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Baby Boomers Retirements Most Significant Workforce Trend

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.

The survey was developed by Robert Half International and was conducted by an independent research firm and includes responses from 150 senior executives with the nation’s 1,000 largest companies.

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 arrangments 05%
Other 05%
Don't know 01%

“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 and author of Human Resources Kit For Dummies

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.”

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