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Many executives unconcerned about Boomer retirements


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2014 Mar 20, 12:25am   861 views  5 comments

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http://www.centralvalleybusinesstimes.com/stories/001/?ID=25465

But CFOs who are worried fear losing leadership, legacy knowledge •  Employers, as a best practice, should prepare themselves for the exit of experienced professionals One-fifth of the U.S. workforce has passed or is nearing retirement age, according to the Bureau of Labor Statistics, yet a recent survey suggests many executives aren't too concerned with losing baby boomer employees to retirement in the next couple of years.

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1   zzyzzx   2014 Mar 20, 1:36am  

Since most people are going to work until they drop dead, why would they be concerned?

2   NDrLoR   2014 Mar 20, 2:07am  

jojo says

One thing I can see is companies losing their boomer sales people.

I don't know how many were Boomers, but I remember several years ago when Circuit City (remember them?) on a day summarily fired their most productive sales people as a cost savings, I think it amount to something like 3,000 people. Of course, a year or so later they no longer existed. Talk about short sighted.

3   New Renter   2014 Mar 20, 2:10am  

Call it Crazy says

zzyzzx says

Since most people are going to work until they drop dead, why would they be concerned?

That's what I was thinking... The employers are going to have to bring in adult day care to change the Depends on the boomers who are working until they roll them out on a gurney....

Why bother, just kick the infirm old coots to the curb.

That frees up company funds to add to the exec bonus packages.

4   Heraclitusstudent   2014 Mar 20, 2:32am  

zzyzzx says

Since most people are going to work until they drop dead, why would they be concerned?

Employees with calcified brains, moving in walkers, or other geriatric cases...

An exec's dream...

5   New Renter   2014 Mar 20, 4:16am  

Heraclitusstudent says

zzyzzx says

Since most people are going to work until they drop dead, why would they be concerned?

Employees with calcified brains, moving in walkers, or other geriatric cases...

An exec's dream...

Absolutely:

1) Take out a massive life insurance policy on the old coots

2) Stress them out with crappy working conditions and low pay

3) Cash in when the stress kills them.

Why do you hate success?

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