Will baby boomers retire at 60? Will there be a massive employee shortage in a few years? What can companies and government agencies do? This is a very important topic, given demographic trends worldwide. Let me provide an overview with these 10 points.1) The Conference Board published a good report in 2005 titled America’s Aging Workforce Posing New Opportunities and Challenges. Quotes:”Some 64 million baby boomers (over 40 percent of the U.S. labor force) are poised to retire in large numbers by the end of this decade. In industries already facing labor and skills shortages, forward-thinking companies are recruiting, retaining, and developing flexible work-time arrangements and/or phased retirement plans for these workers (55 years of age or older), many of whom have skills that are difficult to replace. Such actions are putting these companies ahead of competitors who view the aging workforce largely as a burden putting strains on pension plans and healthcare costs.””More older workers want to remain in their jobs for both personal fulfillment and financial reasons. In a related forthcoming study from The Conference Board, more than half (55 percent) of older employees surveyed said they were not planning to retire because they find their jobs interesting. […]

Full Article At: KnowHow-Now.com Articles

Bookmark to: