With so many companies focused on downsizing to contain costs in a down economy, many employers have failed to prepare for a pending change that will significantly alter workforce demographics.
The baby boom generation, defined as Americans born between 1946 and 1964, composes 25% of our country’s population. Beginning in 2011, the first of the baby boom generation will turn 65. As the rest of the roughly 70 million baby boomers follow, we’ll see a major shift in the age of our society—and our workforces—unlike anything that has ever happened before.
In order to survive and thrive in the face of these new demographic realities, employers will need to retain employees well older than the traditional retirement age of 65. For many employers, that will require adopting new policies and practices that address the issues and concerns of older employees.
Here are some areas on which employers will need to focus if they...(register to read more)
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