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23 March

What Is the Difference Between a Voluntary Retirement and a Layoff?

The need to rightsize an organization can arise from financial needs, a workforce planning initiative or countless other reasons. Normally, when a downsizing event is needed, many organizations turn to layoffs.

21 March

What You Should Include In Your Position Elimination Letter (And A Sample)

Is your organization is going through a rough time? And is your CEO asking you to contain costs? Since payroll is usually one of the top company costs, you’ve probably been asked to eliminate some jobs to improve the bottom line.

19 March

What Are the Steps of Voluntary Retirement?

When it comes to voluntary retirement incentives, there is a lot for HR to consider. After all, each organization is different and each individual is different, too, making it hard to find a large, sweeping plan that covers the needs of everyone involved. So what are the steps of voluntary retirement? What can you do to start creating an incentive today?

16 March

When Should Companies Start Succession Planning?

Succession planning involves making sure that all roles at your organization are properly filled with the right talent and that there are no gaps in your workforce when someone steps down via retirement or any other type of offboarding.

14 March

Mentorship and Knowledge Retention: How to Retain Talent Over Generations

When a senior member of your staff starts to transition into retired life, it can cause serious problems for your workforce. Not only is that staff member likely an expert in their field, they also have developed specific skills for their role, meaning that one of the most important things a company can do when they have leaders starting to retire is to figure out a way to retain all of that vital knowledge.

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