"Older workers could be part of the solution for employers facing a 'skills gap' in a period of low unemployment, said John Challenger, chief executive officer of Challenger, Gray & Christmas, an outplacement firm in Chicago.
Turnover among the nation’s chief executive officers fell in April, as 91 CEO departures were announced during the month. This is a 10 percent decrease from March when 101 CEO changes were recorded, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
While estimates suggest almost 4 million Boomers retire per year, survey after survey indicate that more Americans plan to continue working well into their retirement years. Employers who are currently scouring the labor force for available talent would be wise to tap into the older workforce, according to one workplace authority.
"The boomer scenario is logical to many job market professionals, who say it squares with what they see in their work.
'The data is more complicated because I think this generation of boomers is thinking about late career in a different way than previous generations,' said John Challenger, CEO of Challenger, Gray and Christmas."
While survey after survey indicate that more Americans plan to continue working well into their retirement years, employers counting on that may still find themselves shorthanded if they fail to gauge potential retirement activity in their own organization.
A just-released survey showing that more Americans age 50 and older plan to delay retirement presents some unique challenges to the nation’s employers. In one respect, companies will benefit from these workers’ knowledge and experience, according to workplace authority John A. Challenger, chief executive officer of Challenger, Gray & Christmas, Inc., a global consultancy providing job search training and career coaching.