Turning Boomers Into Boomerangs

781 Words4 Pages
“Turning boomers into boomerangs” discusses the issue that might become burning in the years to come: the baby-boomers, people born between 1946 and 1964, have started facing retirement, which means population will soon lose a significant portion of its workforce. The author believes that companies should not neglect these specialists and rehire them, though, one must admit, there are several issues that need to be resolved in connection with this opportunity. The problem most companies will face in the nearest couple of decades when the boomers retire is a loss of expertise and significant experience necessary for the high level of performance. Some companies seem to adapt the workplace for the older workers, especially in the fields where expertise and experience are keys to business success. The author emphasizes, however, that not all companies are filling the lack of resources from the source of the experienced old workers. One reason for that is that the supply of labor may be filled with specialists from the developing countries. Another is that older people may cost more in terms of insurance and health care, which many companies see as an additional burden. Yet another strong corporate belief is that older people are slower, less motivated and they also tend to be on the sick leave more often than their younger colleagues. The latter, the author claims, in definitely not true. Different forms and amounts of compensation is another tricky issue, as in some countries retired rehired specialists are earning both the pension and the salary, doubling the company’s expenses and many human resource managers admit it is quite challenging, embarrassing and thus quite rare to offer senior employees to take less money for less work. Despite all these obstacles, the author believes boomers may serve as a reliable workforce in the future, as “working in retirement” is

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