The Challenges of Aging Workers

Paper Summary:

The paper relates that baby boomers are more likely to remain in the workforce longer out of financial necessity. The paper discusses how human resource management personnel must become familiar with the concerns of aging Americans in order to meet their needs and entice them to stay in the workforce. The paper explains that this will provide greater security for workers, ensure that businesses are capable of operating effectively and create less of a strain on the social security system for all individuals seeking to retire in the future.

From the Paper:

"Individuals born between 1946 and 1964 are considered to be part of the baby boomer generation. This segment of the population is comprised of over 76 million people, or 29% of the total population in the United States today. By the year 2030 there will be over 70 million of these individuals aged 65 and over. Baby boomers are the largest group of aging Americans that the country has ever known and as they continue to age American society is faced with specific issues that it has not been forced to focus on to such a large extent. An aging society also means that there is an aging workforce that must be considered by industry."

Sample of Sources Used:

• Effects of access to post retirement health insurance on retirement behavior and insurance coverage. (n.d.). Rand. Retrieved August 7, 2006, from http://www.rand.org/pubs/research_briefs/RB4507-1/index1.html
• Johnson, R. (2004). Trends in job demands among older workers. Monthly Labor Review. 127(7): 48-62.
• Smith, M. (2005). Aging workers: Overlooked no more? Public Management. 87(1): 32-35.
• Moynagh, M., and Worsley, R. (2004). Reshaping retirement. The Futurist. 38(5): 44-51.
• Older workers. (2001). GAO. Retrieved August 7, 2006, from http://www.gao.gov/new.items/d0285.pdf

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