This Week's Herman Trend Alert

The War for Talent has
Resumed---Once Again

 

  The Herman Trend Alert

October 12, 2005

Unhappy Senior Workers

We have forecasted a substantial growth in workers over 55 years of age, projecting that we will see significant increases in the number of employees in their seventies, eighties, and nineties. The leading edge of this trend is already evident. Reasons for people continuing to work include their personal values and a desire to be productive.

There is more to this picture. While a large number of older citizens enjoy working and making a difference, they also want to be with other people. Opportunities to serve as coaches, mentors, and role models are very satisfying for employees who have climbed their way up the ladder of success. All these reasons sound very positive and motivating, and they are.

But there is a dark side to the trend. Many older workers will continue to report for duty because they need the security of their employer’s benefit program. The emphasis today is on health insurance, an important support that is often unaffordable for retirees. While government programs such as Medicare help, the level is described as barely survival by seniors who need extended employment. Other benefits are important, too, but are over-shadowed by the vital need for medical and prescription drug coverage.

This circumstance, under which a number of employees will work because they have to instead of because they want to, will create a level of irritation and feeling of lack of control. Neither of these attitudes is healthy for the employer or the employee. Human resource specialists and managers will need to build their sensitivity to these attitudes of a portion of their older workforce.

Wise employers who can benefit from the wisdom, experience, and maturity of older workers will maintain a consciously supportive insurance program for employees. Coverage that includes people who work part-time, flextime, or job-sharing schedules will enable employers to attract more stable, dependable, high-performing seasoned employees. Some of these workers will be in a financial position to need only partial assistance; other will need a full support package. Designing flexibility into benefits design and administration will make a big difference in the competition for top talent.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3547 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

WELCOME TO THE HERMAN TREND ALERT---NOW IN HTML
You may have noticed that last week's Herman Trend Alert looked a little different? That's because we were working on the well-programmed format (CCtoMany) you see below. Thank you for your patience with us and special thanks to my brilliant IT guy Byron Lunz for his valuable help. We have made this change, because most of you are either reading our email on computers or smart mobile devices. To contact Byron or if you feel strongly that we should return to text-only, please let me know at joyce@hermangroup.com? Thank you for your patience with us! JLG

FIND THE SKILLED PEOPLE YOU NEED
Vetjobs can help you find experienced, qualified people. Plus, you'll find a valuable list of virtual job fairs where you can advertise at http://vetjobs.com/media/upcoming-military-related-career-fairs/ Or you can post your open positions at Vetjobs.com. Mention the Herman Trend Alert for a 10% discount on your first order. Vetjobs can help you find experienced, qualified people. Plus, you'll find a valuable list of virtual job fairs where you can advertise at http://vetjobs.com/media/upcoming-military-related-career-fairs/ Or you can post your open positions at Vetjobs.com. Mention the Herman Trend Alert for a 10% discount on your first order.

LOOKING FOR A DYNAMIC SPEAKER TO INFORM AND ENTERTAIN YOUR AUDIENCE
Our Herman Trend Alert author, Joyce Gioia, is a popular speaker for a wide variety of different groups. For more information about Joyce and a sampling of the topics Joyce can cover, visit http://www.hermangroup.com/joyce.html or call Carl at 336.210.3548.

To read this Herman Trend Alert on the web: http:// www.hermangroup.com/alert/archive_10-15-2014.html


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