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Older Workers Get ‘Lukewarm’ Reception
Those approaching retirement are valued highly by some firms, while others view them as too costly, research shows.
Oldies but Goodies … or Are They? New research by the Center for Retirement
Research at Boston College suggests employers are ignoring a chief asset: older
workers. After conducting a pair of surveys, researchers found that companies
are “lukewarm” about retaining older, retirement-age workers. Employers are
“only slightly more likely than not to accommodate even half their employees”
who wish to continue working beyond their companies’ traditional retirement age.
Companies anticipating strong business growth during the next decade are more
likely to create opportunities for older workers, while employers who view them
as costly assets are less interested in whether they stay. —Garry
Kranz
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Index: Quick Takes May 15, 2007
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