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The Baby Boomer Brain Drain, Hiring Back Retired Workers Safely by Stephanie Larkin - September 6, 2008 With 77 million baby boomers reaching retirement, and half of the middle to upper management in this country reaching retirement age in the next five years, our country is soon to lose many of its most experienced workers. By 2015, it is estimated that 20% of the workforce will be 55 or older. It is imperative that companies realize the value of older workers and work now to develop a plan for keeping these talented professionals on the job. If companies allow their experienced workers to retire, there will be a crisis of inexperience in the workplace in the next ten to fifteen years.
Shattered market forces seniors to work Boston Business Journal - by Jean Kwon Bizjournals staff - Nick Simonite
Gary Johnson thought that by about this time he would be retired, but with a dismal 401(k), he is working just as hard as ever. Gary Johnson had expected to retire about now. Johnson, who was laid off last month from a technology startup, recently began a job as an account manager for Senior Work Solutions, a job placement agency focused exclusively on people 50 and older. The company was founded last year by Holly DeLeon, a former sales executive, and her daughter, Allison Jenkins, and has seen its ranks of clients grow quickly as more seniors — their retirement savings depleted — find themselves forced to return to work.
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