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How to Prepare for a Smooth Transition When Construction Staff Retires

Article-How to Prepare for a Smooth Transition When Construction Staff Retires

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Succession plans should ensure effective transfer of knowledge and keep alumni employees engaged after their exit, according to a McLean & Co. report.

A report by McLean & Co. outlines a three-phase approach to successful succession planning for construction and other companies.

The first phase, pre-retirement, involves forecasting workplace needs and preparing employees for retirement, such as identifying critical roles, inventorying skills and holding planning information sessions. The second phase, peri-retirement, begins after an employee announces their retirement; it includes preparing them for their exit and ensuring the smooth transfer of knowledge. In the third phase, post-retirement, the focus is on successful offboarding, maintaining relationships with alumni employees and keeping alumni engaged.

“There is a common misconception that the relationship between an employee and the organization ends when the employee retires,” LynnAnn Brewer, McLean’s director of HR research and advisory services, stated in a press release. But continuing to engage alumni post-retirement offers “organizational benefits, including increased brand awareness, access to desirable talent pools and support for strategic goals and objectives,” Brewer said.

To read the rest of this story from our sister publication, HR Dive, click here.

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