Replenishing a Workforce: Succession Planning

Replenishing a Workforce
Institution
Date
Replenishing workforce
Every corporate organization goes through a circle in its workforce. Necessitated by the impending retirement of the "baby boomers", uncontrolled turnover of skilled and reliable employees and even company related factors like a dismissal. Faced with such conditions, organizations require proper replenishment strategy to stay afloat. Such strategies include studying the best talent in the market in preparation to departures.
According to Henemann et.al.(2014),staffing strategies are key in ensuring efficiency in operations and service delivery. Using talent based assessments, human resource practitioners can identify and document their best performers and groom them to take over the leaving staffs (Burn, 2004). This can also be applied in monitoring external talents and making a strategic acquisition. Conducting experience review with the outgoing workers is important as it allows the organization to understand the experiences they have in common and to ensure potential replacements possess such experience or quality andhow to pick the best fit.
Realizing the problem early enough allow the organization to create intergenerational partnerships between the outgoing workforce and the incoming.Core staffing systems,such as recruitment,employment and selection,play an important role(Henemann et.al.,2014). Having the outgoing workers for instances boomer mentor the Millennials provide the opportunity for the older ...