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

Reader Input: Rx for Health Care

July/August 2015
Wednesday, July 15, 2015

We asked readers how Obamacare has impacted their business.


Read more...

Back to School

September 2015
Wednesday, August 19, 2015
BY CHRIS NOBLE

Oregon is home to an abundance of gritty warehouses reborn as trendy office spaces, as well as crafty hipsters turned entrepreneurs. Does the combination yield an equally bounteous office products sector? Not so much. Occupying the limited desk jockey space are Field Notes, a spinoff of Portland’s Draplin Design Company, and Schuttenworks, known for whittling Apple device stands. For a full complement of keyboard trays, docking stations and mouse pads, check out the GroveMade line, guaranteed to boost the cachet of even the lowliest cubicle drone. 


Read more...

Preserving the Legacy

July/August 2015
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN

A New York floral and gift business takes on the iconic Harry & David brand.


Read more...

Reader Input: School Choice

September 2015
Thursday, August 20, 2015

Which of the following would be most effective in reducing the cost of operating a public university in Oregon?


Read more...

Store Bought

July/August 2015
Friday, July 10, 2015
BY LINDA BAKER

Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened a third Portland store in the Cedar Mill neighborhood this year; a Bend outpost broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.


Read more...

Photo Log: Waterfront Blues Festival

The Latest
Thursday, July 09, 2015
bluesfestthumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger.  About 80,000 people attended despite temperatures in the upper 90s.


Read more...

Aim High

September 2015
Thursday, August 20, 2015
BY JOE CORTRIGHT

We get the education we deserve.


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