Home Back Issues September 2006 Survey finds businesses unprepared for boomers retiring

Survey finds businesses unprepared for boomers retiring

| Print |  Email
Archives - September 2006
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

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


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