Baby Boomers and other older, more experienced employees are planning to retire in droves. However, when they leave, amazing multi-decade experience and connections will leave the company. For this reason, many companies are working on plans on how to retain these valuable employees when they choose to retire. What kind of strategy would be recommended for companies to take in order to not lose this potential talent and know-how? Why?
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Baby Boomers and other older, more experienced employees are planning to retire in droves. However, when they leave, amazing multi-decade experience and connections will leave the company. For this reason, many companies are working on plans on how to retain these valuable employees when they choose to retire. What kind of strategy would be recommended for companies to take in order to not lose this potential talent and know-how? Why?
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- What are the potential advantages and disadvantages of using the nine-box grid for talent reviews? Explain the four steps in onboarding. What should new hires learn at each step? How might social media or the Internet aid the onboarding process? What is bench strength? Is it important for companies to have bench strength? Why? How does succession planning influence a company’s bench strength? What are some of the challenges of succession planning for family businesses?Companies typically keep their succession plans secret from the affected employees, so nobody really knows where they are on the company’s ‘depth chart.’ Is this a good idea, or should companies be more open about this process?key to tackling the talent war in the health sector is strategic planning for succession. At any given time, a senior member of your team could resign or suffer an unexpected health emergency. The only way to move forward without major organizational disruption is through planning for such occurrences. In this assessment, you will gain experience benchmarking succession planning strategies based on current trends. Assume your highest performing tenured manager of a 20-person department unexpectedly submitted her 2 weeks’ notice. Your next most tenured employee in the department has only 2 years of experience and is not ready to assume the position at this time. Additionally, there is a major health care organization in your area that seems to have the first pick when recruiting the talent you really need. The executive team for your organization has asked you to address this situation. Read “Using the Performance Values Matrix Alongside a 9-Box Grid” from Performance Culture, Inc.…
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- Due to organizations’ increased demand for talent, it has become essential for organizations to look for ways to save time and money at each stage of their recruiting process. The best strategies for improvement dig into the data to identify opportunities for unification and structure, then plan for addressing those concerns with efficient solutions. As a result, creating an efficient recruitment process is becoming more and more important for maintaining company profitability. Vacant positions cost money, strain resources, and stress existing staff. And, the longer positions are open, the higher the price. With every employee having a direct and measurable impact on a company’s bottom line, organizations must find new ways to discover quality talent faster. But, building a better recruiting process can be an overwhelming undertaking for any human resource/ talent acquisition department. Explain contemporary recruitment and selection process to save time and resources and get the best…Due to organizations’ increased demand for talent, it has become essential for organizations to look for ways to save time and money at each stage of their recruiting process. The best strategies for improvement dig into the data to identify opportunities for unification and structure, then plan for addressing those concerns with efficient solutions. As a result, creating an efficient recruitment process is becoming more and more important for maintaining company profitability. Vacant positions cost money, strain resources, and stress existing staff. And, the longer positions are open, the higher the price. With every employee having a direct and measurable impact on a company’s bottom line, organizations must find new ways to discover quality talent faster. But, building a better recruiting process can be an overwhelming undertaking for any human resource/ talent acquisition department. Explain contemporary recruitment and selection process to save time and resources and get the best…You have recently been promoted to the position of president of the division from your current role as VP of accounting and finance. Many people thought that the VP of sales and marketing would get the position, but you and he had always been friendly, and you thought that things would go smoothly. After about six months in the new position, you notice that he has been fighting you in small and subtle ways. You recognize his value, so you decide to let things play out and even mention other possibilities for promotion within the organization that he could apply for and that you would be supportive. After 11 months, things have not improved, and you are considering letting your colleague go. You are hesitant, however, because your organization needs a strong sales and marketing department. What should you do? If this power struggle continues, how do you think it will affect the larger organization?
- You are the VP of a line of business at an international manufacturing company. You and several of yourlong-time colleagues will be retiring over the next few years, and you need to start thinking about talentand succession planning. You are going into a talent review discussion next week, and you’re realizingthat you have a dearth of potential within your organization. What are some actions you (and HR) cantake now to ensure that your business unit isn’t floundering when you leave for retirement?During an interview the two questions that will usually be asked are, what are your strengths and weaknesses and why do you want to work here.How invested should a company be in hiring and providing benefits to their hires? Is it too demanding for certain companies to expect nothing but high standards for who they hire, or should they provide opportunities to those with different goals that don’t have certain qualities?
