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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. Following a well-executed kickoff, the project manager can get things rolling.

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Strategic workforce planning: why and how to begin

Insperity

What do we have to do exceptionally well to win? 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? What do we want as a company five years from now?

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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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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. Cross training. Train other employees on the position so that they can fill the gap if the caregiving employee must take an indefinite leave. 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.