Future Friday: The end of retirement?

OmegaHR Solutions

The fifth change they talked about is the subject of retirement, something, I must admit, has been a more frequent subject in my life. There are a number of reasons that the “standard” retirement age of 65 is no longer viable. Already in the US the full retirement age for anyone born since 1943 is 66, not 65. In the UK retirement which currently stands at 65 for men and 62 for women in the UK, will rise to 67 for both by 2028. Phased retirement.

Case Study: Strategic Workforce Planning for Rail Infrastructure Managers

Analytics in HR

The quantitative model provided us with several useful insights: First, the personnel data shows us that in the period from 2022 till 2028 many employees will leave the company due to retirement.

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A Pledge to Allyship

Thrive Global

trillion between 2019 and 2028—4 to 6 percent of the projected GDP in 2028” This is a real and tangible number that we can affect in most of our lifetime. As we arise from our collective grief over the loss of Black lives in America, the term “allyship” is increasing in use.

H&R Block Believes in Lifetime Learning as a Business Driving Force

Rallyware for Human Resources

Three Predictions for the Future of Work in 2028 by Kip Knight. This will probably mean more government mandated programs, especially in the areas of health care and retirement. Change happens around us every moment, making the future seem vague and mysterious. But is it that blurry? We shouldn’t forget that the majority of changes are people-driven.

7 Most Popular Jobs in 2021

Accurate Background

Since the outbreak of COVID-19, one in four people have struggled to pay their bills, a third have taken money out of savings or retirement accounts, and one in six have borrowed money or gotten food from a food bank, according to a survey from the Pew Research Center.

Speed Up Construction Hiring: 5 Ways To Beat The Labor Shortage

ApplicantStack Recruiting Software

Many had been held by boomers who either retired or left the industry. The demand for construction and extraction employees will grow 10 percent from 2018 to 2028. Construction hiring isn’t going to get easier. According to the BLS (Bureau of Labor Statistics), there were 263,000 open construction jobs in June 2019. This is the highest number since the recession. It’s no secret that many construction employers are struggling to find workers.

Washington policy update: October 2019 Benefits and Compensation Bulletin

HR Times

DOL announces final rule on Association Retirement Plans (ARPs) : According to a 2018 survey, only 53 percent of workers at private-sector establishments with fewer than 100 workers had access to retirement plans. Under the new Department of Labor rule announced on July 29, 2019, small and mid-size businesses will gain access to retirement plans through ARPs. billion for FY 2028 for the Multiemployer system.

4 Ways To Better Manage Manufacturing Talent

Paycor

million factory jobs could remain unfilled through 2028 because of a tightening labor market and manufacturing talent shortage. million workers will retire from the manufacturing workforce over the next decade, leaving a huge gap to fill.

5 Ways Manufacturers can Tackle Their Talent Troubles

Visibility Software Recruiting

Hundreds of thousands of highly-skilled workers are on the verge of retiring while thousands of new jobs are being created—and the ability to attract new talent is weakening as younger workers choose fields outside the manufacturing sector. Manufacturers are in the midst of a talent crisis.

5 Ways Manufacturers can Tackle Their Talent Troubles

Visibility Software Recruiting

Hundreds of thousands of highly-skilled workers are on the verge of retiring while thousands of new jobs are being created—and the ability to attract new talent is weakening as younger workers choose fields outside the manufacturing sector. Manufacturers are in the midst of a talent crisis.

Nursing Professional Development is Crucial to Nursing Shortage

Edcor

In the US alone, the Bureau of Labor Statistics predicts that registered nurses employment in the US will grow 12 percent from 2018 to 2028. In the next 10 to 15 years nurse retirements will add to the nursing shortage. September 13-19 is Nursing Professional Development Week.

The nursing shortage is critical at this time

Edcor

The Bureau of Labor Statics predicts that the nursing shortage will increase 12 percent by 2028, in the United States alone.

A Healthy Dose of Innovation

HRO Today

million jobs by 2028, COVID-19 has caused an even more pressing need for the right talent at the right time. Ways healthcare organizations are pivoting their recruitment and hiring approaches to overcome the global pandemic’s challenges. By Debbie Bolla.

