The Great Resignation, combined with the silver tsunami, will challenge all of us responsible for building and maintaining our organizations!

From the Article

Earlier this year, I shared my thoughts on an urgent situation facing industrial business leaders: the silver tsunami. As older employees begin planning for retirement, it’s time for industrial business leaders to plan the future of their workforces.

Since that article was published, there have been a few changes in American industry:

  • The economy has opened more, even though the Delta variant of COVID-19 is running rampant among unvaccinated individuals
  • Many businesses have announced back-to-work dates
  • Analysts are closely following and report on employment changes

I recently read two articles on “Chief Executive” titled “The Turnover Tsunami Is Real” by Johnny C. Taylor. Mr. Taylor is president and chief executive officer of SHRM, the Society for Human Resource Management, which has over 300,000 members in 165 countries, and the other “Leading My Company Through The Great Resignation” by Morag Lucey, CEO of Televerde.  Both discuss why millions of American workers are quoting their job every month.

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To continue reading the article on Thomas Insights, click here.

To learn more about retaining your current capabilities, read Do You Have a Replacement Strategy for Customer-Facing Employees?

About Middlesex Consulting

Middlesex Consulting helps our B2B product manufacturing clients grow their services revenue and profitability by applying the methodologies and techniques associated with Customer Value Creation and Customer Experience professions to assist its clients in designing and commercializing new services and the associated business transformations. Contact Sam here.

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