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It’s no secret that advanced economies are seeing a frightening demographic shift. Fewer births and greater longevity have combined to create older populations with fewer young people caring for the elders. This hasn’t been seen at any point in recent memory for most nations, and many observers have referred to it as the “demographic time […]
Here’s an understatement for you: Today’s workforce is not what it used to be. In just the last few decades, employers have seen dizzying change brought on by advances in technology and shifting workforce demographics. Among the most significant factors altering the employment landscape: an aging workforce.
ERIPs are a win-win, the attorneys say, because: Employers benefit from reducing wages and other costs associated with senior workers, and avoid the negativity associated with a RIF Employees benefit because a portion of that cost savings is passed to retiring workers who can retire earlier than they otherwise might. Anderson, a member of Miller […]
By Mark I. Schickman The HR world certainly has more than its share of acronyms, having to deal with the EEOC in order to comply with the ADA. And for an employee on leave, the interplay among the FMLA, PDA, and WC are crucial. But there’s a new acronym you need to learn because it […]
Modern medicine continues to increase life spans in the United States. Just as an example, the death rate for heart disease has dropped 60 percent in the last 50 years. The death rate for stroke has dropped even more, by 70 percent. And deaths from cancer have decreased 10 percent just in the last 15 […]
With Americans living longer, they are also working longer, making older workers an invaluable part of any company. They bring wisdom, knowledge, and experience to many aspects of business. They can become mentors for younger and less experienced workers. But there are certain changes that occur to both the body and mind of every individual […]
by Isabella Lee After falling for more than a century, the retirement age of American workers is on an upward trend. According to a recent survey, 43 percent of Americans believe they will have to work during their retirement. Many baby boomers plan on staying in the workforce past retirement for a variety of reasons: […]