Economic Development Futures Journal

Wednesday, July 05, 2006

counter statistics

Flex Retirement and Beyond

From the Future of Work:

"Most employers, meanwhile, aren't ready for the shift that could affect thousands of their workers, given that the oldest of the 77 million-strong baby boom generation turn 60 this year.
Asked how prepared their companies were for boomers reaching retirement age, just 24 percent said their companies were "on track" to deal with the retirements. Some 27 percent said they were "in the midst of preparing," 17 percent said they were just getting started, and 31 percent said their companies hadn't given it much thought."

"While 70 percent of the companies said they had identified areas where they might lose highly skilled workers, setting up systems to retain older workers was not a priority. Instead, most companies were focused on modifying their benefits packages, assessing how to attract younger talent or changing compensation packages to help retain workers."

If we aren't ready, when and how we get ready? Folks we have to take this situation into our own hands!

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