“For those who choose to retire, many are going to realize … they don’t have enough money to sustain themselves, and they’ll be back in the workforce,” Orlando Ashford, head of Mercer’s talent business, said in a recent note. “The implications for employers are quite fascinating. How are you going to help retirees re-enter a changing workforce? How are you going to manage people in their second or third career, while engaging people who are in their first career at the same time?”
Some researchers, including the Center for Retirement Research at Boston College, dispute the notion that baby boomers are creating employment bottlenecks and preventing masses of younger workers from advancing.
But at the level of an individual workplace, conflicts of all types are inevitable as employers try to manage overall staffing levels, reduce brain drain and attract young talent.
Chosen excerpts by Job Market Monitor. Read the whole story at Bridging generation gap as boomers hang on to jobs – Chicago Tribune.
Despite popular belief and media reports, there\’s no evidence that older workers who stay on the job longer squeeze out opportunities for younger employees. That\’s the conclusion of a comprehensive analysis and paper prepared by the Center for Retirement Research (CRR) at Boston College. While there might be some instances of older employees crowding out … Continue reading
Despite conventional wisdom that older workers who are delaying retirement are squeezing younger employees out of a jobs, a new study found no support for that thinking – and even some evidence that the older workers maybe helping the next generation. “Our estimates show no evidence that increasing employment of older persons reduces the job … Continue reading
How often have you heard people say that older workers putting off retirement and staying on the job longer means fewer opportunities for younger workers? Well, a new report finds just the opposite is true. Researchers for the Pew Charitable Trusts looked at the government’s Current Population Survey for data on workers ages 20 to … Continue reading
Tyler Durden of ZeroHedge writes: A good jobs report? Sure, if one is 55 and over. In December the American jobs gerontocracy continued its relentless course … some 2.7 million jobs in the 16-55 year old category have been lost. The “offset”: 4 million jobs for Americans between 55 and 69. For all those young people … Continue reading »
Sometimes age and experience can pay off. In Canada, as in many other countries, an aging population can face financial uncertainty as it heads toward retirement. But for now, older workers are in big demand in the workplace. Canada’s see-sawing labour force swung back into job-creation mode in February, with a net 50,700 people finding … Continue reading »
A recent poll of UK CEOs has uncovered a worrying neglected generation of older workers. This new research, commissioned by Skillsoft, reveals that 92% of UK business leaders openly admit they don’t invest in training and development for employees over the age of 60. With many employees now choosing to work past the traditional retirement … Continue reading »