Workforce Retirements and Skills Gaps

A joint survey released April 9, 2012, by the Society for Human Resource Management (SHRM) and AARP shows that U.S. employers are ramping up training programs aimed at closing expected skills gaps left when Baby Boomers retire. In addition, companies are enhancing employee benefits that they hope will help with recruiting and retaining older workers, defined by the survey as workers 50 years old and older. But fast action is needed.

Stepped-Up Corporate Response

An analysis of 2010 U.S. Census data revealed that during the past decade the percentage of Americans age 55 and older who are in the labor force increased from 32.4 percent to 40.2 percent. According to the U.S. Labor Department’s Bureau of Labor Statistics (BLS), the labor force is projected to grow by 8 percent between 2008 and 2018 and will include nearly 12 million workers age 55 and older. The number of workers ages 16 to 54 is projected to grow by less than 700,000 during that same time…

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Read More @ Concerns Grow over Workforce Retirements and Skills Gaps.

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