Wednesday, October 27, 2010

Research: Wholesale Sector Behind Other Industries in Preparing for Aging Workforce

According to the latest in a series of industry-focused looks at employer preparedness for an aging workforce, researches at Sloan Center on Aging & Work at Boston College note that the wholesale sector reports greater problems associated with shifts in the age demographics of the workforce as compared to other sectors. In "Talent Pressures and the Aging Workforce: Wholesale Sector," the Center reports that, from 2000-2007, the percentage of wholesale workers aged 55-64 increased by 35% compared to 28% in all industries, and employment of wholesale workers aged 65+ increased by 10%, compared to 7% in all industries.

Among other things, the report finds that that many employers in the wholesale trade sector have only a limited knowledge of their workforce, and that a large-scale exodus of workers could leave some employers in this sector with stiff challenges in locating replacement employees. To this end, the report suggests, among other things, that the the aging of the workforce offers employers in the sectoran opportunity to re-vitalize their flexible work options, because older workers express a preference for access to flexible work options.

Source: Sloan Center on Aging & Work at Boston College Publication News (October 2010)

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