Some 64 million baby boomers are set to retire by 2010 in the US. The economic impact of such large-scale change will be huge and requires coordination and innovation from society and the workplace.
The Conference Board will look at mature workers both as potential employees and retirees. It will consider issues facing older workers such as their cost and value, the benefits of job satisfaction, the opportunities emerging from aging consumer markets as well as prospects for better integration. And for those wishing to retire, models for retirement will be studied along with rising healthcare costs for older citizens.
The initiative is likely to follow the steps of previous research in this field. In April this year, the Conference Board had already released a report encouraging companies to view older workers as an opportunity for change and innovation within the workplace, and not just as a problem to be dealt with. The report recommended a three-fold strategy: to capture and capitalise the skills and expertise of senior workers; to develop flexible arrangements to suit the needs of potential retirees; and to create an anti-ageism culture that welcome employees of all ages.
The research has been generally sponsored by the Atlantic Philanthropies USA, an organisation dedicated to bringing lasting changes in the lives of disadvantaged and vulnerable people. The Conference Board received a $2 million grant for their study.
Source: The Conference Board
Review by Emilie Filou