Human Resource Management 16th Edition by Sean Valentine,Patricia Meglich,Robert Mathis

Exercise 3

Your company has reaped the benefits of having long-term, tenured employees, but many of them are now approaching retirement. It is anticipated that approximately 20 percent of the company's workforce will retire in the next three to five years. In reviewing the remaining workforce through HR planning efforts, you have become aware of work-life balance issues that need to be reviewed and addressed. The company president has requested that you prepare a retention plan outlining these issues as well as ways to address them. Resources to help you address the issues in the retention plan can be found at www.workfamily.com.
-How will you present a business case to gain management support for addressing those issues to help retain existing workers and to fill the positions vacated by retiring employees?