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Baby Boomer Retirements Most Significant Workforce Trend in Next Ten Years

PR Newswire, 1/10/08

Abstract:

There are likely to be a number of issues shaping the future of the workforce, but for today's companies, one stands out above the rest: Nearly one out of every two senior executives (47 percent) surveyed said baby boomer retirements will have the greatest impact on the workforce over the next decade.

The survey was developed by Robert Half International, the world's first and largest staffing services firm specializing in accounting and finance. It was conducted by an independent research firm and includes responses from 150 senior executives with the nation's 1,000 largest companies...

..."The looming retirement of baby boomers has captured the attention of business leaders who are concerned about retaining the expertise of their most tenured employees," said Max Messmer, chairman and CEO of Robert Half International and author of Human Resources Kit For Dummies(R), 2nd Edition (John Wiley & Sons, Inc.). "Fortunately, many baby boomers are considering working past the traditional retirement age to stay active and continue earning."

Messmer added, "Businesses that accommodate valued staff members who are not ready for retirement but seek new work arrangements, such as flexible or part-time schedules, are best able to keep top performers. Consulting arrangements allow experienced individuals to remain challenged professionally while maintaining the flexibility to pursue outside interests."

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