A perfect storm is brewing in your workforce. Baby boomers are reaching retirement age, employees are afraid to leave their jobs despite increased dissatisfaction, and a fickle generation is entering the workforce. All the while, it is getting increasingly more expensive to hire an external candidate for an open position.
The best way to prepare for the changing landscape of your workforce is with state-of-the-art talent management and succession planning tools. Chances are, you have the talent within your company you’ll need going forward—you just have to discover it, nurture it and find the best way to use this talent. Don’t be caught unawares when the economy improves and your employees start to leave. Instead, prepare now for the economic recovery so employees know they will have a bright future should they choose to stay.