As today’s aging baby boomers rapidly retire, recruiting and retaining employees will be increasingly important to the future of the U.S. labor market. Based on an analysis of 2013 U.S. Bureau of Labor Statistics data, the Society for Human Resource Management reports there could be a shortfall of 20 million workers over the next 20 years. As a result, organizations must create innovative and transparent new practices that help employees visualize their career path within the organization to promote engagement and retention.
