Age Lessons Predicts Bidding War as Companies Compete To Hire, Retain Experienced Older Workers.CHICAGO -- "Expect the tables to turn in favor of older workers in the coming years as American corporations begin to connect the dots between unfilled jobs, the shrinking labor supply and the availability of experienced older workers," predicts Laurel Kennedy, president of Age Lessons, the Boomer thinking firm. "Competition will heat up as companies try to outbid out·bid tr.v. out·bid, out·bid·den or out·bid, out·bid·ding, out·bids To bid higher than: We outbid our rivals at the auction. each other and attract that proven, known entityCothe Boomer age worker." The hottest commodity in the predicted tight job market will be experienced older workers who consistently earn top ratings on critical dimensions such as work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work [the Boomer turnover rate is 1/6 that of workers under 35], process skills, overall productivity, on-the-job effectiveness and customer relationships. "This is great news for Boomers who are planning for a working retirement. Whether they need to work for financial reasons, or simply want to work for psycho-social reasons, the opportunity for meaningful employment will be there when they need it," stated Kennedy. The first wave of Boomers will be eligible for retirement benefits like social security in less than two years, with the real impact hitting the labor markets labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience around 2011, along with the traditional retirement age of 65. By some estimates, the 2011 shortage will range between 800,000 and 3.3 million jobs, a gap too wide to be bridged by short term solutions such as outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and productivity gains, or longer term remedies such as changes in immigration laws immigration laws npl → leyes fpl de inmigración immigration laws npl → lois fpl sur l'immigration immigration laws npl for skilled workers. Kennedy sees the labor markets at "an important inflection point Inflection Point An event that changes the way we think and act. -Andy Grove, Founder of Intel. Notes: For example, the fall of the Berlin Wall was an inflection point in global politics and the commercialization of the Internet was an inflection point in technology. . Proactive companies that strategically pursue older workers by offering engaging employment opportunities and re-designing benefit packages to coincide with Boomer lifestage needs will reap the benefitsCofirst pick of the most productive employees on any company's payroll." For more information about the bidding war for older employees and to learn more about Age Lessons working retirement solutions, contact Laurel Kennedy at 773.252.0123 or visit the company web site www.agelessons.com. About Age Lessons Age Lessons offers innovative solutions addressing the unique needs of the Baby Boomer baby boomer also ba·by-boom·er n. A member of a baby-boom generation. Noun 1. baby boomer - a member of the baby boom generation in the 1950s; "they expanded the schools for a generation of baby boomers" boomer cohort including "working retirement" programs to help companies retain and attract mature workers, as well as LifestAGES([TM])audits that evaluate advertising messages, packaging and product designs against Boomer normative nor·ma·tive adj. Of, relating to, or prescribing a norm or standard: normative grammar. nor benchmarks. |
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