Forget the long-predicted retirement tsunami of Baby Boomers. They just might be here to stay.
I was reading a post by a colleague of mine and this quote from a podcast interview struck me:
At DHS…20-25% [of our workforce] are at retirement eligible age, or soon to be. But what we noticed in 2012 is that people are not retiring as quickly as they did in the past. Teleworking is a big reason for that. It allows employees the chance to work a more flexible schedule so they aren’t retiring as early as before.
I’ve long been an advocate for telework as I believe it enables this kind of flexibility for a remote workforce – and I’ve argued that it’s not just a recruitment tool for the next generation of government employees, but that it’s a way to retain Boomers whose knowledge and experience are critical for workforce continuity.
That being said, I am wondering if the trend identified in this interview is more widespread.
Are you seeing Boomers staying on beyond a typical retirement age?
Is telework the driver or some other factor?
Related Resources
- Be sure to check out these related blog posts on telework.
- You might also appreciate the telework calculator we created to help you determine the potential cost savings achieved through teleworking.