Age Works: What Corporate America Must Do to Survive the Graying of the Workforce

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9780743242615: Age Works: What Corporate America Must Do to Survive the Graying of the Workforce

We Americans have always thought of ourselves as a young country -- brash, innovative, full of vigor. However, the uncomfortable truth is that America is getting older. The nation's median age was twenty-five in the 1960s, but today more than half of us are over thirty-five. By the middle of the next century, there will be more Americans in their seventies than in their teens. This demographic shift will transform all aspects of our society, but nowhere will its effects be more evident than in America's workplaces. In ten years, the massive baby-boom generation will begin to reach retirement age, but few companies have paid attention to the fact that there are not enough younger workers to replace them. The challenge to corporate America, as Beverly Goldberg argues in Age Works, is to reinvent the workplace to make it better fit the needs of all employees, especially the older workers it must retain in order to thrive.

The task will not be easy. The waves of downsizing, outsourcing, and cost-cutting of the 1980s and 1990s created a generation of disillusioned employees, many of whom now eagerly look forward to retirement as a way to escape the anxieties of corporate life. More Americans than ever are retiring early, but what is most surprising about these early retirees is that they are not spending their days playing tennis, golf, or shuffleboard. Rather, they are starting businesses, doing volunteer work, and pursuing intellectual interests. They are working, just not within the corporate world.

The challenge to the business community, Goldberg argues, is to find ways to hold on to these talented individuals. Age Works shows how corporations such as Whirlpool, GTE, and Days Inns have changed their corporate cultures to be more receptive to the needs of older workers. Goldberg debunks the myths about older workers' capabilities, showing how forward-looking companies have successfully taught high-tech skills to a generation that was not brought up with computers. She also proposes innovative reforms for the way we think about the concept of retirement itself, offering new ways of thinking about pensions, Social Security, mentoring programs, flex-time, and flex jobs.

With effective tips for rebuilding company loyalty without making guarantees of lifetime employment, Age Works is an indispensable guide for employers who must respond to a rapidly changing workforce. It is also essential reading for all Americans who are concerned about our nation's economic vitality in the twenty-first century.

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Review:

The aging of the baby boomers could cause a severe labor shortage--an "economic catastrophe"--and many businesses are unprepared, according to Beverly Goldberg. In Age Works, Goldberg says there are not enough younger workers to replace the mass of retiring baby boomers in the coming decades. If businesses are to succeed amid "this demographic shock wave," they need to adopt a "new social contract" with workers, especially skilled ones. A lot of older workers are currently retiring early because of downsizing and age discrimination, writes Goldberg, vice president of the Century Foundation, a New York think tank. She writes: "Corporate America will be forced to create a work environment that will turn a graying, disillusioned workforce into eager workers. This challenge is enormous." Goldberg points to corporations such as McDonald's and Days Inn that are already creating the sorts of flexible, part-time jobs with benefits and promotion opportunities that attract retirees back to work. She details how Oracle and GTE fill technology jobs with innovative training programs for older workers. Age Works is intriguing reading for business leaders worried about their future staffing needs, as well as for anyone interested in the far-reaching effects of aging baby boomers on the economy as a whole. --Dan Ring

About the Author:

Beverly Goldberg is Vice President of The Century Foundation, a New York-based think tank. Cofounder and principal of Siberg Associates, a management consulting firm, she is the author of three previous books on business and technology, and she is a frequent contributor to management Journals and newspaper opinion pages. She lives in New York City.

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Book Description SIMON SCHUSTER, United States, 2002. Paperback. Book Condition: New. Original ed.. Language: English . Brand New Book ***** Print on Demand *****. We Americans have always thought of ourselves as a young country -- brash, innovative, full of vigor. However, the uncomfortable truth is that America is getting older. The nation s median age was twenty-five in the 1960s, but today more than half of us are over thirty-five. By the middle of the next century, there will be more Americans in their seventies than in their teens. This demographic shift will transform all aspects of our society, but nowhere will its effects be more evident than in America s workplaces. In ten years, the massive baby-boom generation will begin to reach retirement age, but few companies have paid attention to the fact that there are not enough younger workers to replace them. The challenge to corporate America, as Beverly Goldberg argues in Age Works, is to reinvent the workplace to make it better fit the needs of all employees, especially the older workers it must retain in order to thrive. The task will not be easy. The waves of downsizing, outsourcing, and cost-cutting of the 1980s and 1990s created a generation of disillusioned employees, many of whom now eagerly look forward to retirement as a way to escape the anxieties of corporate life. More Americans than ever are retiring early, but what is most surprising about these early retirees is that they are not spending their days playing tennis, golf, or shuffleboard. Rather, they are starting businesses, doing volunteer work, and pursuing intellectual interests. They are working, just not within the corporate world. The challenge to the business community, Goldberg argues, is to find ways to hold on to these talented individuals. Age Works shows how corporations such as Whirlpool, GTE, and Days Inns have changed their corporate cultures to be more receptive to the needs of older workers. Goldberg debunks the myths about older workers capabilities, showing how forward-looking companies have successfully taught high-tech skills to a generation that was not brought up with computers. She also proposes innovative reforms for the way we think about the concept of retirement itself, offering new ways of thinking about pensions, Social Security, mentoring programs, flex-time, and flex jobs. With effective tips for rebuilding company loyalty without making guarantees of lifetime employment, Age Works is an indispensable guide for employers who must respond to a rapidly changing workforce. It is also essential reading for all Americans who are concerned about our nation s economic vitality in the twenty-first century. Bookseller Inventory # AAV9780743242615

