Mature Workers in Today's Workforce

Mature Workers in Today’s Workforce:
The Recent Trend in New Age Staffing

June 2010

New age philosophies in staffing recognize workers of many diverse backgrounds. Largely resulting from the new trend of Americans living longer, the American workforce today has a plethora of older workers. Many organizations have recognized this phenomenon, and therefore have developed staffing strategies with respect to this trend. The recent Wall Street melt down has also left many mature workers unable to afford retirement, resulting in further expansion of today’s workforce. With such knowledge, staffing managers can make effective decisions with regards to the acquisition, deployment and retention of the mature workforce. Understanding the implication of mature workers in a diversified workforce is imperative within staffing strategy in today’s organizations. In fact, if not for older workers the future of the American workforce is grim, as this may result in labor shortages. It is recommended that staffing professionals recognize the benefits of an older workforce, while adequately preparing for related obstacles. It is critical to evaluate the associated cost measures, specific needs and labor requirements of older workers. It is crucial to maintaining a competitive advantage in the global market, and aligning human resource staffing with the overall organizational goals.
The United States Government Accountability Office (USGAO), projects that the share of the U.S population age 65 and older will increase from 12.4 percent in 2000 to 19.6 percent in 2030 and continue to grow through 2030. Furthermore, it is expected that the average number of years that men who reach age 65 are expected to live is projected to increase from just over 13 years in 1970 to 17 by 2020. Women have also experienced a similar rise from 17 years in 1970 to 20 by 2020. The office contends that the labor force is slowing to the extent that organizations must find adequate ways to...