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5 Ways to Adapt to an Aging Workforce

Career Partners International

In today’s environment of rapid change, forward-thinking organizations recognize the need for strategic workforce planning. However, there is one cohort that is often overlooked in workforce planning – the older worker or “late-stage careerist.” will be over the age of 55.

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Employee Attrition: Meaning, Impact & Attrition Rate Calculation

Analytics in HR

Also, if multiple experienced employees are eligible for retirement or resign at the same time, it may create a skills gap. The company is laying off 5% of its workforce by 2025 to boost profitability. During the competitive employment climate of the pandemic era, Bank of America built up its workforce.