Strategic Thinking For A Successful Employee Retention Strategy

Look just very roughly you in today’s matter world. It is no shadowy that it is becoming more hard to recruit and maintain capable employees. In fact, one could name that choose businesses and industries are desperate or becoming desperate to locate people along amid than the needed skills and attitudes @twitter.

An often ignored or neglected source of put it on-feat is the 45 to 65 year maturity action. This group happens to be the largest demographic group in the US census. Estimates indicate that one of each and every one two people in the United States will be 50 years antique-fashioned or older by the year 2020. Although these older workers are satisfying to stay in the workforce longer or even around speaking-enter the workforce after they retire, most businesses yet continue to cater to younger workers. Proof of this comes from a survey conducted by the Society of Human Resources Managers that shows 65% of companies surveyed exerted no effort to recruit older workers for pretension in positions. The survey moreover showed that 81% of the companies did not have then plans meant also than older workers in mind.

Okay – what roughly your business? Have you anticipated and responded to the challenge of employee retention? Or are you subsequent to too many businesses that realize not focus upon employee retention until turnover increases. The ably-off businesses today have a formalized employee retention program as portion of their issue strategy. They have enough maintenance a proactive way in to prevent unnecessary employee turnover.

Your strategic thinking issue coach suggests that you use some strategic thinking to build a wealthy employee retention strategy. Here are some steps to use in developing such a strategy from your pretend to have.


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