Conference on Adapting to an Aging Workforce
The Stanford Center on Longevity, with the support of Marsh & McLennan Companies, convened a conference in April 2013 to launch a conversation about how employers might adapt to the aging workforce.
The goal of the conference was to identify current successful practices and to develop a list of potential strategies for further research. The conference brought together business executives, human resources personnel, academics, and industry thought leaders to examine multiple aspects of the issue and to more fully understand the employer perspective of employing an aging workforce.
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The Aging US Workforce: A Chartbook of Demographic Shifts
By 2020, older workers will account for 25% of the U.S. labor force, up from just 13% in 2000. This shift reflects two trends: the overall population is aging and more and more older people are working longer. By 2020, 28% of women age 65-74 will be working, up from 15% in 2000, and 35% of men age 65-74 will be working, up from 25% in 2000.
The latest report from the Stanford Center on Longevity, “The Aging US Workforce” describes these and other trends and explains what these challenges mean for employers, workers, and policy makers. The report, written by Adele Hayutin, Michaela Beals and Elizabeth Borges, presents analysis of population and labor force age shifts, age distribution across industries and occupations, as well as other variables regarding job-tenure and employment, age-related work preferences, compensation, and job types.
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