Washington policy update: October 2019 Benefits and Compensation Bulletin

Bersin

DOL announces final rule on Association Retirement Plans (ARPs) : According to a 2018 survey, only 53 percent of workers at private-sector establishments with fewer than 100 workers had access to retirement plans. Under the new Department of Labor rule announced on July 29, 2019, small and mid-size businesses will gain access to retirement plans through ARPs. billion for FY 2028 for the Multiemployer system.

Manufacturing Hiring: New Challenges and Opportunities

ApplicantStack

million manufacturing positions will go unfilled between 2018 and 2028. Boomers are retiring. In today’s post, we focus on manufacturing hiring. The Great Recession took a heavy toll on this industry. production dropped 20% and 15% of manufacturing employees were laid off. Since 2008, the industry has had nowhere to go but up. Manufacturing is Thriving. Despite outdated stereotypes, today the manufacturing sector is booming. In 2018, the industry added 300,000 new jobs.

Organizational Silos and Growing Skills Gap: Most Common Challenges in Manufacturing

Quickbase

million positions unfilled by 2028. Additionally, a significant amount of the manufacturing workforce is nearing retirement age. While the older generation of workers is gearing up to retire, one of the most serious recruiting challenges the Deloitte study found was that younger workers have a largely negative perception of the manufacturing industry.

How a Learning Management System Can Help Manufacturers Elevate Their Training Program

SkyPrep

With the baby boomer generation entering retirement, it puts the manufacturing industry at risk of a major labor shortage. million positions by 2028, putting $2.5 The entire team will have this key knowledge readily available when senior employees retire. Manufacturers are facing greater challenges than ever before in today’s fast-paced global economy.

How to Handle the Growing Labor Shortage in Manufacturing

Workforce Opportunity Services

million positions unfilled between 2018 and 2028—a potential economic impact of 2.5 Blue-collar jobs are currently the hardest to fill because more and more Americans are going to college and taking professional jobs while working-class baby boomers are retiring. So much so that nearly 27 percent of manufacturing workers are set to retire over the next 10 years, taking their specialized skills and institutional knowledge with them.

Employee Development: 5 Easy Ways To Level Up Your Team

Trainual

Between 2018 and 2028, Deloitte estimates that 2.4M And the number of people retiring will outpace those entering the workforce. And unless you’re developing your younger employees, your older employees will retire – taking the skills you need with them.

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier - Talent Acquisition

Even though healthcare has been projected to a dd 1,9 million jobs–more than any other industry–between 2018 and 2028 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). Retirement Trends.

Where Do Your Payroll Taxes Go?

Zenefits

As the massive Baby Boomer generation retires, Social Security is expected only to be able to cover 75% of its obligation by 2035. At 15% of the overall federal budget , it’s estimated that by 2028, Medicare will only be able to cover 87% of its obligations under its Plan A hospital insurance. . Today marks the start of National Payroll Week! To do our best to honor one of our favorite topics around, we want to dedicate this week to answering common payroll questions.

The Skills Gap Analysis – A Full Guide

Digital HR Tech

million positions unfilled between 2018 and 2028. Because even if you’re able to reskill or upskill your current employees, at some point you will have to recruit new people (due to employees leaving, retiring, etc).

Get the 2018 HR Trends in 3 Minutes

Paycor

The current recruiting market is heavily saturated, and as baby boomers retire, transferring their knowledge to new generations of workers is top of mind. Reports suggest that 75 million workers in the United States will retire in the next decade and be replaced by a talent pool of just 45 million. HR Topics: Megatrends Shaping HR 2028. If you missed Paycor’s 2018 October HR and Compliance Web Summit, we’ve got you covered.

5 Ways Manufacturers can Tackle Their Talent Troubles

Visibility Software Recruiting

Hundreds of thousands of highly-skilled workers are on the verge of retiring while thousands of new jobs are being created—and the ability to attract new talent is weakening as younger workers choose fields outside the manufacturing sector. Manufacturers are in the midst of a talent crisis.

How To Turn The Generational Divide Into A Winning Business Strategy

SAP Innovation

Trends indicate that these conflicts will increase — particularly as baby boomers delay retirement and stay in the workforce, and millennials begin to take management positions where they manage significantly older, arguably more experienced co-workers (by 2016, millennials will account for nearly half of all employees worldwide). The Gen X population (ages 35 to 50 in 2015) is projected to outnumber the baby boomers by 2028.