Hiring Experience

American Association of Community Colleges

Funded with a grant from The Atlantic Philanthropies

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Take the Quiz: True or False

By 2009, the median age of the U.S. worker will be 40.

People 55 and older take fewer sick days than their younger counterparts.

The fastest growing users of the Internet are people over 50.

Research has found no significant relationship between age and job performance.

I. Baby Boomers: Redefining Life (and the Workplace) After 50

II. The Pending Crisis: A Workforce Short on Experience

III. What Our Community College is Doing

IV. Opportunities to Partner

Presentation Overview

I. Baby Boomers: Redefining Life (and the Workplace) After 50

The Demographic Revolution:It’s Here

Our nation faces a demographic

revolution as 78 million baby boomers

enter their retirement years.

• A baby boomer turns 50 every 7.5 seconds.

• Each day in 2008 – 10,000 baby boomers turned age 62.

Boomers Go Plus 50

• Experience• Loyalty• Attention to task• Perseverance• Emotional maturity• Complex decision-making

Plus 50 Workers: A Bonus for Employers

• Retirement accounts have plummeted.• Many have no choice – they must work to support

themselves and their families.

Economic Crisis = Baby Boomers Must Stay on the Job

For Many: Not Working Is Not an Option

Many people will stay in the workforce well into retirement age so they can maximize their Social Security benefits.

II. The Pending Crisis: A Workforce Short on Experience

“In all probability, the single dominant factor in all developed

and emerging countries will be population changes.”

-Peter Drucker

A Workforce Short on Experience

Just as in the general population,

the workforce is aging. But it’s also

shrinking in size – with fewer younger

workers available to take the place

of older ones who are leaving.

The Loss of Experienced Workers: The Impact

Losing experienced workers over the age of 50 results in:

• Shortages in skilled worker and managerial positions.

• A loss of institutional knowledge to the business or company.

• The loss of expertise and experience.

• A leadership void in the workplace.

Business Has Not Sounded the Alarm

Studies by AARP in 2001, 2005,

and 2006 found a majority of

American businesses are not yet

preparing for an older workforce.

The Impending Cataclysm

• Number of younger workers is declining.

• Businesses don’t realize they need to adapt to the needs of older workers.

• Baby boomers are entering retirement years in greater numbers.

• 35% will work mainly for interest and enjoyment.• 23% will work mainly for income.• 17% want to start their own business.

Plus 50 Adults: Staying on the Job

Most people ages 55 to 70

continue to work, either full or

part time, for money or for

personal fulfillment.

Plus 50 Adults: They Want to Work

III. What Our Community College is Doing

Innovative program reaching out to adult learners who are

ages 50 and up that is benchmarking standards of excellence

among community colleges nationwide.

What is the Plus 50 Initiative?

What Our Community College Is Doing

• Insert information about Plus 50 programs on your

community college campus

IV. Opportunities to Partner

How We Can Work Together

• Insert information about ways to work together.