Agin baby boomers in need of respect plus more
Hi everyone! I'm Heather DeMarco at the business desk and on this very hot Friday evening I'd like to take a few moments of your time to focus on a very important topic that has to do with how we treat our aging employees in the workplace.
A recent survey coming out of New York states that most companies in the United States have no plans to deal with replacements for our aging baby moomer labor force when the first set of baby boomers start retiring in 2010. As a matter of fact, over% of them surveyed said that they did not even have any plans in place to deal with forecasted 2010 exodus. In addition to this, a very worrying fact coming out of this survey centered around the growing lack of respect for aging baby boomers in the workplace. It appears that more and more of our younger labor force are becoming more and more disrespectful towards older workers and as a result of this aging baby boomers are starting to take retirement at an earlier age if they can afford it and this is beginning to cause some very dangerous cracks in the workplace.
I am very surprised to see that more companies are not paying attention to the 2010 marker because it holds very great significance. This significance has to do with the retirement age because at the beginning of 2010 the first set of our baby boomers will become eligible to retire at the ripe young age of 65 and trust me when I tell you that when this year arrives, many companies had better be prepared to start facing a mass exodus of older workers and with their departure will come a massive loss of skills. We should ask ourselves how prepared are we to replace these departing work horses? Will younger workers be able to step up to the plate and fill this yawning gap? Will younger workers be sufficiently trained to replace their older cofreres? How prepared will our younger workers be to take on the new responsibility of leadership? Will younger workers be tough enough to stand the rigors of a rapidly changing workplace? Would they be able to handle the mantle of leadership being passed to them? Will they be as committed as their forefathers? Will they, will they, will they? Only time will tell.
There is a growing trend towards more and more workers retiring in their early to mid 50s and this is going to put more pressure on younger workers to step up and take over. This same survey also revealed that many aging baby boomers are becoming increasingly unhappy and dissatisfied with how they are being treated in the workplace. Among the top causes of unhappiness were:
Lack of respect from younger workers, a feeling of managers wanting them to retire as soon as possible, managers not doing enough to ensure that they receive training that would allow them to keep up with technological changes and retain their present jobs, managers refusing to send them on courses instead preferring to send younger workers, younger workers showing a lack of respect for the experiences and skills of older workers, and both managers and younger workers doing what they can to shut older workers out of the more important projects.
It may be time for companies to start evaluating their present situation and to take steps to start putting plans in place to deal with the growing departure of our aging baby boomer labor force. There is still time to do this and I really don't think that any company should have an excuse if they are caught flat footed. We are all aware of the 2010 mark and we should also be very aware that more and more employees in their early to mid 50s are starting to take early retirement. A good plan will surely lead to a smooth passing of the baton. No plan will surely lead to the dropping of the baton. If you're in your early to mid 50s, if you are thinking of retiring, and if you are looking for a new career, then you should read Untapped Wealth Discovered written by Jeff Marquis and Kerry Harrison. This book will help to spark your imagination and creative juices and help you to realize that there is life after retirement.
Visit www.untappedwealth.com/order.htm to pick up a copy.
A recent survey coming out of New York states that most companies in the United States have no plans to deal with replacements for our aging baby moomer labor force when the first set of baby boomers start retiring in 2010. As a matter of fact, over% of them surveyed said that they did not even have any plans in place to deal with forecasted 2010 exodus. In addition to this, a very worrying fact coming out of this survey centered around the growing lack of respect for aging baby boomers in the workplace. It appears that more and more of our younger labor force are becoming more and more disrespectful towards older workers and as a result of this aging baby boomers are starting to take retirement at an earlier age if they can afford it and this is beginning to cause some very dangerous cracks in the workplace.
I am very surprised to see that more companies are not paying attention to the 2010 marker because it holds very great significance. This significance has to do with the retirement age because at the beginning of 2010 the first set of our baby boomers will become eligible to retire at the ripe young age of 65 and trust me when I tell you that when this year arrives, many companies had better be prepared to start facing a mass exodus of older workers and with their departure will come a massive loss of skills. We should ask ourselves how prepared are we to replace these departing work horses? Will younger workers be able to step up to the plate and fill this yawning gap? Will younger workers be sufficiently trained to replace their older cofreres? How prepared will our younger workers be to take on the new responsibility of leadership? Will younger workers be tough enough to stand the rigors of a rapidly changing workplace? Would they be able to handle the mantle of leadership being passed to them? Will they be as committed as their forefathers? Will they, will they, will they? Only time will tell.
There is a growing trend towards more and more workers retiring in their early to mid 50s and this is going to put more pressure on younger workers to step up and take over. This same survey also revealed that many aging baby boomers are becoming increasingly unhappy and dissatisfied with how they are being treated in the workplace. Among the top causes of unhappiness were:
Lack of respect from younger workers, a feeling of managers wanting them to retire as soon as possible, managers not doing enough to ensure that they receive training that would allow them to keep up with technological changes and retain their present jobs, managers refusing to send them on courses instead preferring to send younger workers, younger workers showing a lack of respect for the experiences and skills of older workers, and both managers and younger workers doing what they can to shut older workers out of the more important projects.
It may be time for companies to start evaluating their present situation and to take steps to start putting plans in place to deal with the growing departure of our aging baby boomer labor force. There is still time to do this and I really don't think that any company should have an excuse if they are caught flat footed. We are all aware of the 2010 mark and we should also be very aware that more and more employees in their early to mid 50s are starting to take early retirement. A good plan will surely lead to a smooth passing of the baton. No plan will surely lead to the dropping of the baton. If you're in your early to mid 50s, if you are thinking of retiring, and if you are looking for a new career, then you should read Untapped Wealth Discovered written by Jeff Marquis and Kerry Harrison. This book will help to spark your imagination and creative juices and help you to realize that there is life after retirement.
Visit www.untappedwealth.com/order.htm to pick up a copy.
posted by Editor at
7:06 PM
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