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Career development planning and the changing workforce

Brought to you from Sage HRMS

Career development planning and the changing workforce

Why the transition between different generations of workers makes it more important than ever.

As the economy continues to improve after the long recession, today’s companies are facing a number of workforce issues that seriously affect their performance and profitability; foremost among these is the problem of maintaining an experienced workforce in the midst of a generational shift of seismic proportions. The business world is at a significant crossroads today as massive numbers of Baby Boomers have started to retire. With the Boomer drain set to continue unabated over the next decade, one of the greatest challenges facing human resources managers is replacing the decades’ worth of invaluable knowledge and skills possessed by experienced Boomers. How can you ensure your company is ready to overcome the dreaded skill gap so it doesn’t falter and experience a significant drop off in productivity? This white paper will examine the changing workforce, the skill gap crisis, the importance of managing and developing your workforce, and the most practical and effective ways to go about it.