With the nation’s unemployment rate hovering just above 5 percent, employers are finding it difficult to recruit and keep talented workers. Baby boomers will continue retiring over the next 25 years, leaving both a shortage of workers and a deficit of valuable traditional skill sets. Employers are looking for ways to attract and keep the transitioning generation of workers.
Earlier this summer, the Idaho Department of Labor Kootenai County office held a workshop for area employers about building succession plans as one means of keeping those talented workers.
Succession planning involves identifying and developing current employees with the potential to fill key leadership roles in the business.