Although many baby boomers report that they plan on working beyond retirement age, employers could face talent issues if they do not plan for these departing employees, according to research by Challenger, Gray & Christmas, an outplacement and career transitioning firm in Chicago.
Simply because more workers expect to remain employed beyond the traditional retirement age of 65 does not mean they will, says John A. Challenger, CEO of Challenger, Gray & Christmas. Nor does it mean that they will stay with their current employer. With the leading edge of the baby boomer generation reaching age 68 in 2014, it is critical that companies understand their exposure to brain drain related to retirement.
