Thursday starts Older Americans Month. And this year, this celebration should spark discussions in workplaces about celebrating diversity in the workplace, preparing to capture the knowledge of older works set to retire, and using the wealth of talent of the older workers who remain employed.
According to the U.S. Census Bureau, 37.3 million Americans are over the age of 65, and in 2006. 5.5 million of those Americans are still employed. According to AARP, 23 percent of Americans say they plan to retire at age 65 and another 16 percent expect to walk away from the workplace at age 70. But 7 percent never plan to stop working.
Is your organization ready to replace the 23 percent of Americans who will retire in the coming years? Do you have a plan in place to retain their knowledge and expertise? Will there be enough workers to replace this boomer workforce?
Companies that can answer these questions will have a competitive advantage over those who can't. Plan ahead; don't be surprised when boomers decide to leave or stay!
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