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The Seismic Shift That’s About to Change the American Workplace

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The Seismic Shift That’s About to Change the American Workplace

Esquire,

5 min read
3 take-aways
Audio & text

What's inside?

America’s workforce is aging rapidly. How should companies navigate these demographic shifts?

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The American corporate landscape is facing a seismic shift as the nation’s working population ages. Millions of Baby Boomers are set to retire in the coming years, and many companies are ill-prepared for the talent drain. Learn how businesses can overcome this challenge and harness older workers’ valuable skills and experience by addressing institutional ageism, encouraging extended careers, and redefining retirement norms. If you are an aging worker or a leader looking to capitalize on a diverse workforce, explore the strategies needed to adapt and thrive in this era of demographic transformation.

Summary

Businesses should consider encouraging older employees to extend their careers.

The fast-aging population of the United States poses a significant challenge to American businesses. By 2040, there may be as many as 80 million Americans over the retirement age. As Baby Boomers retire, companies will likely struggle to recruit qualified talent to replace these seasoned workers.

However, many older individuals will want or need to work well beyond age 65. Already, the number of older adults working is four times more than in the 1980s. Companies should embrace this trend by actively encouraging older workers to remain in the workforce. Retaining older workers will help businesses avoid talent gaps while allowing seniors to defer reliance on America’s Medicare and Social Security systems.

Organizations that want to succeed must overcome...

About the Author

Author Micheal Clinton is the special media advisor to the CEO of the Hearst Corporation and author of ROAR into the second half of your life.

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