One of the largest problems Elanco is facing is the loss of talent and experience that will happen when they offer an early retirement plan to employees in order to reduce costs and maintain their competitive advantage. The employees who will potentially accept these early retirement packages are baby boomers who have been with the company for an extended period of time. This experience with the company has caused these employees to gain a lot of knowledge that will leave with them, and this knowledge is not easily transferred through training of new employees before their departure. Elanco is also giving early retirement plans as an option to decrease their workforce. Therefore, they will not be bringing in many new employees to learn from …show more content…
Fewer employees handling a large amount of work will increase the probability of mistakes happening. Elanco will need to ensure that employees have the resources they need to work effectively with little to no mistakes. There are three different types of errors that employees can make at Elanco. These include slips, lapses, and mistakes. According to Becher and Chassin (2001), “Slips are observable actions that deviate from what was planned. Lapses are usually failures of memory that also result in planned actions not being carried out” (p. 68). A mistake is something different from slips or lapses. A slip or a lapse is something that happens due to an error in the way something was executed (Becher, Chassin, 2001). Becher and Chassin (2001) say that “a mistake involves failures of reasoning that result in the choice of a plan that is inadequate to achieve the intended objective” (p. 68). Based on this information, a mistake will occur when a company has not given the employee the tools and plan they need to succeed. Elanco will need to take this information into account and do their part to minimize mistakes and help their limited number of employees