How Are Employers Responding to an Aging Workforce?

Abstract The American population is aging and changes in the population’s age structure are leading to an aging of the nation’s workforce. In addition, changes to age-specific participation rates are exacerbating the aging of the national labor force. An important challenge for firms and organizatio...

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Bibliographic Details
Published in:The Gerontologist 2020-12, Vol.60 (8), p.1403-1410
Main Authors: Clark, Robert L, Ritter, Beth M
Format: Article
Language:English
Subjects:
Aging
Employee benefits
Employers
Employment
Human resource management
Humans
Labor force
Older workers
Productivity
Retirement
Retirement planning
Retirement policies
United States
Workforce
Working conditions
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Summary:Abstract The American population is aging and changes in the population’s age structure are leading to an aging of the nation’s workforce. In addition, changes to age-specific participation rates are exacerbating the aging of the national labor force. An important challenge for firms and organizations is how does workforce aging affect labor costs, productivity, and the sustainability of the organization. This article examines employer responses to workforce aging, including changes to retirement policies, modification in working conditions, adoption of phased retirement plans, and reforming other employee benefits.
ISSN:0016-9013
1758-5341
DOI:10.1093/geront/gnaa031