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You are the General Manager for a service company that employs 1,500 people who produce high quality technical products for worldwide distribution. Your company is in a very good market position and you have superior products that customers are willing to buy at a premium. Future market prospects look very good. You receive a visit from your Human Resources Director and she relates some sobering news. Half of your senior staff (25% of you entire workforce) will be eligible for retirement in the next five (5) years. These experienced people are the backbone of your company and you fear you will not be able to compete effectively without them. What strategies would you employ to overcome this potential problem?
Text book: Project Management: A System Approach to Planning, Scheduling and Controlling
Author: Harold Kerzner
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