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How the Retirement Boom Has Impacted HR and Recruiting

Accurate Background

They’re retiring. The workforce is experiencing a seismic shift as Baby Boomers embark on their journey into retirement. The oldest boomers turned 65 in 2011, the youngest will hit 65 by 2029, and all boomers will be above the social security retirement age of 67 by the year 2031. (To So, where are the Baby Boomers now?

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7 Most Popular Jobs in 2021

Accurate Background

Between February and May of 2020, the number of unemployed Americans increased from 6.2 Despite a decline in the output of the construction sector in 2020, the industry is expected to quickly recover and grow by 15.6% 2020 was the year we all learned to value our healthcare professionals for the heroes they truly are.

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The Small Business Daily Rundown: Are You a Cyberloaf?

Zenefits

Recent research from the Insured Retirement Institute sheds an interesting light on the nature of America’s aging workforce. While many people are working because they don’t have sufficient retirement savings, workers cited improved health and fitness, along with a desire to continue participating in society, contribute to prolonged careers.

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HR Trends for 2023 – A Paradigm Shift

Synergita

According to NITI Aayog, India’s gig workforce is expected to rise from 77 lakh in 2020-21 to 2.35 crore by 2029-30. Though the retirement benefits are good, it will still be difficult for HR to hire. Experiential Learning: This will be the most-sought after HR trend. This will improve their cognitive and problem-solving skills.

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How to Manage A Multigenerational Workforce?

CuteHR

million individuals will turn 65 each year between 2011 (when the oldest boomers reached the age of 65) and 2029 (when the youngest boomers will turn 65), or about 10,000 per day. The Baby Boomers are the first generation to reject the customary retirement age of 65. According to Gallup, nearly 3.8