Human Resources: How to Reverse the Loss of Experienced Talent
6. Develop a plan to deal with retiring talent. An essential element of dealing with the mass exodus of valuable experienced baby boomers is to be aware of what’s happening -- that your best people may be retiring -- and begin your planning early. Even if they’re not retiring, perhaps simply planning to leave the organization because they’ve decided it’s time to move on, experienced employees usually will talk about their plans in evaluations and performance reviews, giving you the opportunity to react accordingly. The better prepared you are for this coming and growing trend, the more apt your company is to remain profitable, despite staff changes.
Marsha Lindquist is a business strategist, author, speaker and chief executive officer of The Management Link, a business development consultancy. She can be reached via e-mail at email@example.com or via her Web site, http://www.marshalindquist.com.