We've blogged before about the impact that retiring Baby Boomers could have on the workforce. As a recent Detroit News article notes, 25 percent of the U.S. workforce will reach retirement age in the next five to 20 years. Ten million will become eligible for retirement by 2010.
While this will seemingly worsen the already serious problem of a shrinking IT talent pool, relatively few IT managers appear concerned. Sixty percent of them recently surveyed by Computerworld say their organizations are not making any special efforts to retain older workers.
Nineteen percent of surveyed managers have offered flexible schedules to retain older workers, 12 percent have offered part-time work, and 4 percent have offered delayed retirement plans.
Such incentives may hit a sweet spot with what appears to be a growing body of older workers who want to stay on the job past the traditional retirement age.
Some older workers who want to keep working without being tied down to a specific position are finding temporary employment firms willing to place them in companies where they can work on short-term projects, reports the (Appleton, Wis.) Post-Crescent. The staffing industry is expected to grow from $120 billion a year today to $200 billion by 2010, with use of general temporary help services and highly skilled pros in short-term contracts both contributing to the increase.