[Editor's note: whether you're an un-or-under-employed Millennial, Gen Xer, or Baby Boomer, you should be paying attention to an upcoming awesometastic collaboration between Service Canada, My Loudspeaker, the post-secondary community, and many change-making businesses from Metro Vancouver and beyond. It's called the XYBOOM Conference and it will be community-building at its finest!]
Vancouver, BC – January 10, 2012 – When a business loses an employee, it loses more than a staff member: employee turnover is estimated to cost more than double the cost of retainment. Loss of productivity, resources and time spent re-hiring and training are some of the burdens of employee replacement. The BC Business Council urges businesses to be more competitive in their retention strategies, suggesting investing in succession planning and staff development as solutions. The XYBOOM Conference seeks to address these issues with a dynamic, intergenerational approach.
Sustainable hiring systems and employee development and retention are key topics to be addressed at the conference on January 20th. This unique initiative, funded primarily by Service Canada brings togther business professionals and youth with experts from three generations – X,Y and Baby Boomer – to collaborate on finding strategies and solutions on mitigating the growing labour shortage.
The conference offers more than ten industry panelists who have diverse career backgrounds – including expertise in human resources, intercultural understanding, workplace organization and strategic marketing – as well as engaging, participatory workshops sessions, guaranteeing attendees will leave with strategies and insights on the issues at hand.
“The conference plays an important role in mitigating the pending labour shortage as baby boomers exit the workforce” says Alden Habacon, UBC Director of Intercultural Understanding Strategy Development and XYBOOM panelist. With baby boomers beginning to retire and a looming labour shortage, employee replacement is becoming a growing financial burden for unprepared businesses. Higher retention rates give businesses a competitive edge during labour shortages.
Business applications for XYBOOM will be accepted at www.xyboom.ca.
Hosted by My Loud Speaker, the XYBOOM Conference will be held on January 20th from 9-5pm at the Yaletown Roundhouse. This not-for-profit event will also include a live streaming feature for off-site youth participants across the Lower Mainland, XYBOOM awards for businesses, case study reports and an interactive art installation created by Gen Why Media Project at the W2 atrium from Jan 19-21st.
Please visit www.xyboom.ca for more information on the conference, issues at hand, and a complete guest panelist list.
Devon Wong – Media Relations
604 250 4662 | www.xyboom.ca
XYBOOM: January 20, 2012
Masthead photo (The Train at the Roundhouse Theatre in Yaletown) courtesy of goldberg