Did you know that 34% of the Federal civilian workforce is over 50 years old?* In 2003, over one third of the Federal workforce was eligible for retirement. And by 2016 over 60% of the federal workforce will be eligible. When 60% of your workforce retires, who replaces these valuable, experienced employees? Downsizing has reduced the number of internal candidates, and when you consider normal attrition rates and the tight labor market; you can see your Human Resources department is going to be very busy.
Succession planning establishes a process that recruits employees, develops their skills and abilities, and prepares them for advancement, all while retaining them to ensure a return on the organization's training investment. Succession planning involves:
- Understanding the organization's long-term goals and objectives
- Identifying the workforce's developmental needs
- Determining workforce trends and predictions
- Better retention
- Valuable training goals
- Increased preparation for leadership
- Greater employee satisfaction
- Enhanced commitment to work and the workplace
- Improved corporate image
OPM's Employment Service can assist your human resource needs. Please contact your local OPM Service Center, visit our Web site at www.opm.gov/employ, or send email to esmarketing@opm.gov
*1998 OPM study
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