Tuesday, October 19, 2010

Survey: Employers Confront Loss of Skilled Workers and Critical Knowledge with Retirement of Older Workers

Career Partners International(CPI) has released the results of a survey of senior executives and HR executives and managers from 26 countries, finding that 64% thought retiring workers would have a significant impact on their organization, while at least 90% expect retirements to significantly increase the loss of knowledge and expertise. However, the CPI Global Mature Workforce Survey found that only 34% anticipated making changes to employment practices or benefits or make their organization more attractive for current employees or recruits.

CPI says that the sectors most concerned about their loss of competitive edge due to retirements included business services, government, manufacturing and utilities. In addition, it noted that large and small firms had different expectations about the impact of retiring workers, with 73% of large organizations expecting at least a significant impact, while only 59% of small organizations had similar expectations.

In addition to the survey results, CPI has made available a webinar, which has experts presenting their thoughts on the analysis of results, including additional information not previously presented.

Source: Career Partners International News Release (October 7, 2010)

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