Stay informed and ready to meet both everyday challenges and long-term planning and policy-making goals, with focused news, practical information, and strategic insights on all HR-related...
What you need to know this week about workplace trends, surveys, and reports.
That’s what a lot of retirement-age individuals think they will have to do, given current economic trends.
More than half (53 percent) of workers over age 60 are putting off retirement, according to a survey by Chicago-based jobs website CareerBuilder. The figures come from a survey Harris Poll conducted for CareerBuilder Nov. 28-Dec. 20 among 809 full-time U.S. employees, 157 of whom were age 60 or older. More men than women expect to keep working, 57 percent to 48 percent, the survey says.
Money is likely the reason for many. Almost one-quarter (23 percent) of workers age 55 and up don’t participate in a 401(k), IRA, or other retirement plan, and among those age 18-34 the rate is 40 percent, CareerBuilder reported.
“Career-empowered employees” in the U.S. are four times more likely to be committed to their company than those who aren’t, an even higher rate than their counterparts around the world, who are three times more likely than non-career-empowered employees to be committed to their employer.
That’s one striking outcome of a large international survey by consultancy Mercer. More than 7,600 respondents in 21 industries in 44 markets took part in the survey.
Career-empowered employers report “being rewarded for a wider range of contributions, greater access to career path information and career coaching, and a more inclusive work culture that embraces internal mobility,” according to Mercer.
Giving new employees a pleasant first experience “onboarding” is worth a lot, if you don’t want to scramble to find replacements.
A bad onboarding experience made new employees twice as likely to conclude they made a mistake and look for another job instead, Santa Clara, Calif.-based Digitate said about the results of a March 29-31 survey. The company offers artificial intelligence solutions for IT infrastructure.
Twenty percent of new employees were unlikely to recommend the new employer to family and friends because of a bad onboarding experience, according to its survey of more than 1,500 U.S. professionals at corporations with 500 of more employees, Digitate said. A similar proportion (22 percent) reported being confused about how to proceed, it said. Moreover, 40 percent said it took too long to get answers to their HR questions, it said.
Check back every Thursday to get your latest HR Buzz.
To contact the reporter on this story: Martin Berman-Gorvine in Washington at firstname.lastname@example.org
Copyright © 2018 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)