Wednesday, May 23, 2007
Tweet[IWS] AARP: NEW YORK--AGING WORKFORCE PREPARATION [May 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
AARP Policy & Research
Preparing for an Aging Workforce: A Focus on New York Businesses
Research Report
Katherine Bridges, M.G.S., AARP Knowledge Management
David Cicero, AARP Knowledge Management
May 2007
http://www.aarp.org/research/work/employment/ny_worker_07.html
or
http://assets.aarp.org/rgcenter/econ/ny_worker_07.pdf
[full-text, 27 pages]
How prepared are New York employers for potential labor shortages due to baby boomer retirements? This late 2006 AARP survey of 400 employers across the state examines employer perception and action concerning worker shortages, loss of institutional knowledge, and retention of older workers.
Of those surveyed...
* 62 percent believe their business is likely to face a shortage of qualified workers within the next five years, but only 23 percent say they have taken steps to prepare for potential worker shortages due to baby boomer retirements
* 11 percent say they are offering incentives to encourage their employees to delay retirement
* 72 percent say it is extremely or very important to retain institutional knowledge that might be lost when employees retire or otherwise leave, but only 34 percent have a formal process in place enabling employees to pass on their knowledge and experience before they leave
* 39 percent offer reduced work schedules for those considering retirement, mostly on an informal, case-by-case basis, but only 6% of those offering this option have a formal phased-retirement program
This statewide survey of 400 New York employers was conducted for AARP by Alan Newman Research from November 6 through December 7, 2006. For more information, contact Katherine Bridges, the report's co-author, at 207-899-2094. (22 pages)
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
AARP Policy & Research
Preparing for an Aging Workforce: A Focus on New York Businesses
Research Report
Katherine Bridges, M.G.S., AARP Knowledge Management
David Cicero, AARP Knowledge Management
May 2007
http://www.aarp.org/research/work/employment/ny_worker_07.html
or
http://assets.aarp.org/rgcenter/econ/ny_worker_07.pdf
[full-text, 27 pages]
How prepared are New York employers for potential labor shortages due to baby boomer retirements? This late 2006 AARP survey of 400 employers across the state examines employer perception and action concerning worker shortages, loss of institutional knowledge, and retention of older workers.
Of those surveyed...
* 62 percent believe their business is likely to face a shortage of qualified workers within the next five years, but only 23 percent say they have taken steps to prepare for potential worker shortages due to baby boomer retirements
* 11 percent say they are offering incentives to encourage their employees to delay retirement
* 72 percent say it is extremely or very important to retain institutional knowledge that might be lost when employees retire or otherwise leave, but only 34 percent have a formal process in place enabling employees to pass on their knowledge and experience before they leave
* 39 percent offer reduced work schedules for those considering retirement, mostly on an informal, case-by-case basis, but only 6% of those offering this option have a formal phased-retirement program
This statewide survey of 400 New York employers was conducted for AARP by Alan Newman Research from November 6 through December 7, 2006. For more information, contact Katherine Bridges, the report's co-author, at 207-899-2094. (22 pages)
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 3:20 PM
