outside? Decide which roles are critical to current and future success.

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

Insperity

It can be a voluntary departure like a retirement or a job change, or an involuntary departure, like a layoff or a death. However, if your business is seeing a wave of retirement-related attrition and you’re struggling to hire new people, attrition can be a red flag that you’re about to face a staffing crunch.

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

Insperity

These include: Title VII of the Civil Rights Act of 1964 The Americans with Disabilities Act Amendments Act The Pregnancy Discrimination Act The Equal Pay Act The Employee Retirement Income Security Act. Cross training. Download and read our complimentary magazine: The Insperity guide to employee retention. Reduced workload.

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The Perfect Retirement Gift Ideas For 2021

Vantage Circle

Retirement is a major milestone in an employee's life. While such a celebration might not be possible these days, you can ensure that they receive the perfect retirement gift! But before we get to the ideas, let's have a look at some tips to keep in mind while choosing the perfect retirement gift. Personalize It. Personalize It.

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The Perfect Retirement Gift Ideas For 2021

Vantage Circle

Retirement is a major milestone in an employee's life. While such a celebration might not be possible these days, you can ensure that they receive the perfect retirement gift! But before we get to the ideas, let's have a look at some tips to keep in mind while choosing the perfect retirement gift. Personalize It. Personalize It.