As older workers look to retire, companies reckon with how to replace departing skill sets
Baby boomers are entering their final years in the workforce, and their relationships with their employers are changing. Some companies are considering offering older workers partial-year employment and shorter hours.The youngest baby boomers are around 55 years old. The oldest are in their 70s. MostAmericans don’t remember a workforce without the largest generation.
And yet, as boomers enter their final years in the workforce, their retirements are taking companies by surprise.
In the next five years, almost three-quarters of the companies surveyed in 2018 by Willis Towers Watson, a risk-management and insurance brokerage company, expect to face significant or moderate challenges from late retirements. But because nothing is predictable, a significant share are also worried about early ones.
Continue reading… “Baby boomers upend the workforce one last time”
