50+ Workforce Survey National Comparative Report
Institute for a Competitive Workforce, US Chamber of Commerce
Are employers ready to handle the challenges of an aging workforce. The U. S. Chamber of Commerce’s Institute for a Competitive Workforce (ICW), in conjunction with the U.S. Chamber of Commerce’s Statistics & Research Center, conducted two identical employer surveys, one in June 2006 and another in December 2006 to explore this question. The June survey results show that almost all companies (93.9%) were either somewhat aware or very aware of the challenges faced by an aging workforce. In December, 94.6% of companies expressed this combined level of awareness. The most significant change from June to December was a 14.2% growth in the very aware segment, which increased from 45.5% to 59.7%. A possible reason for this increase was that the general media coverage of older workers in America was amplified during this timeframe. Survey respondents said that the two most popular information resources for recruitment and retention strategies were associations and the media. Not all of the survey’s respondents were for-profit companies. In the December survey, approximately 38% of the respondents were from nonprofit organizations. The researchers wrote, “As indicated by the overall shifts in perceptions, more businesses are beginning to engage in, and be more open to, alternative flexible work arrangements, and, in general, they have a positive outlook on the impact of such a large group of workers nearing retirement age. Employers will need to implement more of these flexible arrangements as part of their business operations if they hope to retain and attract the ever-growing numbers of 50+ workers while, at the same time, expanding their own workforce.” Visit the
survey web page for highlights or
read the report.