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December 23, 2010E-mail news for employers

  Top Stories 
  • Many boomers plan to keep working past 65
    Many baby boomers say they will remain in the workforce after they reach 65 either to support themselves or to remain active in fields that they enjoy. "My generation is having second thoughts about taking any sort of early retirement," noted Robert Baxter, a businessman who turns 65 next year. "When my parents retired, they had a defined benefit pension and Social Security, and they actually had over 100% replacement of their income. That's not going to happen to my generation." U.S. News & World Report (12/20) LinkedInFacebookTwitterEmail this Story
  • Studies: Entrepreneurship increases among older Americans
    New research suggests that older individuals are becoming a dominant entrepreneurial force. A report by the nonprofit Global Entrepreneurship Monitor found that entrepreneurship increased among Americans older than 40 during the recession and declined among younger Americans. Studies also found that older people often make better entrepreneurs because they are better at finding funding and actualizing their business plans. Slate (12/17) LinkedInFacebookTwitterEmail this Story
  Industry & Workplace Trends 
  • Analysis: Number of older Americans in the workforce is near a record
    More older Americans are working longer, and if the trend continues, there will be a record 28 million Americans age 55 and older in the workforce. Experts say older workers are working longer because of better health, longer lives and out of financial necessity. Meanwhile, workers ages 16 to 24 are at their lowest level in the workforce since the government began tracking the numbers in 1948. USA TODAY (12/15) LinkedInFacebookTwitterEmail this Story
  • Recession prompts many older workers to stick with their employers
    The economic downturn has forced many older workers to remain in their jobs instead of changing employers or retiring, observers say. A recent study showed that the median amount of time an employee remains in his or her job increased during the recession. For example, the analysis found that 56.8% of men employed full-time who are between 60 and 64 had held their current jobs for 10 years or more, up from 48.1% in January 2006. Meanwhile, AARP noted that older laid-off job seekers spent an average of 44.9 weeks unemployed in October. Forbes/Taxing Matters blog (12/13) LinkedInFacebookTwitterEmail this Story
  • Corporations shrink office space
    Changing corporate culture and a desire to lower costs have prompted some companies to reduce employee work spaces. Experts also note that younger workers prefer smaller offices, unlike baby boomers who used their office space to separate their work lives from their home lives. Meanwhile, space allocation could shrink to 50 square feet per employee by 2015, said Peter Miscovich, who studies workplace trends as a managing director at brokerage Jones Lang LaSalle. That's down from up to 700 square feet per employee in the 1970s. Los Angeles Times (12/15) LinkedInFacebookTwitterEmail this Story
  • Why women face more financial risks after retiring
    Women face unique risks that could affect their ability to support themselves during retirement, according to to a report just released from the Society of Actuaries. Women are likely to live longer than their spouses and outlive their own retirement assets, experts say. Other retirement-related risks for women include the need for expensive long-term care and health care costs. "For most women, there's little room for error, and being unprepared for nearly a third of their lives will have consequences," Cindy Hounsell, president of the Women's Institute for a Secure Retirement. (12/10) LinkedInFacebookTwitterEmail this Story
  • Seeking fulfilling work, many boomers target nonprofits
    Many older workers who lost their jobs in the economic downturn or who want a second career are applying for jobs in the nonprofit sector. Observers say applicants for nonprofit positions are often seeking a position that gives them a sense of purpose. Observers also note that some older workers are applying for nonprofit positions because they are unable to retire. MSNBC (12/12) LinkedInFacebookTwitterEmail this Story
  AARP News 
  • Little change for older workers in November
    The length of unemployment continued to rise in November 2010 for job seekers 55 and older, with more than half remaining out of work for more than 27 weeks. The unemployment rate for this age group remained unchanged at 7.3%, continuing the recent high unemployment rates not seen at any other time in the past six decades. Learn more in this AARP Fact Sheet. LinkedInFacebookTwitterEmail this Story
Learn more about AARP ->Workforce Assessment Tool  |  Employer Resource Center  |  AARP Research

  Law and Regulation 
  • Despite meager savings, many Americans believe they will retire
    Many Americans believe they will be able to finance at least 10 years of their retirement despite having little or no savings, experts say. "The gap in reality shows that people are clearly not adding things up well," said Laurie Nordquist, director of Wells Fargo institutional retirement and trust. A recent survey by Wells Fargo also found that working during retirement years has become a "new normal." Workforce Online (12/10) LinkedInFacebookTwitterEmail this Story
Happiness is not so much in having or sharing. We make a living by what we get, but we make a life by what we give."
--Sir Norman Duckworth Kerr MacEwen,
British Royal Air Force officer

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Contributing Editor:  Nancy Bennett
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