Amid Coming Labor Shortage, RetireeWorkforce.com Provides Opportunities For Baby Boomers.

Online Clearinghouse Gives Both Companies and Workers The Means to Cope with the Major Employment Issue of the 21(st) Century

MONMOUTH COUNTY, N.J. -- The statistics speak for themselves:

* Over the next five years, the number of U.S. workers over 50 will increase by 34 percent, while the number of younger workers will increase by only 3 percent.

* By 2012, roughly one-third of the American population will be at least 50 years old.

* 77 million Baby Boomers will retire in the next twenty years--a rate four times the growth of the 18-59 age group over the same period.

* Despite these facts, only 16% of the companies in a recent AARP/Towers Perris study have implemented any steps to prepare for the employment shortfall.

Clearly, the next 40 years will bear witness to one of the most significant demographic events in history--not only as millions of Baby Boomers reach retirement age, but also as the number of people in their "normal" working years decreases. Employers at all levels, from mom-and-pop businesses to governments and multi-national corporations, will all be affected.

The good news is, a huge number of Baby Boomers plan to continue working and even launch second careers after retirement. RetireeWorkforce.com, a new online recruiting resource, has launched to meet this critical need.

"Studies by Merrill Lynch and Ernst and Young report that 74% to 85% of people over the age of 50 plan to remain in the workforce in some capacity during their 'retirement years'," said Joseph Scalice, president and CEO of RetireeWorkforce.com. "Our goal is to be the number one way for employers and qualified retirees to connect."

Blue Chip Employers

RetireeWorkforce.com was invented when Scalice, a successful investment consultant and entrepreneur with a degree in finance from Bryant University, saw that no job service was directly focusing on retiring workers. Later joined by Scott Wingerter, RetireeWorkforce.com's chief operating officer and a former senior sales and marketing executive, Scalice launched the online service in May of this year.

Within a few months, RetireeWorkforce.com began to get attention from some of America's largest employers. Companies like CVS, Hertz, PathMark, Marshall's and Staples signed on to reach the 60-plus crowd. By the end of the summer, RetireeWorkforce.com had over 55,000 job listings, and unique site visits increased tenfold.

"Reaching people of retirement age via the Web is incredibly efficient," Wingerter noted. "Two-thirds of all Americans aged 50 to 64 use the Internet. 72 percent of adults over the age of 50 have broadband service in their homes. In fact, with nearly 65 million users, adults 50 and over are the Web's single largest constituency."

RetireeWorkforce.com opportunities range from blue- to white-collar and cover all kinds of employment options--seasonal, temporary, part-time and full-time. Industries include accounting, engineering, education, financial services, healthcare, legal, retail and science, among others. Many employers offer benefits, including healthcare.

Companies Interested

"One of the main misconceptions that older Americans need to overcome, is the idea that companies aren't interested in them. That's not the case anymore," said Scalice. "Employers value the experience, the work ethic, and the motivation of mature workers. If there ever was a stigma, it's long gone."

RetireeWorkforce.com is a free service for job seekers. To list a resume or to search for available positions, go to www.retireeworkforce.com.

About RetireeWorkforce.com:

Founded in 2007, RetireeWorkforce.com provides a network of highly qualified retirees to suit companies' specific hiring needs. These talented and highly motivated individuals have the knowledge and experience to provide organizations with a competitive advantage. RetireeWorkforce.com attracts some of the nation's largest and most respected employers including CVS, Hertz, Marshall's, PathMark, and Staples. Headquartered in Monmouth County, NJ, RetireeWorkforce.com is privately funded. Visit www.retireeworkforce.com.