Summary of The Boomer Retirement Time Bomb

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Rating

7 Overall

9 Applicability

7 Innovation

6 Style

Recommendation

The graying of America is a not a new topic, but it is getting increasing attention now that the first baby boomers have filed for Medicare and are eligible for Social Security. Their sheer number – 76 million – dictate that, as in so many other spheres, they will make an impact, for better or worse, on work and retirement. Many boomers likely will want to remain in the workforce, either to earn money or to stay active, or both. While this will help ease the looming labor shortage, it also poses certain problems for companies that tend to see older workers as too expensive, too demanding or, simply, too old. Professors Donald L. Venneberg and Barbara Welss Eversole tackle this issue head on, but unfortunately their book reads too much like the academic research papers, statistics and surveys they often cite. While you might not expect a book about age demographics and workplace practices to be a page-turner, this research reveals an important story that will determine America’s future. getAbstract considers this significant reading for human resources professionals and innovative CEOs who want to bring seasoned, talented people back on board – and keep them working.

In this summary, you will learn

  • What demographic challenges US companies face in finding skilled, experienced workers;
  • What older workers contribute; and
  • How to attract and manage a multigenerational workforce.
 

About the Authors

Donald L. Venneberg is assistant professor of organizational performance at Colorado State University. Barbara Welss Eversole is assistant professor of human resources development at Indiana State University.

 

Summary

Living Longer and Getting Older
In much of the developed world, old people now outnumber young people. In the US, life expectancy for men and women is now 75 and 80 years, respectively. Estimates say that the population of Americans aged 65 and older will double by 2040, while the under...

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