Posts Tagged Retirement
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Pensions Are a Big Draw for Young Workers
The percentage of America’s young workers who say that a retirement program is an important factor in joining or staying with an employer jumped sharply in the past two years, according to a survey by consultancy Towers Watson. This was especially true when the employer offered a defined…
April 30, 2012
| in Trends
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Employees’ Financial Concerns Escalate
Despite improvements in the U.S. economy, the hangover effect from the 2008-09 recession and slow economic growth continue to erode employees’ retirement confidence and overall financial wellness, according to the PricewaterhouseCoopers 2012 Financial Wellness Survey. Employees’ financial stress remains high: Overall, 61 percent of employees find dealing with their…
April 26, 2012
| in Trends
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Concerns Grow over Workforce Retirements and Skills Gaps
The writing’s been on the wall for a number of years, but only now are people starting to read it: Corporate America must reinvest in its workforce and come up with creative ways to retain that massive amount of knowledge that will walk out the door as millions…
April 18, 2012
| in Trends
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We Know Next Weekly Recap: April 9th-13th
In case you missed it, here’s what happened on We Know Next this week. Facebook itself reported that in the last few months it has “seen a distressing increase in reports of employers or others seeking to gain inappropriate access to people’s Facebook profiles or…
April 13, 2012
| in Trends
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Cognitive Attrition and Employee Engagement (Part 3)
Note: This series is based on the paper My Generation. One of the biggest challenges in the modern workplace is employee engagement. An organization that struggles to keep employees engaged faces an onset of cognitive or mental attrition. So why do we need engaged employees? Engaged…
April 13, 2012 | in Workforce
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Benefits for Older Workers
The joke at retirement parties at Stanley Consultants is "See you on Monday." About 60 percent of the Muscatine, Iowa, company's retirees do, in fact, head back into work—as special project leaders or contract workers, or in a part-time capacity. The engineering company, with 850 employees in the United…
March 27, 2012
| in Workforce
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We Know Next Weekly Recap, March 12th- March 16th
In case you missed it, here’s what happened on We Know Next this week. Most U.S. companies plan to increase the dollar value of the incentives they offer employees to participate in health improvement programs in 2012, according to an employer survey conducted by Fidelity Investments and…
March 16, 2012
| in Trends
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Labor Market, Baby Boomers Growing Old Together
It seems that more of us are thinking about retirement lately. And why not? Everyone enjoys dreaming of their eventual freedom from the working world: random trips to the beach, time to putter around the house and, ahhhhh, sleeping late! Okay, (nudge, nudge), time to wake up now. Our golden…
March 15, 2012
| in Workforce
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We Know Next Weekly Recap, March 5th - March 9th
In case you missed it, here’s what happened on We Know Next. The second annual Telework Week, took place this past week and encouraged businesses, government agencies and individuals to telecommute and evaluate the potential consumer costs and environmental savings. Meanwhile, according to a survey by consultancy Towers…
March 9, 2012
| in Workplace
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Workers Would Trade Pay for Greater Retirement Security
Increasing numbers of U.S. workers say they would be willing to trade some of their pay for more secure and generous retirement benefits, according to a survey by consultancy Towers Watson. The 2011 Towers Watson Retirement Attitudes Survey found that more than half (55 percent) of respondents were willing to pay…
March 6, 2012
| in Trends
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Retiree Health Benefits Continue Their Slow Decline
Among U.S. employers, 21.9 percent offered supplemental retiree health coverage to retired employees in 2011—a slight dip from 22.9 percent reported in 2006, according to Compdata Surveys' Benefits USA 2011/2012 report. On average, employees were required to work 12 years for their employer to qualify to receive supplemental health benefits at retirement,…
February 10, 2012
| in Workforce
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The Practice of Retirement May Become Extinct
Is it possible the practice of retirement for hard-working employees could be disappearing from America’s social landscape? The concept of retirement has been the ability to relax and enter a phase of life where you pick and choose your activities, vacation with your spouse, volunteer at a local…
January 9, 2012 | in Workforce
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The Boomer Mindset: Work is Part of Retirement
For many demographers and social scientists, the long-awaited year has come and gone, almost. It was estimated that between Jan. 1 and Dec. 31, 2011, more than 7,000 people would turn 65 years old every single day. Those numbers are astounding. In AARP's 2010 survey of boomers turning 65 in 2011 finds this first wave of the…
December 22, 2011 | in Workforce
