Employers’ (Lack of) Response to the Retirement Income Challenge
The brief’s key findings from a 2006 survey are:
- Employers expect many of their older workers will need to work longer, but are lukewarm about keeping them.
- Employers are failing to confront a potential disorderly retirement process.
- Firms more inclined to help workers plan for retirement or work longer tend to be large, fast-growing, and worried about “brain drain.”
- Firms that expect many older workers to stay on show no special interest in such retirement initiatives.
- In short, employers appear to view retirement initiatives only as part of hiring and retention, not as a way to ease retirement transitions.