Assignment:
Your company has reaped the benefits of having long-term, tenured employees, but many of them are now approaching retirement. It is anticipated that approximately 20% of the company's workforce will retire in the next 3 to 5 years.
In reviewing the remaining workforce through HR planning efforts, you have become aware of work-life balance issues that need to be reviewed and addressed. The company president has requested that you prepare a retention plan outlining these issues as well as ways to address them.
Resources to help you address the issues in the Retention Plan can be found at www.workfamily.com (Links to an external site.).
- What steps will you take to identify key priorities in the work-life balance issues?
- How will you present a business case to gain management support for addressing those issues in order to help retain existing workers and to fill the positions vacated by retiring employees?
Summarize this information in 500 to 750 words.