The labor market is at a crossroads. With an aging workforce and an insufficient pipeline of skilled workers to fill the gap, companies are facing a looming labor crisis. As baby boomers retire, a significant number of skilled tradespeople are leaving the workforce, and the younger generations are not stepping in fast enough to replace them. So, how can ESOP companies plan ahead to meet their organizational goals and remain competitive in an ever-evolving market? One key solution lies in strategic workforce planning—and more specifically, implementing the "six Bs" approach to building and managing your workforce. In this session, we’ll explore how you can build, buy, borrow, bind, bounce, and boost to ensure that your workforce has the talent needed.
