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Analyze this scenario: The Department of Social Services has lost 25% of its federal funding for the next fiscal year, leaving the budget at a $128,000 deficit. Within the agency, there are 125 full-time employees; the average pay for all employees is $39,000, 75% female and 25% male. In addition, 25% of employees have been with the agency for over 20 years, 20% are near retirement age in three years, and 50% are under the age of 30.
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From the eActivity, discuss at least two of the eight obstacles and opportunities that best address an agency’s challenge of 45% of its workforce retiring in the next 36 months. Provide a rationale for your views.
