How Employers Can Prepare for an Aging Workforce

Large number of older workers leaving workforce poses challenge for employers

Jan 20, 2015
Organizations are largely unprepared for the wave of Baby Boomers on the verge of retirement, according to the Society for Human Resource Management (SHRM) Aging Workforce Survey.

Mature workers, generally individuals over 50 years old, possess institutional knowledge, experience and skills that will be lost unless companies plan for the demographic change in their workforce.

A new Effective Practice Guidelines report by the SHRM Foundation, “The Aging Workforce: Leveraging the Talents of Mature Employees,” describes how employers can implement practices to retain and engage older workers, such as phased retirement and flexible work arrangements.

“Organizations must recognize the value and competitive advantage that mature workers provide,” said Mark Schmit, executive director of the SHRM Foundation. “This report helps human resource professionals and employers position their organizations to handle the realities of an aging workforce.”

The report — written by Cheryl Paullin, Ph.D., an industrial organizational psychologist at the Human Resources Research Organization, — was funded by a grant from the Alfred P. Sloan Foundation. It is the 20th report in the SHRM Foundation Effective Practice Guidelines series.

To read the full report, please visit:

For more information, please contact Laura Ambrosio of SHRM Public Affairs at 703-535-6273 and or Kate Kennedy at 703-535-6260 and Follow us on Twitter @SHRMPress.

About the SHRM Foundation
The SHRM Foundation was founded in 1966 as a 501(c)(3) not-for-profit affiliate of the Society for Human Resource Management (SHRM). The SHRM Foundation advances global HR knowledge and practice by providing thought leadership and educational support, and by sponsoring, funding and driving the adoption of cutting-edge, actionable and evidence-based research. Visit and follow us on Twitter @SHRMFoundation.

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