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Avoiding the Boomer Drain
Like most developed countries, the U.S. faces a major demographic challenge. This year, the oldest of nearly 80 million baby boomers turn 65. According to the Pew Research Center, about 10,000 Americans reach that milestone every day. Most organizations can’t afford to suddenly lose such a reservoir of work experience…
November 18, 2011 | in Workforce
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Health-Related Organizations Top AARP Best Employer List
Scripps Health, a major hospital and health care provider in Southern California, has been recognized as the top company in the 2011 AARP Best Employers for Workers Over 50 awards program, a decade-long effort to acknowledge progressive policies and practices that are meeting the needs of the country's aging workforce. AARP…
October 20, 2011
| in Trends
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Experts: Prepare Now for Aging Workforce
The workforce is aging around the world. Estimates indicate that by 2050, the number of people over the age of 60 will exceed the number of those in younger generations. Experts say companies should prepare now for this global shift. Yet what most U.S. companies don’t realize, experts say,…
October 7, 2011
| in Workforce
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Generation X Fails to Match Their Parents’ Living Standards
Men in cohort are 36% more likely than Boomers to be out-earned by their spousesDespite being the smallest U.S. generation (46 million), Generation X might be “the most critical generation of all” for employers, according to a study by the nonprofit Center for Work-Life Policy. Generation X…
September 28, 2011
| in Workforce
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Serving Those Who Served
With tens of thousands of military veterans expected to return home from the wars in Iraq and Afghanistan during the next two years, the recruitment and retention of veterans for private-sector jobs is a growing concern. These men and women will return seeking work in urban, suburban and rural areas,…
September 14, 2011
| in Workforce
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Incentive Plan or Retention Tool?
Swedish firm H&M gives employees 4 million shares The founding family of the Swedish clothing giant H&M announced plans to show appreciation to more than 76,000 employees worldwide by donating 4 million shares in the company, worth about 1 billion kronor ($137 million U.S.), to…
August 17, 2011
| in Workplace
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Higher Productivity, Higher Skills: Preparing for a New Hiring Cycle
As the economy revives, there is a growing realization that in order to continue to benefit from higher productivity levels, it is critical for the workforce—especially a smaller, leaner workforce—to maintain and improve skills. In the United States, this realization, along with the…
August 9, 2011
| in Workforce
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Baby Boomers Will Transform Aging, Work, and Retirement
Americans born between 1946 and 1955 will transform retirement by forgoing the tradition of a leisure-filled life. Instead, their financial obligations will encourage many of them to remain in the workforce, some indefinitely, according to a MetLife report, Early Boomers: How America’s Leading Edge Baby Boomers Will Transform Aging, Work …
May 19, 2011
| in Workforce
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Fewer Workers Age 60 and Up Postponing Retirement
As the U.S. economy recovers, some older workers are feeling more comfortable about retiring, although most still foresee working longer than they had anticipated before the stock market drop of 2008-09. According to a survey taken at the end of 2010 for recruitment firm CareerBuilder, 65 percent of workers age 60 and…
May 19, 2011
| in Workforce
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Poll: Organizations Can Do More to Prepare for Talent Shortage as Boomers Retire
Some organizations are looking at their current and future needs as the retirement of the Baby Boomer generation leads to a potential talent shortage. But more can be done to ensure that organizations have the talent they need to succeed, according to a "Strategic Workforce Planning Poll" that the Society…
April 8, 2011
| in Workforce
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Age-Related Determinants of Retirement Planning and Turnover: SHRM Foundation Research
Age-Related Determinants of Retirement Planning and Turnover Funded: November 2007 Completed: December 2010 Ruth Kanfer, Ph.D., School of Psychology, Georgia Institute of Technology Executive Summary Retirement and Post-Retirement Work Intentions during an Economic Downturn Workforce aging represents one of the greatest HR…
April 8, 2011
| in Workforce
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HR and the Aging Workforce: Two CEO Points of View
It’s been said that “in youth we learn; in age we understand.” Those words may be prophetic when it comes to understanding the seismic impact an aging U.S. workforce could have on our way of life. There’s cause for concern—and a…
November 16, 2010
| in Workforce
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Can They Keep Our Lights On?
Here’s one natural disaster the nation’s utility executives can see coming: a tsunami of retirees that could swamp the economy. The electric power industry estimates 30 percent to 40 percent of its 400,000 workers will be eligible to retire by 2013. From executives to plant managers, and from engineers to…
June 1, 2010
| in Workforce
