View Full Version : Do Older Workers Need a Nudge?

06-14-2011, 01:43 PM
With Americans' retirement prospects on shakier ground and with life spans increasing, who can blame the baby boomers for wanting to hang on? Yet who can blame younger workers for resenting them, even if some people in their 20's are not eager to jump into the rat race, particularly if their parents are willing to provide a safety net (possibly because mom and dad are still working)?

What should employers be able to do when an older worker hangs on well past his or her productive years? Are some older employees blocking the way for new blood in American offices and workplaces?

As roughly 44 million baby boomers hit retirement age over the next decade, the problem of how and when to step aside is becoming a hot-button issue, said Robert J. Gordon, a professor of economics at Northwestern University. Many older workers have had to put off retirement because of stock market losses during the recent deep recession. And while unemployment among older workers is lower than the national average at 6.2 percent, it is up sharply from three years ago, when it stood at 2.9 percent.

Some jobs will always have age restrictions — police officers, firefighters, air traffic controllers and the like. And in corporate America, mandatory retirement ages for senior management face less resistance, thanks in part to generous incentives to leave early that are perfectly legal. What is more, federal law permits age limits for the top brass who set corporate policy. But chief executives still have a habit of hanging on, said Jeffrey A. Sonnenfeld, a professor at the Yale School of Management and the author of a book on the subject, “The Hero’s Farewell.”


06-14-2011, 02:06 PM
Would you like prunes with that?

06-15-2011, 12:56 AM
I say if they are not getting it done anymore, cut them loose. A lot of older people do not learn as fast or are not very willing to accept change esp. with new technology. I say if there is someone better, see ya!