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Flexible employers will thrive in shrinking labor pool


This Article Tells That Nowadays Flexible Employers Will Thrive In Shrinking Labor Pool And Tells That Flexible Employers Who Fail To Consider Flexible Work Option They May Miss The Important Opportunities For Their Business Performance And Employees Engagement.

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									CAREER CORNER                                                                                       1. 800.973.1177

                             Flexible employers will thrive in shrinking labor pool
                             [By Michael Kinsman]
                             One of the more perplexing habits of modern American businesses is to jettison workers and then complain later that they just
                             can’t find enough qualified employees.

You can read the previous sentence as many          not enough people being added to the labor          “Most older workers who say that they want
times as you like and hope that you can             force to keep up with those retirements.            to extend the number of years they remain
construct a rationale for that behavior. You                                                            in the labor force also say that the typical
can’t. That philosophy will never make sense.       Then, add to it that boomers want to                9-hour/5-day week doesn’t work for them,”
                                                    retire earlier than previous generations, a         Pitt-Catsouphes says.
So why don’t employers get it?                      trend that is compounded by cost-cutting
                                                    companies who trim their work forces by             “Employers who fail to consider flexible
A new study shows that American companies           early retirement incentives.                        work options may be missing important
often have a hand in creating their own                                                                 opportunities to enhance both their
workplace staffing issues.                          “Even though organizations know that the            business performance and their employees’
                                                    work force is aging and understand that             engagement.”
The Boston College Center on Aging and              their own workers are looking at retirement,
Work reports that even though a majority of         many are not making plans for how business          Significantly, only 33 percent of employers
employers acknowledge a short supply of             will adjust to these changes,” says Marcie          say they have done detailed projections on
available labor, only 37 percent have adopted       Pitt-Catsouphes, co-director of the Center on       the retirement rates of their older workers.
strategies to retain older workers.                 Aging and Work.
                                                                                                        The answer to the staffing problems of some
That’s exacerbated because of the large             The center’s survey finds that 60 percent of        employers may be sitting right in their laps.
number of aging baby boomers who are                employers already have identified attracting        All they need to do is identify their needs and
leaving the force or planning to leave in the       qualified employees as a significant                structure programs to keep valuable employees
near future. For some reason, employers             challenge, while 40 percent indicated that          working in a mutually beneficial way.
are having a hard time understanding                management skills are in short supply in
this fundamental change in workplace                their organizations.
                                                    The study points to research that indicates
The signs have been obvious for nearly              some aging workers would remain on the
a decade. Labor economists have been                job if they weren’t bound to traditional
projecting a shortfall of up to 0 million          work schedules.
workers as boomers retire. There simply are


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