Workforce

• Summary
• Effects of Healthcare & LTC
• Family Leave
• Labor Force Participation
• Labor Shortages
• Mismatches in Skills Needed
• Older Worker Policies - Employer
• Older Worker Policies - Government
• Productivity of Aging Workforce
• Technology
• Training & Education

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Source: -- Choose -- A Unilever Trip Management Report AARP AC Nielsen Homescan & Spectra Agelessons Aging Clinical and Experiemental Research American Hospital Association, First Consulting Group American Medical Association Ameriprise Boomer Insights Generation Group Business and Health Institute Center for Retirement Research at Boston College Charles Schwab & Age Wave Charles Schwab and Age Wave Corporation for National & Community Service Direct Service Workforce Resource Center Employee Benefit Research Institute Evercare Family Caregiver Alliance Fleishman Hillard Focalyst Genworth Financial Health Research and Educational Trust Institute of Medicine Journal of Health and Social Behavior Journal of Human Resources Mathematica Policy Research McKinsey Global Institute MetLife MetLife Foundation/Civic Ventures National Alliance for Caregiving  National Institue on Aging Securities Industry Association (SIA) Research Reports Sun Life Financial The Brookings Institution The Conference Board, Charles Mitchell, Managing the Mature Workforce The Dartmouth Atlas Project The Gerontological Society of America The Health & Retirement Study The Pew Charitable Trusts The Pew Research Center Trust for America's Health TV Land, a unit of Viacom Inc’s MTV Network University of Michigan Retirement Research Center Urban Institute

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Workforce » Productivity of Aging Workforce

Why It's Important

Boomers comprise a large percentage of the workforce and many intend to continue participating. Ensuring that they can continue to be productive and contribute as they age is vital to organizations.

 

See Data By: Richmond MSA | Virginia | National

How Richmond Is Doing

• About half (47%) of employers suggest they are prepared to accommodate older workers, but very few (12%) say they are very prepared. There are currently no measurable indicators of productivity among older workers available. (ODP BUSINESS LEADER, 2008)
• Two in five employers say the aging workforce is a serious issue for their organization (ODP BUSINESS LEADER, 2008)

(ODP BUSINESS LEADER, 2008)

• Two in five employers say the aging workforce is a serious issue for their organization (ODP BUSINESS LEADER, 2008)
• Three in four Boomers are currently in the labor force in the Richmond MSA and in Virginia (CENSUS BUREAU, ACS, 2007)
• Only one in ten Virginians over age 65 are currently in the labor force (11%) -- the percent is higher -- one in seven (15%) -- in Richmond (CENSUS BUREAU, ACS, 2007)
• Boomers comprise 26 percent of the population but 37 percent of the labor force in Virginia (CENSUS BUREAU, ACS, 2007)

(ODP BUSINESS LEADER, 2008)

How Virginia Is Doing

• Three in four Boomers are currently in the labor force in the Richmond MSA and in Virginia (CENSUS BUREAU, ACS, 2007)
• Only one in ten Virginians over age 65 are currently in the labor force (11%) -- the percent is higher -- one in seven (15%) -- in Richmond (CENSUS BUREAU, ACS, 2007)
• Boomers comprise 26 percent of the population but 37 percent of the labor force in Virginia (CENSUS BUREAU, ACS, 2007)

 

(ODP RESIDENT, 2008)

 

Two in Five Say the Aging Workforce Is a Serious Issue for Their Organization
Two in Ten Say It is a "Very Serious Issue (see chart above)

(ODP BUSINESS LEADER, 2008)

 

(ODP BUSINESS LEADER, 2008)

How the U.S. Is Doing

Content coming.

Data & Information Sources

Federal Interagency Forum on Aging Related Statistics

http://www.agingstats.gov/agingstatsdotnet/main_site/default.aspx

ODP, Residents’ Study & Business Leaders’ Study
http://www.olderdominion.org/documents/ODP_Exec_Sum_03_26-08.pdf

Virginia Workforce Connection
http://www.vawc.virginia.gov/analyzer/default.asp

U.S. Census Bureau, American Community Survey
http://www.census.gov/acs/www/