Survey finds businesses unprepared for boomers retiring

| Print |  Email
Friday, September 01, 2006

The 75 million baby boomers will start retiring in large numbers by the end of the decade, with the first boomers hitting age 62 in 2008. With boomers making up one-third of the U.S. workforce, labor shortages (example: half of the federal civilian workforce will be eligible to retire within four years) will force many businesses to rethink training, retention, retirement and recruitment.

This month’s survey, conducted by Conkling Fiskum & McCormick, shows that while the 718 respondents realize this, they haven’t taken steps to prepare. “We find in survey after survey, although employers are cognizant of the aging workforce, they still have not done much to retain and attract older workers. Why? For the most part, the need hasn’t hit them yet,” says Sara Rix, a senior policy adviser for AARP. The survey also shows little emphasis on training, something Rix says is dangerous. “Training doesn’t last a lifetime anymore. It’s up to employers to give their workers the skills,” she says, adding that the key thing employers need to keep in mind is they will need skilled labor.  “Not all jobs can be shipped offshore.”

Rix advises employers to do an age audit of their workers, asking who is likely to be retiring, what would encourage them to work longer, and who might be interested in a phased retirement. Rix says that many older workers say they would delay retirement if there were phased-retirement options, or part-time jobs. Almost 80% of boomer-age workers say they expect to work in retirement. “We’re hoping many workplaces will have the program and policies in place to retain them,” Rix says.

View slideshow
{safe_alt_text}

To participate in the Input survey, send an e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Research conducted by Conkling Fiskum & McCormick.

 

More Articles

Imperial Palate

February 2015
Tuesday, January 27, 2015

Power Lunch at the Imperial.


Read more...

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

Ski traffic

News
Tuesday, January 20, 2015
0121-skiway-thumbBY LINDA BAKER | OB EDITOR

A place-based multimodal transportation plan for Mt. Hood is long overdue.


Read more...

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

MBA Perspective

February 2015
Tuesday, January 27, 2015
BY KIM MOORE

Robin Anderson, dean of the Pamplin School of Business, University of Portland: "You need people who are comfortable leading in ambiguity."


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS