Employers unprepared for boomer retirements (Guest commentary)

Only 16 per cent say retaining older workers is a 'top HR priority'
By Suzanne Armstrong
|Canadian HR Reporter|Last Updated: 12/02/2008

The debate continues — and in fact is heating up amid the financial turmoil rocking North America’s economy — over how hard businesses and Canada’s economy will be hit by the exodus of retiring boomers.

The current financial crunch is taking a toll on older workers and their ability to make an easy transition to retirement and there is no doubt more older workers are planning to stick around a bit longer than anticipated.

But boomers want to remain in touch with work and the workforce, to some degree — current financial circumstances notwithstanding — rather than choosing the traditional seniors’ scenario of total leisure.