Keeping Top Talent When Boomers Refuse to Retire Assignment Help
1: Is there anything you can do to satisfy employee need for career advancement when there are scare positions open in the organizations?
2: Should you be the HRM, do you think offering early retirement packages are an option to make room for new leadership? What effect could that have on all employees - middle aged and older?
3: How would you recommend the organization to respond to a situation like this?
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1: Is there anything you can do to satisfy employee need for career advancement when there are scare positions open in the organizations?
As per case study, when there are scare positions in the organizations HR plays an important role and managers should also help employees to grow:
1. Create a succession planning program
2. Add value to their work and paint the big picture for them
3. Encourage workers to work smartly and help them in balancing work and life
4. There should be official mentoring program for the workers
5. Rotations of roles, as this help them in attaining new skills as well as provide the better insight of the business
6. Focus on their learning plans/agenda
7. Take a personal interest. (Half, 2017)
2: Should you be the HRM, do you think offering early retirement packages are an option to make room for new leadership? What effect could that have on all employees - middle aged and older?
As it is clearly mentioned that it is important to retain the top talent else they will face the issues like employees switch to another company for growth. As HRM, one should perform like "Husky Injection Molding Systems" as for them keeping best talent with them is priority as they provide growth to their top performers. (Kinicki, Fugate & Digby, 2016)
As HRM, we have to make room for new leadership and early retirement is also not acceptable by all employees so we have to offer different medical coverage options, pension pay-outs, outplacement services and severance pay outs. Only such options can help the employees in their decision making of saying "good-bye" to an organization.
3: How would you recommend the organization to respond to a situation like this?
In case organizations have to give chance to new leaders they have options like: furloughs, job sharing, layoffs or early retirement. Organizations should always try to keep the top talent no matter what is their age. In any case chance should be given to people those who are performing well and understand the business requirements. There are many options which can be implemented to retain the quality people and layoff the worst performers. The employees should understand your offerings and their benefits in such cases (Krell, 2018). It should be cost effective, and should not have any legal complications as well. The organizations should provide proper training to all the employees and should retain the performers only.
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