|
E-mail this page to a friend!
Retirement News
Older Workers Underappreciated in Workplace, Says
Survey
Baby boomers and senior
citizens not considered good source of advice
April 26, 2006 Three quarters of older,
experienced workers age 55 and older said they relate well to
younger co-workers, but the sentiment is not returned by the young
employees only 56 percent say they relate well to older workers. Even
more startling in the new survey: 77 percent of the young workers say
their contemporaries do not seek advice and guidance from their seniors.
| |
Related Stories |
|
| |
Retirement Plans Filled with Holes for Many Americans
Haven't saved enough and underestimate their needs
April 11, 2006 - A large majority of Americans expect to enjoy a
comfortable retirement, but many have not taken the actions needed to
turn their aspirations into reality and face the prospect of having to
work far longer than they expect, according to the 16th annual
Retirement Confidence Survey. The survey, released today, showed many
Americans retirement expectations are like a piece of Swiss cheesefull
of holes.
Read more...
Tough Retirement Ahead for Americans Relying on
Social Security, Pensions
Almost half expect
to fund retirement with S.S. and pensions but for only 10-20 years
April 4, 2006 - Many Americans are headed for tough
retirement years and may not be able to maintain their current standard
of living, suggests a new poll conducted by Harris Interactive for the
American Institute of Certified Public Accountants. The CPAs are also
offering free online tools to help with retirement planning.
Read more...
Study of Older Americans Finds Retirement More a
'State' Than a 'Date'
Limited savings,
longer life conflict with desire for self-employment, part-time work
April 3, 2006 Older workers today are changing
the concept of retirement as they live longer and work well past
traditional retirement age - some even returning to the workforce after
they "retire" and/or opting for "portfolios" of paid and volunteer
positions, according a new MetLife Mature Market Institute study, Living
Longer, Working Longer: The Changing Landscape of the Aging Workforce.
As an example of the state of retirement, this study says 37 percent of
those age 66-70 are either working of looking for work.
Read more...
Most Americans Worried About Retirement Costs but
Not Preparing
March 19, 2006 Several recent surveys are
pointing to a certain crisis for America as the cost of retirement and
health care spirals upward and the financial ability of senior citizens
to cope with these costs is inadequate. One survey released this month
found more than half of all Americans are worried about their retirement
security, yet, 29 percent did not save a dollar last year in
preparation.
Read more...
Current Retirees Need at Least $200,000 for Couples
Health Care
Fidelity estimate is a 5.3 percent increase over last year
March 17, 2006 If you are age 65, married, ready
to retire and have $200,000 available, you can probably pay for your
medical costs in retirement. That is the latest estimate by Fidelity
Investments that assumes no employer-provided retiree health coverage
and life expectancy of 17 years for a male and 20 years for a female.
Others say, however, this estimate is inadequate.
Read more...
Changing View on Retirement May Allow You to Retire
Sooner
April 10, 2006 -
Read more...
Read more
Retirement News |
|
Is the workplace a fountain of youth for older
workers or is it a necessary means to supplement meager retirement
funds? According to the survey released today by Randstad USA, a
workforce solutions company, 91 percent of employed U.S. adults said
they have not saved enough money for a comfortable retirement, and 40
percent expect to continue working after retiring from full-time work.
With Americans continuing to work past historical
retirement age, the survey shows some possible compatibility issues with
younger workers that employers need to be prepared to appropriately
address.
Only 20 percent of workers believe their older
co-workers energize them and bring new ideas to the table.
While 90 percent of employed U.S. adults surveyed
stated people over age 50 are "with-the-times," 70 percent actually
think their company does not value older workers.
Many older workers, on the other hand, think their
companies are impartial to employees' ages. In fact, more than half of
employed adults ages 55 and older agree that their company treats
employees of all ages fairly (58 percent) and that their company values
employees over age 50 (54 percent). That is considered a good thing,
considering one-fifth (20 percent) of employed adults said they are
older than their boss.
