This Week's Herman Trend Alert

Harnessing the Power
of the Tides

 

  The Herman Trend Alert

September 12, 2001

Older and Wiser: The Resurgence of Older Workers

Not so long ago, workers over 45 were afraid to lose their jobs. They were too old, no longer young and energetic, so employers probably wouldn't hire them. By the time they reached the age of 60 or 65, they were expected to retire, to go out to pasture. Their lives were over.

Today the picture is much different. Older workers take partial retirement, still earning money from part-time work. Or they postpone retirement to work just a little longer. With the labor shortage, many jobs are available. Employers hire them because they need people and older folks seem to be able to do the job.

The labor market is shifting, though the transition has been delayed temporarily by the slowdown in the economy. The transition will move the employment market to actively seek older workers because of their maturity, wisdom, stability, and attitude toward being productive. As the economy heats up again, competition for good workers will intensify, with recruiters becoming increasingly aggressive.

Those recruiters will find it more and more difficult to locate young people to fill the open positions. There just won't be enough to fill all those jobs. Gradually, those recruiters will turn to older candidates. Older workers will find themselves in demand, with greater opportunities to make choices about where they will work. Some employers will direct their recruiters specifically to pursue applicants with more years of experience and more attractive attitudes about performance and longevity. By nature and values, those senior people will be more stable and thus will be sought- after by employers tired of the churning of their workforce.

The implications of people working significantly longer are fascinating. The expectation that leisure travel will increase dramatically must be modified. The demand on the healthcare system may also be deferred, since those senior citizens will be active mentally and physically. If they're still working, people eligible for Social Security may postpone their withdrawals.

Older workers will become a significant force in our economy. Their votes will be influential. Their coaching and mentoring of younger executives will balance enthusiasm with seasoning, producing stronger business results.

Comments from our readers:

An additional comment on your trend of older Americans staying in the workforce ...

Many baby boomers will HAVE to stay in the workforce, because they are ill-prepared for retirement - they have overextended, getting into consumer debt, and many have inadequate retirement savings. Social Security income will not be enough to maintain acceptable lifestyles; therefore, they will continue to work as long as possible.

Denise Sellers


© 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. 1.336.210.3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

A MESSAGE OF THANKS!
At this season of Thanksgiving in the United States, I wanted to take the opportunity to express my appreciation to you, our valued subscribers for your continued loyalty. It is precisely that loyalty that allows me to come into your lives once a week with our insights and forecasts for the future. Many thanks!

YOUR ANSWER TO RECRUITING THE PEOPLE YOU NEED NOW: BE RECOGNIZED AS AN EMPLOYER OF CHOICE® AWARD WINNER
With the workforce crisis detailed in last week's Herman Trend Alert, you could really use a leg up in competing for top talent. Winning the Employer of Choice® Award could be your competitive edge in this very tight labor market. Celebrate your employee-centered corporate culture! This coveted award is well worth the effort, yet is not easy to achieve. Download the extensive application at EmployerofChoice.com; or for a Word® version, drop a note to Joyce@EmployerOfChoice.com or call Joyce at 1.336.210.3548.

BE FOUND BY THE MEDIA
Want to know how Joyce (our author) gets quoted in TIME Magazine and other national media? Sign up for ExpertClick.com. You will be found by the news media and in Google searches: 1. Through your personal search-engine-optimized press room by 39 topics you choose; 2. By news releases pushed out 10 ways including Google News; 3. Be found in the 2021 printed Yearbook of Experts, Authorities & Spokespersons. Until December 10th, get a free 10-Day Pass and send news releases free at http://www.NewsTip.com/Refer/Guest_of_Joyce.

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_11-24-2021.html.


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ Home About Products Resources Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.