Warding off age discrimination claims in era of older workers

December 18, 2016 0 COMMENTS

The U.S. Bureau of Labor Statistics predicts that nearly a quarter of the workforce will be made up of people age 55 and older by 2024. That contrasts to 1994, when just 11.9 percent of workers fell into that age group. If the projection for 2024 is correctand the aging of the baby boomer generation as well as other factors provide a solid basis for the forecastemployers need to take a look at how to handle a large number of workers under the protection of federal and state age discrimination laws.   Businessman showing a document to his colleague

The BLS figures, reported in a November 18 U.S. Department of Labor Blog post, show that the 55 and older crowd is expected to constitute the largest slice of the workforce pie in just eight years. Here’s the breakdown for 2024: read more…

The digital natives are restless

October 16, 2016 0 COMMENTS

Keeping the boom going: Baby boomers continue strong hold on workforce

February 17, 2013 1 COMMENTS

Today’s workers are likely to celebrate their 65th birthdays with a cake and a short gathering of coworkers in the break room – not with a big retirement party complete with the awarding of a gold watch. Retirement has taken on a new look, and employers must be ready for that trend to continue.

The U.S. Census Bureau released a report in January showing that the workforce participation rate for people 65 and older has been on the rise for the past 20 years but especially during the last decade. The Census Bureau’s new American Community Survey brief says that the percentage of people 65 and older in the labor force increased from 12.1 percent in 1990 to 16.1 percent in 2010. Within the 65 and over population, 65- to 69-year-olds saw the largest increase in labor force participation.

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Employers have opportunity to capitalize on a graying workforce

August 19, 2012 1 COMMENTS

by Tammy Binford

Is it a “silver tsunami” or barely a ripple in your workplace? Whether your organization is facing a wave of retirements or just a few in the next several years, employers are wise to consider the significance of older workers.

As the 78 million-member baby boomer generation hits what has traditionally been considered retirement age, many employers worry about a brain drain–the loss of their most experienced and senior employees who have the most institutional knowledge. Employers may not need to worry about too many imminent departures, though, because many boomers are deciding to stay–some because their retirement nest eggs dwindled during the recession and others because they’re still healthy, energetic, and engaged in their careers.

No matter the reason employees decide to keep working, the workforce is getting grayer and employers need to explore how to get the most out of their older workers. read more…

Boomers Mean Business

December 11, 2011 1 COMMENTS

By Marcia Akers

Baby Boomers are now entering their retirement years while some members of “The Greatest Generation” remain in the workforce. Gen Xers and Yers are looking for advancement and rewarding entry-level positions. This first-ever phenomenon of having four generations in the workplace at the same time is creating challenges for employers, including how to create a safe and pleasant environment while capitalizing on the unique resources, experiences, and talents that each group has to offer.

These intergenerational workplace issues have been studied by Chris Weiser, who leads an employee group at Sodexo. “It’s not like Gen-Xers and Gen-Yers need to be like their Baby Boomer boss . . . or Baby Boomers have to learn to text 140 words a minute,” Weiser says. “It’s about understanding that everyone has some style differences.” A high-functioning, age-diverse workforce can be a primary contributor to a company’s current stability and future growth.

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Boomers (and Their Employers) Face Work/Life Challenges

April 17, 2011 0 COMMENTS

Modern medicine continues to increase life spans in the United States. Just as an example, the death rate for heart disease has dropped 60 percent in the last 50 years. The death rate for stroke has dropped even more, by 70 percent. And deaths from cancer have decreased 10 percent just in the last 15 years.

That all means that more people are living well into their 80s and even 90s. One consequence of that fact is that baby boomers — defined as anyone born between 1946 and 1964 — are increasingly likely to face the prospect of caring for their elderly parents. It’s the new “work/life balance” — rather than balancing work with the need to care for their young children, many are struggling to balance the demands of the workplace with the need to care for their ailing parents.

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