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Employers Aren't Ready for Boomer Exodus

Few companies are thinking about the long-term implications of the likely wave of retirements.

By Dan Cook, BenefitsPro | Updated on January 15, 2015

Many employers apparently believe the strong work ethic generally assigned to baby boomers is going to keep them in the harness well past traditional retirement age. Either that, or many employers just aren’t thinking through their workforce planning very strategically.

An exhaustive study of corporations and their attitudes toward baby boomers from the Society for Human Resource Management (SHRM) suggests one, or both, of these might be the case. Funded by the Alfred P. Sloan Foundation, The Aging Workforce Survey offers striking insight into the lack of insight demonstrated by employers when it comes to preparing for the loss of these experienced, hard-working professionals.

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