Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

More Workers Employed After Traditional Retirement Years

15.09.2008
Older workers in Ohio and nationwide will comprise a much higher portion of the workforce in the years to come, and employers should be prepared to accommodate and benefit from the experience and range of attributes they bring to the job, according to a report released this month by Miami University’s Scripps Gerontology Center.

The report, “Ohio’s Aging Workforce: Opportunities and Challenges for Ohio’s Employers,” stresses that the first wave of America’s baby boomers has already reached the front end of traditional retirement years (55 and older) and that those age 55 and older will constitute nearly 30 percent of Ohio’s overall population by the year 2020.

Accordingly, the report, citing U.S. Bureau of Labor statistics, states that older workers (those age 55 and older) are now the most rapidly growing segment of the Ohio and U.S. workforce. As a group, they are projected to increase nationwide by 47 percent from 2006 to 2016. In Ohio, the proportion of older workers in the state’s workforce is expected to rise from 16.7 percent to 22.4 percent (an increase of 34 percent) in that same 10-year span. Other interesting projections from the report include:

• Two-thirds of Ohioans age 55 to 64 are expected to be in the state’s workforce in 2016.

... more about:
»Aging »Employment »Retirement »Workforce

• Roughly 20 percent of Ohioans age 65 and older are expected to be in the state’s workforce in the year 2016.

• By 2016, two-thirds of all job openings in Ohio are expected to be for positions replacing retirees.

The number of older persons in the workforce will not increase solely because of the growth in the older population, but also, the researchers note, because a high proportion (32 percent) of older workers have not saved for retirement and only about one-third expect to have employer-based health insurance after they leave employment. In some cases, though, older workers remain in the workforce simply because they enjoy their jobs, wish to stay active, mentally alert and/or find their work fulfilling.

The report, authored by gerontology doctoral student Lydia Manning and Shahla Mehdizadeh, senior research scholar at Scripps and adjunct associate professor of gerontology and sociology – and produced in consultation with the Ohio Dept. of Aging – includes profiles of several older workers in Ohio and touches on the general virtues of older employees, such as better work ethic; lower absenteeism; lower turnover; flexibility in scheduling; and job-specific skills. The report also lists incentives that some companies are offering to retain workers, such as flexible schedules, employee discounts and eldercare benefits.

Shahla Mehdizadeh | Newswise Science News
Further information:
http://newsinfo.muohio.edu/

Further reports about: Aging Employment Retirement Workforce

More articles from Social Sciences:

nachricht Amazingly flexible: Learning to read in your thirties profoundly transforms the brain
26.05.2017 | Max-Planck-Institut für Kognitions- und Neurowissenschaften

nachricht Fixating on faces
26.01.2017 | California Institute of Technology

All articles from Social Sciences >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Ultrafast snapshots of relaxing electrons in solids

Using ultrafast flashes of laser and x-ray radiation, scientists at the Max Planck Institute of Quantum Optics (Garching, Germany) took snapshots of the briefest electron motion inside a solid material to date. The electron motion lasted only 750 billionths of the billionth of a second before it fainted, setting a new record of human capability to capture ultrafast processes inside solids!

When x-rays shine onto solid materials or large molecules, an electron is pushed away from its original place near the nucleus of the atom, leaving a hole...

Im Focus: Quantum Sensors Decipher Magnetic Ordering in a New Semiconducting Material

For the first time, physicists have successfully imaged spiral magnetic ordering in a multiferroic material. These materials are considered highly promising candidates for future data storage media. The researchers were able to prove their findings using unique quantum sensors that were developed at Basel University and that can analyze electromagnetic fields on the nanometer scale. The results – obtained by scientists from the University of Basel’s Department of Physics, the Swiss Nanoscience Institute, the University of Montpellier and several laboratories from University Paris-Saclay – were recently published in the journal Nature.

Multiferroics are materials that simultaneously react to electric and magnetic fields. These two properties are rarely found together, and their combined...

Im Focus: Fast, convenient & standardized: New lab innovation for automated tissue engineering & drug

MBM ScienceBridge GmbH successfully negotiated a license agreement between University Medical Center Göttingen (UMG) and the biotech company Tissue Systems Holding GmbH about commercial use of a multi-well tissue plate for automated and reliable tissue engineering & drug testing.

MBM ScienceBridge GmbH successfully negotiated a license agreement between University Medical Center Göttingen (UMG) and the biotech company Tissue Systems...

Im Focus: Silencing bacteria

HZI researchers pave the way for new agents that render hospital pathogens mute

Pathogenic bacteria are becoming resistant to common antibiotics to an ever increasing degree. One of the most difficult germs is Pseudomonas aeruginosa, a...

Im Focus: Artificial Enzymes for Hydrogen Conversion

Scientists from the MPI for Chemical Energy Conversion report in the first issue of the new journal JOULE.

Cell Press has just released the first issue of Joule, a new journal dedicated to sustainable energy research. In this issue James Birrell, Olaf Rüdiger,...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

“Lasers in Composites Symposium” in Aachen – from Science to Application

19.09.2017 | Event News

I-ESA 2018 – Call for Papers

12.09.2017 | Event News

EMBO at Basel Life, a new conference on current and emerging life science research

06.09.2017 | Event News

 
Latest News

“Lasers in Composites Symposium” in Aachen – from Science to Application

19.09.2017 | Event News

New quantum phenomena in graphene superlattices

19.09.2017 | Physics and Astronomy

A simple additive to improve film quality

19.09.2017 | Power and Electrical Engineering

VideoLinks
B2B-VideoLinks
More VideoLinks >>>