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Turnover in the United States is higher than many people think. According to the Bureau of Labor Statistics, the turnover rate across a wide range of industries in the private sector was over 47.4% annually in 2017, and that number has increased steadily from 42.3% in 2013. So, businesses need to be prepared to lose employees […]
Managers can be so busy at work sometimes that it’s almost inconceivable for them to think about anything beyond the present day or even hour. And, while many business leaders wisely set aside time to think about 1-year, 3-year, or 5-year plans, far too few spend time thinking about where their current workforces will be […]
Unemployment is at record lows, and Baby Boomers are leaving the workforce at increasing rates. For companies that are struggling to fill roles, they should look to current employees to make lateral moves to help fill the void. However, companies need to know how to retain workers in order to keep them around.
Succession planning is a great strategy for filling roles left by retiring employees, but due to a skills shortage across many industries, employers are using succession planning to help fill their immediate talent shortage needs.
Do you have a succession plan in place? If not, you may want to consider one, as turnover is a fact of life for any business. Whether due to an employee retiring, leaving for a different opportunity, or being promoted or moved to a different position, businesses frequently need to fill roles due to turnover. Some […]
Retirement decisions cannot be divorced from a person’s age. When asking questions about retirement, employers should be cognizant of age discrimination laws and the implications of making such inquiries. Applicable laws Age discrimination is governed by both federal law and the laws in most states. The federal Age Discrimination in Employment Act (ADEA) applies to […]
Succession Planning, a recent report from the Center for State and Local Government Excellence (SLGE) in partnership with Kronos and the International Public Management Association for Human Resources (IPMA-HR), describes how state and local governments use succession planning as an integral part of their strategy to attract, engage, and retain employees.
by Joanne Wells, Manager, Learning Center of Excellence, Halogen Software Among the many factors threatening an organization’s future is the threat of suddenly facing critical vacancies and the subsequent disruption in leadership, business continuity, or special knowledge and skills unique to the organization. With looming retirements and the increasing propensity of talented employees to change […]
By Michael Timms Yes, I realize that saying “recruiting is broken” may sound like something Donald Trump would say if he was in the HR business. But as inflammatory as it may sound, it’s true. Think about it. Is your recruiting process delivering, on a regular basis, the top-tier leaders that your company is desperately […]
by Mark I. Schickman Pop Quiz #1: Your 26-year, highly successful employee Kelly is popular with both employees and your customer base. Five years ago, she successfully inherited the work of an old-time employee, keeping his customers happy and adding more! Four years ago, Michael was hired and assigned to assist her; under her tutelage, […]