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STRATEGY > KNOWLEDGE/COMPETENCY
Research Will Document Practices to Engage Late-Career Workers
NEW YORK —June 7, 2006—Building on 25 years of research on older workers, The Conference Board is launching an expanded maturing workforce research initiative.
The effort received support from the Atlantic Philanthropies USA Inc. in the form of a three-year, $2 million grant to study the inclusion and engagement of late-career workers in corporations and not-for-profit organizations, according to a company announcement.
The Conference Board will examine the practices and policies of major employers and business community leaders, as well as concerns and needs of today's mature workforce.
Some 64 million baby boomers active in the U.S. labor force are poised to retire in large numbers by the end of this decade, the announcement said.
The Conference Board research working groups bring together consortia of executives interested in actionable research on specific business issues, the announcement said. “In these groups, we have front-line executives serving as research advisors and resources,” said Lorrie Foster, executive director, councils and working groups.
The maturing workforce initiative at will convene separate working groups on mature workforce issues. Marketplace opportunities related to the aging U.S. population will also be addressed, the announcement said.
Researchers will look at mature workers in two distinct roles—as employees and as potential retirees. It will focus on problems facing mature workers, the costs and value of mature workers, the hidden values of their job satisfaction, the impact of rising healthcare costs on these workers, emerging opportunities from aging consumer markets, prospects for building a better intergenerational workplace, and models for retirement, according to the announcement.
It intends to create strategies to help employers leverage the skills of employees who are late into their careers.
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