This Week's Herman Trend Alert Women---Expanding their Sphere of Influence

The Herman Trend Alert January 14, 2009 Older Workers Recognized as More Valuable Employers are increasingly turning to older and previously retired workers for hard-to-fill positions for two reasons. First, they will do practically anything to reduce costs and second, employers, like most of us, are uncertain of the near-term future. We are already seeing an uptick in the number of special projects given to these seasoned employees. The good news about hiring these folks is that onboarding and offboarding costs are nominal, and in many cases, benefits are not an issue either. "Many retired Boomers are simply looking for a supplement to their income to maintain their desired lifestyle, said Art Koff of Retired Brains.com, a resource web site for seniors. We have all seen the value of our financial assets plummet, while healthcare costs have continued to rise, seemingly exponentially. According to Koff, "At least one in four older Americans are either postponing their retirement or seeking to return to the workforce while four in ten employers have designed programs to encourage late-career workers to stay past their traditional retirement age." Another interesting development is that valuable, long term employees have begun to leave for other jobs. These experienced, seasoned professionals in a wide variety of industries take their priceless corporate memories with them. Not only are their employers unprepared to lose these precious human resources, but the workers in many cases are irreplaceable---at any cost. The accounting and healthcare industries are particularly vulnerable. Last fall, AARP's Chief People Officer, Ellie Hollander, sounded the warning that few employers recognized the effect of the exodus of intellectual capital they will suffer when boomers retire and take all their knowledge and experience with them. Studies conducted in the aerospace and manufacturing industries reinforce this fear. As futurists, we have long touted the value of older workers, with their experience, stability, and wisdom. We have also said numerous times that employers must be more flexible with their older workers. Allowing greater flexibility in scheduling and work location will give employers a competitive edge in retaining these senior workers. Wise employers will conduct stay interviews to prevent untimely losses of these valuable human assets. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." EMPLOYERS AND JOBSEEKERS: MARK YOUR CALENDARS Advertise at or attend VetJobs Virtual Career Fairs. VetJobs, the top veterans' job board, and PSI, the premier diversity job fair producer, are teaming up to launch these VeteransCONNECT events. Employer registration is now open with loading by February 15th. Candidate loading begins March 1st. Expect 25-30 employers and an attendee goal of 2,000 skilled jobseekers. Promoted extensively, early registration begins NOW. To register or request additional information, contact VetJobs at 877-838-5627 or email info@vetjobs.com; Employers: Mention the Herman Trend Alert to receive a Bonus. LOOKING FOR A UNIQUE VALENTINE’S GIFT? Give the gift of leadership advice in our weekly Lessons in Leadership to help your supervisors and managers remind your leaders about what’s really important The 52-week subscription is only $47, a bargain when you think about the savings to your organization in reduced turnover. Quantity discounts available by emailing Joyce at joyce@hermangroup.com. http://www.hermangroup.com/store/subscription_all.html#3 Order today! PREVENT EMPLOYEE TURNOVER IN 2012 Yes, you can prevent costly employee turnover, when you train your supervisors, managers, and executives. They will learn dozens of low and no-cost strategies and tactics that they can implement right away. We have an impressive track record and stand ready to help you. Call Carl at 336-210-3547 for a no-obligation conference call. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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