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Time to Retire Retirement?

Written by: Ben Nash

Article Overview: Ten-years from now 80% of the native born American workforce will be over 50! When these workers start to retire there will not be nearly enough young people in the workforce to take their place.

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Time to Retire Retirement?

Ten-years from now 80% of the native born American workforce will be over 50! When these workers start to retire there will not be nearly enough young people in the workforce to take their place. This does not seem to be a problem right now as we are experiencing near historic levels of unemployment; however, when the recovery comes (and it will) we are going to see a complete reversal of the current situation—too few qualified workers rather than too few viable jobs. The problem will not just be lack of bodies—skills, relationships, knowledge, and experience walk out the door every time someone retires. They take time and money to replace. A yearlong study conducted by the Concourse Group found that companies will need to adopt a much more flexible approach to retirement than in the past and put processes in place that will make it possible – and even attractive—for workers to stay active into their late sixties and even seventies.

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Home > Human-Resources > Ben Nash > Time to Retire Retirement
Article Tags: american workforce, concourse group, current situation, flexible approach, jobs, mdash, relationships, retirement, seventies, sixties, time and money, unemployment, yearlong study

About the Author: Ben Nash
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Ben Nash is the editor-in-chief of DailyHRTips.com. He is the founder and chief developer of the blog, providing tech/design support as well as tips and book reviews. Ben has held many interesting jobs in his professional career, including: barista, landscaper, public policy intern, barista (again), professional horse wrangler, ski lift attendant (aka "liftie"), political science teaching assistant, marketing and sales assistant, and an ecommerce/web developer. He also doubles as the Creative Director at Aspen Organization Development Consulting. Ben has interacted with many people, in many different organizations and offers some interesting insight on the human resources game. You can read his blog at http://www.DailyHRTips.com and visit his website at http://www.AspenOD.com.



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