Human Resources: How to Reverse the Loss of Experienced Talent
3. Consider adding more part-time employees. Most companies think they need to create and fill only full-time positions. But consider the merits of job-sharing, and offer the program to retirees and college students. Hire two people who can share the job and cross-over one day or for a half-day each week to brief one another, review progress, and decide who’s responsible for what in upcoming projects. This arrangement will meet both groups’ needs for time outside of work.
4. Offer appropriate benefits. Many experienced part-time employees don’t need certain benefits like sick leave and vacation time, because you’re not employing them full-time. But they still may need health care or long-term care plans. Consider offering them summers or winters off to pursue adventures or just to relax.
Similarly, interning or part-time college students don’t need full standard benefits packages. They may get health insurance from their schools or parents, for example, but perhaps they need tuition assistance or college credit for the time they work in your organization.
One word of caution: If you offer cafeteria-style benefits that allow employees to choose from a wide list of options, make sure you’re following all applicable Federal regulations. You may need to offer such options to all your employees, not simply to certain individuals who you feel need it.
5. Mentor existing staff early. In addition to bringing in college students and recent grads, part of your process when vacancies occur must be a plan to mentor your existing employees. Most organizations don’t nurture less experienced employees in order to bring them up through the ranks.
Because you statistically are unlikely to lure all of your retirees back, you need to use your experienced but pre-retirement employees for this mentoring role. When their talents and experiences mean they no longer have to fight for their own careers anymore, that’s the time to enlist them to develop other people who can one day take their place, allowing you to promote from within.