| Workforce management news is not good for U.S. | | | | are those who you know are directly responsible for |
| employers. | | | | increasing sales or indirectly responsible for their behind |
| - Did you know that 40% of the U.S. workforce is | | | | the scenes efforts. |
| nearing retirement? | | | | - Then, make sure that key individuals are in each |
| - Did you know that by 2010, 64 million baby boomers | | | | department within your organization. This may be the |
| will be retiring or close to retiring? | | | | time to learn if those nearing retirement are thinking of |
| - How will your company function with 4 out of every | | | | actually retiring. Also, now is the time to review current |
| 10 of your employees not there tomorrow? | | | | workforce development and strengthen relationships |
| - Did you know the current replacement pool for these | | | | with existing key employees who are not near |
| positions is about 10% smaller? | | | | retirement, but could jump ship. |
| So what proactive workforce management actions | | | | - Consider implementing an internship program to begin |
| are you taking in anticipation of this obstacle that will | | | | to build relationships with individuals who will shortly be |
| dramatically affect your ability to achieve your desired | | | | entering the workforce. |
| results? | | | | - Finally, include workforce management and |
| Possibly, you saw the graying of your workforce and | | | | workforce development as two critical success |
| maybe was even hoping for that retirement day when | | | | factors within your strategic plan as you plan to |
| you could reduce your labor costs. Unfortunately, you | | | | replace any retiring workers. This may require some |
| did not know that the potential labor pool was 10% | | | | innovation including ROI driven people development |
| smaller. This vital piece of information could negate any | | | | (soft skills), recruiting, job sharing and telecommuting. |
| savings that you had previously anticipated. | | | | Now that you know that the future workforce is going |
| So what strategies have you implemented in | | | | to be tight and therefore highly competitive, you are |
| anticipation of this labor shortage? | | | | now proactive and ahead of the curve instead of |
| - First, maybe it is time to review your current | | | | reactive and behind the infamous 8-Ball. |
| workforce and identify key individuals. Key individuals | | | | |