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Reaching retirement is a bittersweet goal and achievement for many Americans. On the one hand, it represents a well-earned transition to a quieter, more relaxing life after a long career. On the other hand, it represents the loss of some measure of purpose and worth for many. But for a growing number of Americans, retirement […]
As Baby Boomers continue to reach retirement age at a breakneck pace and the American economy continues to expand and add jobs, there’s growing concern over skills gaps and labor shortages. What’s helping to mitigate this demographic trend is the increased willingness of older workers to stay in the workforce in one capacity or another. […]
A recent survey by Willis Towers Watson (WTW) reveals a growing financial strain among U.S. workers, with 88% struggling to meet basic living costs. Nearly half of employees (46%) are extremely worried about essentials such as food, healthcare, housing, and transportation. As a result, 44% of employees report living paycheck to paycheck, and 59% say […]
A recent study from Guild, a workplace education provider, explored what keeps employers up at night. Topping the list of worries business leaders named for 2024 was a loss of institutional knowledge as workers retire, with 82% of respondents citing that issue. That same study found that 93% of the business leaders responding were eager […]
It’s become a mantra resounding from more and more employers: Good help is hard to find. For years now, employers have bemoaned their inability to recruit and retain workers for the full range of employment, everything from low- to high-skill positions. But researchers who study the workforce and the trends shaping it point to a […]
64% of workers over 40 believe age-based discrimination in the workplace is common, while just 50% say the same about racism. 34% of U.S. workers in their 40s feel their age “holds them back” at work— more than sexism, disabilities, or sexual orientation. 60% of workers who lack confidence in their ability to get a […]
While the Great Resignation was originally blamed by many on lazy younger workers happy to sit back and collect COVID relief checks, further data showed that much of the labor shortage was due to older workers retiring early in large numbers. Many found that their skyrocketing home values and soaring stock prices in their 401(k)s […]
The labor shortage employers are currently facing is obvious to anyone who’s recently eaten out at a restaurant or visited a retail store. Slow service, “help wanted” signs, and even businesses that are temporarily closed due to a lack of staff are increasingly common sights.
One of the primary functions of a Human Resources department is to be aware of and ensure compliance with a wide range of laws and regulations involving workplace conduct, such as sexual harassment and various forms of discrimination.
It wasn’t so long ago that older workers feared—and not without cause—losing their jobs to younger competition. The thought was that younger, energetic talent having just acquired the most up-to-date education would force out older colleagues who were making more money due to their seniority but who were likely to be less productive than the […]