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To get a better handle on what’s new in succession planning, we turned to BLR’s newly-published Top 10 Best Practices in HR Management for 2012. We’re dealing with an aging workforce. For example, the Bureau of Labor Statistics reports that over one-third of the civilian employees working for the federal government are eligible for retirement. […]
We can’t avoid a simple fact—We’re dealing with an aging workforce. For example, the Bureau of Labor Statistics reports that over one-third of the civilian employees working for the federal government are eligible for retirement. The same situation exists, but to a somewhat lesser degree, in the workforce as a whole. Companies can’t duck the […]
Traditionally, succession planning focused on an orderly transition at the top of the company. Today the focus is on dealing with the coming “brain drain” most companies will experience as baby boomers begin to retire. To get a better handle on what’s new in succession planning, we turned to BLR’s newly-published Top 10 Best Practices […]
ERIPs are a win-win, the attorneys say, because: Employers benefit from reducing wages and other costs associated with senior workers, and avoid the negativity associated with a RIF Employees benefit because a portion of that cost savings is passed to retiring workers who can retire earlier than they otherwise might. Anderson, a member of Miller […]
ERIPs (Early Retirement Incentive Plans) achieve a “win-win” for both employer and employees, say attorneys Chris Anderson and Sarah C. Maxwell, but there are legal pitfalls when the rules aren’t followed exactly. ERIPs are a win-win, the attorneys say, because: Employers benefit from reducing wages and other costs associated with senior workers, and avoid the […]
By Marcia Akers Baby Boomers are now entering their retirement years while some members of “The Greatest Generation” remain in the workforce. Gen Xers and Yers are looking for advancement and rewarding entry-level positions. This first-ever phenomenon of having four generations in the workplace at the same time is creating challenges for employers, including how […]
Can a workplace wellness program actually result in a return on investment in your workplace? Can you really change your employees’ behavior and overall health and wellness? There are ample reasons to be skeptical: Wellness programs cost money and time. They are preventive and preemptive, which can be tricky when it comes to proving cost […]
Could software solve your diversity problems? The National Science Foundation thinks so. The federal agency awarded a $450,000 Small Business Innovation Research grant to the Boulder, Colorado, tech firm OptTek Systems, which plans to build a software application that can improve an organization’s ability to strategically plan and manage its workforce. Issues such as limited […]
With the enactment of the Pension Protection Act of 2006 (PPA), plan sponsors were given a freedom they didn’t have before. The legislation, which William Arnone of Ernst & Young calls “the most far-reaching legislation impacting benefits since ERISA,” enables plan sponsors to offer employees investment advice without exposing themselves to liability for the outcome […]
The Bureau of Labor Statistics estimates that by 2014, 21% of America’s workforce will be at least 55 years old. According to AARP estimates, that number could be even higher. As a result, you need to prepare for an aging workforce. With a wave of baby boomers set to retire and a consequent looming worker […]