The onboarding and integration of a new team member is something the best contractors rigorously manage as one of the 9 critical talent processes (https://dbmgt.co/2qnnZgD). What we don’t always pay as close attention to is what Sue Weiler-Doke frames as “Retirement Onboarding.” This is critical for all key technical and executive roles as people retire. Due to the demographics in the United States we will have a huge deficit of experienced talent (https://dbmgt.co/2MrqkiW) over the next 10 years. Retirement Onboarding is even more critical during ownership transitions because often the current owner has had nearly their whole life wrapped-up in the business for 20-40+ years. Many of the best business operators have given relatively little thought to their personal retirement. With decades in their roles they are typically involved in many areas of the business and their retirement will create unforseen knowledge gaps. Retirement Onboarding must be approached with the same rigor as the rest of the retirement process and should follow similar phases. An experienced advisor can help owners effectively navigate their own path as well as help the company create Retirement Onboarding processes for other critical roles ensuring sustainability.
D. Brown Management’s Post
More Relevant Posts
-
Decision quality IS NOT linearly related to information quantity. In complex environments with elements of uncertainty, data quantity quickly reaches a point of diminishing returns but increases decision confidence which puts you into the danger zone. #businessmanagement #strategy #talent #dbmteam
Decision Quality and Information Quanity
dbmteam.com
-
Defining what you want in quantifiable outcomes is extremely difficult. It's 10X harder to define those outcomes throughout the whole company from field to CEO. Defining the leading activities that create those outcomes is another 10X more difficult. #businessmanagement #metrics #dbmteam
Contractor Scoreboard - Disciplined Execution
dbmteam.com
-
Outcomes are created through doing the right activities. Data is only a proxy for that activity and a metric is a synthesis of lots of data points. Metrics are valuable, but always have a skeptical view of proxies for performance - especially with growth. #businessmanagement #scoreboard #technology #dbmteam
Connecting Metrics to Activities and Outcomes
dbmteam.com
-
There is a high correlation between contractors that have consistently GREAT safety records and consistently GREAT profitability, growth, morale and talent retention. #culture #safety #talent #dbmteam
Correlation Between Safety Culture and Profitability and Growth
dbmteam.com
-
Knowledge Management is a complex topic and the contractors who learn to manage it the best will have an edge in the market. There are several models that can help you visualize the differences between different types of “knowledge” in your organization. #businessmanagement #strategy #talent #dbmteam
Knowledge Management Pyramid
dbmteam.com
-
To attract and retain the best talent, everyone on your team must be able to clearly answer these five questions. Your answers must be competitive with the other choices a potential new team member has. #mangement #recruiting #retention #talent #dbmteam
Attracting and Retaining Talent - 5 Critical Questions
dbmteam.com
-
The business of building is largely about aligning projects and people. The Talent Value Stream (TVS) ensures talent will never be a constraint to your growth. #businessplanning #talentvaluestream #dbmteam
Talent Value Stream (TVS): The Basics
dbmteam.com
-
As contractors grow, they must make decisions and changes around five key areas. At these decision points, they may be experiencing some or all of the eight typical symptoms including stress, customer complaints, and inconsistent growth. #contractorgrowth #leadershiptools #dbmteam
Business Growth Cycle
dbmteam.com
-
Strengthen your Project Management team with training and coaching tailored specifically around your people, projects, processes, and tools. #projectmanagement #training #dbmteam
Building the Project Management Team
dbmteam.com
