Beginning in 2006, every day marks the 60th birthday of one or more of the nation's 78 million baby boomers. The jobs that will be most affected by baby boomer retirements are: airline pilots, management analysts, teachers/special education, photographers, teacher's aides, industrial engineers, social workers, HR professionals, postal workers, and police, according to the Bureau of Labor Statistics.

Although two-thirds of companies expect baby boomer retirements to have a measurable impact on their organizations, more than three-fourths of employers have not yet started planning to deal with how this issue will affect them, according to ClearRock, an executive coaching and outplacement firm. ClearRock has found that flexible working arrangements may not be sufficient to keep as many baby boomers on board as companies would like, and monetary inducements, such as bonuses or enhanced pension formulas, may be required to fill the gap.

ClearRock’s survey revealed that the top methods that organizations are planning to implement to try to retain baby boomers on their payrolls past retirement age include:

• flexible hours and schedules (79%);
• part-time positions (67%);
• telecommuting (53%);
• boomers serving as mentors (18%);
• stay bonuses (5%); and
• enhanced pension formulas (5%).

Source: ClearRock Executive Coaching & Outpatient, http://www.clearrock.com.