Tapping the Talent of an Aging Workforce

It’s true the world is “graying” as the Boomer generation approaches traditional retirement age, people live longer and stay in the workforce longer. Work itself is changing as we move more to a Knowledge Economy from manufacturing.

This has potential for crisis, but also elements of opportunity. Employers risk talent shortages and “brain drain” as older workers leave, and there are fewer to replace them. But this Boomer generation is one that is thinking differently about work and retirement, and wants to stay involved and make a difference. Employers who think creatively about workers and the work they do can tap into a vast reservoir to meet talent needs and give them an edge in an increasingly competitive marketplace.

The ideal job for older workers is not only about the money, but even more about personal and professional development, positive work environment and flexibility. Leading edge employers are finding creative ways to match those needs to retain key talent and remain vital. This approach provides not only provides ways to make the most of an aging workforce, but also to do more across all generations along the way.

Tracy Godfrey, SPHR, is a seasoned Human Resources professional with expertise in recruiting and selection. Through a career working at leading Twin Cities corporations he has staffed across all functions and all levels. Tracy is dedicated to applying approaches to talent acquisition that both connect people with opportunities and strengthen organizations. Tracy is a member of the Leadership Group of the Vital Aging Network (VAN), with a particular interest in how Boomers will shape their work for the future and how employers can best take advantage of this pool of talent.

Co-presenter: Kate Schaefers, Ph.D. LP is owner of Encore Life Planning. She is a licensed psychologist and certified retirement coach. She offers coaching and consultation to individuals and organizations on issues related to work in the second half of life. She is an adjunct faculty member at University of St. Thomas, in the Department of Organization Learning and Development and the Graduate School of Professional Psychology. www.encorelifeplanning.com

Location:  UnitedHealth Group

HRCI Credits 1.75