Ultimate Performance: Measuring Human Resources at Work

Metric Six: Retirement Action Plan

Value. The Retirement Action plan is the summation of all of the consultation and manager feedback on how to handle any emergent retirement issues. This should be the final working document that is adjusted and managed throughout time on how to handle all retirement issues.

Data Elements. Each row contains a Job Title/Job Segment that the action plan is appropriate for. The row can represent anything from a large number of employees needing to be replaced, to a single individual needing an action plan around him.

Total FTE: This is total number of FTEs predicted in retirement.

Work Plan: The work plan outlines the division making up the gap within the retirement years. We have included some of the major categories including mentoring internal high-potentials, work share among retiring workers, extending the retirement talent, external hires, and any business process engineering and/or outsourcing opportunities.

Outcomes: This is a summary of the plan for each job title.

Owner: The owner that will be held accountable for implementing the plan.

Presentation. This presentation (Table 10.9) is a matrix with each row as a job title or job segment. The plan for each job title is presented on each line.

Table 10.9.

Job Title/Skill	Total FTE	Work Plan (Number of FTE)				Outcomes	Owner	Budget
		Mentor	Ret. Work Share	Hire	BPR
Turbine Engineers	36	21	5	10	0	College recruiting over the long term has been creating a new team of talented engineers for future projects. Some retiree ...