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The Retention
Crisis
May
2006 Newsletter
By now, we've
heard it many times: we are on the verge of a
retention crisis. With key leaders who possess
valuable knowledge and company insight preparing to
retire and a shortage of well-prepared, highly trained
people to replace them, many companies are facing a
critical challenge. OI Partners works with
companies daily who are dealing with this issue.
We've included some insightful articles in this month's
newsletter to help you better prepare if this is
something your company is facing,
too.
Separately,
if you are attending the upcoming SHRM Conference in
Washington, D.C. (June 25-28), OI Partners invites you
to join us on Hotel Washington's Sky Terrace on Monday,
June 26, from 5-9 p.m. The Sky Terrace overlooks
the White House and other historic landmarks.
Michael Flynn, a world-renowned sommelier, will conduct
a fine wine tasting and food pairings demonstration
during the evening. Mr. Flynn is D.C.'s finest and
most award-winning sommelier. He serves as wine
director for Kinkead's and Colvin Run Tavern, two of
D.C.'s most famous restaurants. The Sky Terrace is
on the 11th floor of Hotel Washington at
15th & Pennsylvania
Ave.
Please R.S.V.P. by June 20 to Vicki Carr at
508-820-3030 or vcarr@oipartners.net.
Please also stop by our booth at the show:
1104-1106. We hope you can join us!
Joyce
Blazen
OI Partners
(Flint and
Detroit area,
MI)
Please
click on the links below to read the complete
articles.
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Workforce
Retention: A Growing Concern
While the U.S.
economy is currently robust, employers may soon
face major challenges with employee turnover and
retention. The steadily improving job market and
the coming retirement of the baby boom generation
are on a convergence course, potentially resulting
in an expanding economy restrained by a shrinking
labor pool-a scenario likely to produce an excess
demand for talent, drive up
... |
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Strategies
for Retaining Retirees
The first baby boomers will turn 60 this year,
2006. And thoughts of being 60 years old lead to
thoughts of retirement. Though, retirement for the
boomer generation is very different from the
retirement model experienced by their parents.
Today's retirees are not looking for a gold watch
and a retirement party. They are looking for
opportunities to remain vital, utilize their
skills and knowledge and make a
difference. |
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The
Great Global Talent Race
Standing out from the crowd to attract and
retain the best workers in ever-shifting locales
is the global business challenge. Workforce
management is an extreme sport in Hyderabad,
India,
a first-tier offshore hotspot where foreign
multinationals compete with Indian companies for
software engineers and managers. In the mad
scramble to recruit and retain
... |
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The ROI
of Succession Planning
Here is some ammunition for HR professionals
looking to justify the cost of succession
management and expensive benefits packages that
can boost employee retention: Research from
consulting firm AberdeenGroup shows a direct
correlation between executive and middle
management retention and companies that have
formalized retention and succession programs. (see
"Effect of Formal Plans on
... |
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Motivating
Employees
Successful
companies learn how to get employees to use their
best efforts on a daily basis. Getting the best
from employees requires the softer management
skills. Managers must work to inspire and
challenge individuals to do their best work.
Quality of one-on-one relationships with managers
and the trust and respect that managers show every
day determine whether employees feel like they are
valued by the company. The most valued employees
are those willing to share new ideas, undertake
new initiatives and are good at decision
making. |
To learn
more about OI Partners, please click
here. |
