NCPA - National Center for Policy Analysis

Companies Trying To Retain Would-Be Retirees

January 4, 2001

A decade ago, workers reaching retirement age were shown the door in some companies. But today, employers are so short-staffed they are asking would-be retirees to consider staying on the job. Company managers want to retain their experience and skills.

  • More than 60 percent of organizations with a policy on rehiring retirees will bring them back as part-time or temporary workers, according to a soon-to-be-released study by William M. Mercer Co.
  • Human resources experts predict that retaining older workers will be a hot issue in the next few years.
  • The first wave of baby-boomers will turn 55 this year -- adding urgency to efforts to keep them aboard.
  • So employers are compiling lists of retirees who are willing to return to work.

Others are offering benefits to retired workers who agree to work part time.

Source: Stephanie Armour, "More Firms Ask Retirees to Remain," USA Today, January 4, 2000.

 

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