Phased Retirement

The Aging of the Workforce: Demographic Impact The confluence of two important demographic shifts promises to reshape the U.S. workforce over the next decade and beyond. First, there will be more workers over age 55. In 2000, 13 percent of the workforce was 55 and older, according to the Bureau of Labor Statistics, and by 2015, this figure is expected to rise to 20 percent. During the same period, the highest growth rate in the U.S. workforce will be …

…widely supported will allow a company to align its actions with corporate policy and minimize the number of employees “retiring” early to go to work for the competition. Therefore, businesses may want to consider designing and implementing formal programs, and other flexible work options as a strategy for winning the war for talent and retaining their longtime employees. Employers need to protect their human capital and attract quality people if they want to remain competitive.