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Quick Takes: May 15, 2007
  

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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