Baby boomers are redefining retirement, with many saying their ideal retirement will include working often in new, more flexible and fulfilling ways. As a result, employers should be preparing for a new battle to keep their older workers engaged as they near retirement.
The most competitive companies out there are going to understand how to tap into the top intellectual capital of their employees and in many cases its going to be those employees with the most experience and the most institutional knowledge, says David Tyrie, head of retirement and personal wealth solutions for Bank of America Merrill Lynch.