Based in Minneapolis, MN | Serving clients across the US Since 2003 | Call: 763.245.8835 

HR Consulting Firms for Small Business
September 23, 2023

The Aging Workforce And Small Business: Challenges and Opportunities

Small businesses are vital to our economy, offering employment for millions. Yet, a pressing challenge they face is an aging workforce. As baby boomers retire, small businesses lose skilled workers and valuable expertise. This blog delves into managing the transition and seizing opportunities in an aging workforce. Understanding the Challenges The aging workforce poses several challenges to small businesses, including the loss of experience, difficulty finding skilled workers to replace retirees, and slower productivity levels. The knowledge gap created by baby boomers retiring also makes it challenging to train and develop younger workers who may not have the same level of familiarity with the business. Small business owners need to identify the skill sets that they need to maintain operations and start looking for younger employees who can expand their […]
September 27, 2023

Overcoming Multigenerational Workforce Obstacles in Designing a Benefits Package

In today’s diverse workplace, it’s not uncommon to see a multigenerational workforce working side by side. From baby boomers to millennials and Generation Z, each generation brings unique needs and expectations to the table. One of the biggest challenges employers face is designing a benefits package that resonates with this type of workforce. Understanding the Multigenerational Workforce A multigenerational workforce comprises individuals from different generations who have distinct values, aspirations, and attitudes towards work. This diversity can lead to enriched perspectives and experiences but can also present challenges when it comes to employee benefits. Baby boomers (born 1946-1964) are nearing or are in retirement, and their primary concern is health care and retirement benefits. Generation X (born 1965-1980) is juggling career growth, family responsibilities, and future financial security. They value […]