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CCH® HR MANAGEMENT ó 01/28/08

Top 10 trend for decade: Execs say itís baby boomersí retirement

There are likely to be a number of issues shaping the future of the workforce, but for today's companies, one stands out above the rest: Nearly one out of every two senior executives (47 percent) surveyed said baby boomer retirements will have the greatest impact on the workforce over the next decade.

Executives were asked, "Which of the following trends do you think will most significantly alter the workforce in the next decade?" Their responses:

                Baby boomer retirements                                47%

                Global business interactions                             31%

                Outsourcing                                                    11%

                Remote work arrangements                             5%

                Other                                                              5%

                Don't know                                                     1%

                                                                                       100%

"The looming retirement of baby boomers has captured the attention of business leaders who are concerned about retaining the expertise of their most tenured employees," said Max Messmer, chairman and CEO of Robert Half International. The survey was developed by Robert Half International and conducted by an independent research firm. It includes responses from 150 senior executives with the nation's 1,000 largest companies.

"Fortunately, many baby boomers are considering working past the traditional retirement age to stay active and continue earning," Messmer added. "Businesses that accommodate valued staff members who are not ready for retirement but seek new work arrangements, such as flexible or part-time schedules, are best able to keep top performers. Consulting arrangements allow experienced individuals to remain challenged professionally while maintaining the flexibility to pursue outside interests."

Source: Robert Half International

For additional information on this and other HR topics, consult CCH Human Resources Management or Personnel Practices/Communications.

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