Workforce management news is not good for U.S. employers.
1. Did you know that 40% of the U.S. workforce is nearing retirement?
2. Did you know that by 2010, 64 million baby boomers will be retiring or close to retiring?
3. How will your company function with 4 out of every 10 of your employees aren’t there tomorrow?
4. Did you know the current replacement pool for these positions is about 10% smaller?
So what proactive workforce management actions are you taking in anticipation of this obstacle that will dramatically affect your ability to achieve your desires results?
Possibly, you saw the graying of your workforce and maybe were even hoping for that retirement day when you could reduce your labor costs. Unfortunately, you did not know that the potential labor pool was 10% smaller. This vital piece of information could negative any savings that you had previously anticipated.
So what strategies have you implemented in anticipation of this labor shortage?
First, maybe it is time to review your current workforce and identify key individuals. Key individuals are those who you know are directly responsible for increasing sales or indirectly responsible for their behind the scenes efforts.
Then, make sure that key individuals are in each department within your organization. This may be the time to learn if those nearing retirement are thinking of actually retiring. Also, now is the time to review current workforce development and strengthen relationships with existing key employees who are not near retirement, but could jump ship.
Consider implementing an internship program to begin to build relationships with individuals who will shortly be entering the workforce.
Finally, establish a strategic plan to replace any retiring workers. This may require some innovation including recruiting, job sharing and telecommuting.
Now that you know that the future workforce is going to be tight and therefore highly competitive, you are now proactive and ahead of the curse instead of reactive and behind the infamous 8-Ball.
Strategic Planning Is About Workforce Management for Future Business Success - To learn more about this author, visit Leanne Hoagland-Smith's Website.
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Leanne Hoagland Smith
Are you or your business where you want to be? Are you facing constant struggles in business or life in general? Would you like to "unlock" those obstacles keeping you from greater business or personal success? As your results partner, we can work together to unlock those desired results by achieving tomorrow's solutions today. Let’s use your strengths for real change through proven and affordable solutions where the real problems are identified. Are you seeking loyal customers, great attitudes, increased sales, improved profitability or just some sleep filled nights? Then we should talk because my clients have experienced exactly those types of results. Learn more about customer loyalty at http://www.processspec ialist.com/customer-loyalty.htm Give me a call 219.759.5601 for a free strategy session. I look forward to speaking with you. P.S. If you are seeking a motivational speaker, sales trainer or small business expert that will leave your audience smiling and remembering, please feel free to contact me at 219.759.5601. - Visit Leanne Hoagland Smith's Website |
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Leanne Hoagland-Smith
(Visit Leanne's Website)
Are you or your business where you want to
be? Are you facing constant struggles in
business or life in general? Would you
like to "unlock" those obstacles keeping
you from greater business or personal
success?
As your results partner, we can work
together to unlock those desired results
by achieving tomorrow's solutions today.
Let’s use your strengths for real change
through proven and affordable solutions
where the real problems are identified.
Are you seeking loyal customers, great
attitudes, increased sales, improved
profitability or just some sleep filled
nights? Then we should talk because my
clients have experienced exactly those
types of results.
Learn more about customer loyalty at http://www.processspec
ialist.com/customer-loyalty.htm
Give me a call 219.759.5601 for a free
strategy session. I look forward to
speaking with you.
P.S. If you are seeking a motivational
speaker, sales trainer or small business
expert that will leave your audience
smiling and remembering, please feel free
to contact me at 219.759.5601.
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