What’s so special about 65?

As baby boomers think about calling it a career, phased retirement may become more appealing for employers facing staff shortages.
By David Brown
|Canadian HR Reporter|Last Updated: 07/21/2003

It may be impossible to stop valuable employees from retiring, but it might be possible to stall them.

An already tight labour market is only going to get tighter as the large cohort of baby boomers moves inexorably toward retirement. Prescient HR departments will begin developing, as soon as possible, ways to keep them at work for as long as possible, says Daniel McCaw, retirement consultant and CEO of William M. Mercer Limited.

This is likely to lead to a much greater interest in phased retirement programs; flexible work arrangements designed to make staying at work worthwhile for employees who no longer need to be there.