The following table outlines varying perspectives
of how the oldest and youngest workers surveyed view each other in the
workplace:
|
Oldest Workers' Viewpoint |
Youngest Workers' Viewpoint |
|
(age 55+) |
(ages 18-34) |
|
● 75 percent
said they relate well to younger co-workers |
● 54 percent
said they relate well to older workers |
|
● 43 percent
said they learn from younger co-workers |
● 64 percent
said they learn from their older co-workers |
|
● 54 percent
said their company values employees over age 50 |
● 25 percent
said their company values employees over age 50 |
|
● 42 percent
said their younger co-workers energize them and bring new
ideas to the table |
● 23 percent
said their older co-workers energize them and bring new
ideas to the table |
|
● 32 percent
agreed that younger employees seek advice and guidance from
employees over age 50 |
● 22 percent
agreed that younger employees seek advice and guidance from
employees over age 50 |
"Despite this disparity, the multi-generational
workplace is mutually advantageous for employees and employers alike,"
said Genia Spencer, managing director of operations and human resources
for Randstad USA. "Many of the advantages may not be readily apparent to
the nation's employers who can benefit from the synergy of ideas and
insight that younger and older workers jointly bring to the table."
Spencer offers the "ABCs" of how to bridge the
generation gap among employees:
● Avoid any age-based assumptions about employees
and recognize that all of your colleagues will potentially bring
different and insightful ideas to the table.
● Be open-minded to learning new ways of doing
things and be receptive to time-tested ideas.
● Create an environment where all employees have
a meaningful opportunity to contribute. By fostering effective
communication and collaboration with all of your colleagues, you may be
surprised how many good ideas develop.
More than 1,400 U.S. employed adults were surveyed
online by Harris Interactive(R) for Randstad's survey on older workers.
Throughout 2006, Randstad is commissioning Job Bites surveys on relevant
and provocative workplace trends.
Survey Methodology
Harris Interactive(R) fielded the study on behalf of Randstad USA
between February 17 and 21, 2006, via its QuickQuery(SM) online omnibus,
interviewing a nationwide sample of 2,318 U.S. adults age 18 and older,
among whom 1,444 were employed. Data was weighted to reflect the total
U.S. adult population on the basis of region, age within gender,
education, household income, race/ethnicity, and propensity to be
online. In theory, with a probability sample of this size, one can say
with 95 percent certainty that the overall results have a sampling error
of plus or minus 3 percentage points and the employee results have a
sampling error of plus or minus 4 percentage points. Sampling error for
employed U.S. adults ages 18 to 34 (526) and for employed U.S. adults
age 55 and older (243) is higher and varies. This online sample is not a
probability sample.
About Randstad USA
Headquartered in Atlanta, Ga., Randstad USA is a wholly owned subsidiary
of Randstad Holding nv, an $8.25 billion global provider of professional
employment services and the fourth largest staffing organization in the
world. In 2005, Randstad USA's 1,900 staffing professionals put 48,500
people to work in the U.S. each week through its 419 branches and
client-dedicated locations. Randstad fulfills temporary, temp-to-hire
and direct hire opportunities in Office, Executive Office, Industrial,
Call Center, Finance & Accounting, and Technical and Creative. Randstad
provides skills assessments, career counseling, training, health
coverage, paid vacation and 401(k) matching contributions to eligible
internal and external employees. More information is available at the
company's Web site, www.us.randstad.com. Investment information is
available at www.randstad.com.
About Harris Interactive(R)
Harris Interactive Inc. (www.harrisinteractive.com), based in Rochester,
N.Y., is the 13th largest and the fastest-growing market research firm
in the world, most widely known for The Harris Poll(R) and for its
pioneering leadership in the online market research industry.
Web sites:
http://www.us.randstad.com/
http://www.randstad.com/
http://www.harrisinteractive.com/
http://www.harrisinteractive.com/europe
http://www.novatris.com/
Click here to Search SeniorJournal.com for more on
this subject
Click to More Senior News on the
Front Page
Copyright: SeniorJournal.com |
