The percentage of the global workforce over age 65 is growing rapidly, leading to their inevitable retirement and a need for effective onboarding, knowledge capture, and knowledge transfer processes. Skills gaps within the current labor pool can make replacing those workers difficult. To address these issues, Raytheon Professional Services LLC and Training Industry, Inc. surveyed 252 companies in August 2014 with the goal of identifying organizations’ strategies and their effectiveness for learning and development initiatives. This report summarizes these results and highlights best practices for training across the stages of the employee lifecycle.
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