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Firms Not Planning for Booming Retirements

Please note: This item is from our archives and was published in 2007. It is provided for historical reference. The content may be out of date and links may no longer function.

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Almost 40% of companies have made no projections about the retirement rate of their employees and more than 25% have not even analyzed their work force demographics, which might unexpectedly jeopardize employer success, according to The Center on Aging and Work/Workplace Flexibility at Boston College.

The study found that, although employers held a particular interest in the retirement forecasts of their older workers, only one-third had made projections about retirement to a great (10%) or moderate extent (24%).

Source: The National Study Report, www.bc.edu/agingandwork.