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Book Description SIMON SCHUSTER, United States, 2002. Paperback. Book Condition: New. Original ed.. Language: English . Brand New Book ***** Print on Demand *****.We Americans have always thought of ourselves as a young country -- brash, innovative, full of vigor. However, the uncomfortable truth is that America is getting older. The nation s median age was twenty-five in the 1960s, but today more than half of us are over thirty-five. By the middle of the next century, there will be more Americans in their seventies than in their teens. This demographic shift will transform all aspects of our society, but nowhere will its effects be more evident than in America s workplaces. In ten years, the massive baby-boom generation will begin to reach retirement age, but few companies have paid attention to the fact that there are not enough younger workers to replace them. The challenge to corporate America, as Beverly Goldberg argues in Age Works, is to reinvent the workplace to make it better fit the needs of all employees, especially the older workers it must retain in order to thrive. The task will not be easy. The waves of downsizing, outsourcing, and cost-cutting of the 1980s and 1990s created a generation of disillusioned employees, many of whom now eagerly look forward to retirement as a way to escape the anxieties of corporate life. More Americans than ever are retiring early, but what is most surprising about these early retirees is that they are not spending their days playing tennis, golf, or shuffleboard. Rather, they are starting businesses, doing volunteer work, and pursuing intellectual interests. They are working, just not within the corporate world. The challenge to the business community, Goldberg argues, is to find ways to hold on to these talented individuals. Age Works shows how corporations such as Whirlpool, GTE, and Days Inns have changed their corporate cultures to be more receptive to the needs of older workers. Goldberg debunks the myths about older workers capabilities, showing how forward-looking companies have successfully taught high-tech skills to a generation that was not brought up with computers. She also proposes innovative reforms for the way we think about the concept of retirement itself, offering new ways of thinking about pensions, Social Security, mentoring programs, flex-time, and flex jobs. With effective tips for rebuilding company loyalty without making guarantees of lifetime employment, Age Works is an indispensable guide for employers who must respond to a rapidly changing workforce. It is also essential reading for all Americans who are concerned about our nation s economic vitality in the twenty-first century. Bookseller Inventory # AAV9780743242615

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Book Description Free Press. Paperback. Book Condition: New. Paperback. 256 pages. Dimensions: 9.2in. x 6.1in. x 0.6in.As the average age of Americans rises, a huge gap will develop between the number of workers needed to run the economy and the number of people of working age -- creating a brain drain and skills shortage in corporate America. In Age Works, Beverly Goldberg argues that the coming demographic shifts -- such as the fact that baby boomers win be replaced with a generation 20 million smaller when they retire -- require corporations to attract, train, and retain older workers (the fastest-growing segment of the population). Goldberg looks at a variety of changes that are about to shake the workplace. She then helps managers plan for the onslaught by preparing their companies to reverse the trend toward early retirement created by a decade of downsizing and age discrimination. Forward-looking companies, she warns, must keep older workers in the fold by providing portable pensions, health care, flex-time, and flex-jobs. With effective tips for rebuilding company loyalty without making guarantees of lifetime employment, this is an indispensable guide for employers who must respond to a rapidly changing workforce -- or suffer the consequences. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Bookseller Inventory # 9780743242615

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Book Description SIMON SCHUSTER, United States, 2002. Paperback. Book Condition: New. Original ed.. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. We Americans have always thought of ourselves as a young country -- brash, innovative, full of vigor. However, the uncomfortable truth is that America is getting older. The nation s median age was twenty-five in the 1960s, but today more than half of us are over thirty-five. By the middle of the next century, there will be more Americans in their seventies than in their teens. This demographic shift will transform all aspects of our society, but nowhere will its effects be more evident than in America s workplaces. In ten years, the massive baby-boom generation will begin to reach retirement age, but few companies have paid attention to the fact that there are not enough younger workers to replace them. The challenge to corporate America, as Beverly Goldberg argues in Age Works, is to reinvent the workplace to make it better fit the needs of all employees, especially the older workers it must retain in order to thrive. The task will not be easy. The waves of downsizing, outsourcing, and cost-cutting of the 1980s and 1990s created a generation of disillusioned employees, many of whom now eagerly look forward to retirement as a way to escape the anxieties of corporate life. More Americans than ever are retiring early, but what is most surprising about these early retirees is that they are not spending their days playing tennis, golf, or shuffleboard. Rather, they are starting businesses, doing volunteer work, and pursuing intellectual interests. They are working, just not within the corporate world. The challenge to the business community, Goldberg argues, is to find ways to hold on to these talented individuals. Age Works shows how corporations such as Whirlpool, GTE, and Days Inns have changed their corporate cultures to be more receptive to the needs of older workers. Goldberg debunks the myths about older workers capabilities, showing how forward-looking companies have successfully taught high-tech skills to a generation that was not brought up with computers. She also proposes innovative reforms for the way we think about the concept of retirement itself, offering new ways of thinking about pensions, Social Security, mentoring programs, flex-time, and flex jobs. With effective tips for rebuilding company loyalty without making guarantees of lifetime employment, Age Works is an indispensable guide for employers who must respond to a rapidly changing workforce. It is also essential reading for all Americans who are concerned about our nation s economic vitality in the twenty-first century. Bookseller Inventory # LIE9780743242615

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