HR Buzz: Retirement Delayed, Workers Empowered, Onboarding Flops

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By Martin Berman-Gorvine

What you need to know this week about workplace trends, surveys, and reports.

Keep Working Forever?

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.

Breeding Company Loyalty

“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.

First Impressions Matter

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 mbermangorvine@bloomberglaw.com

To contact the editors responsible for this story: Jo-el J. Meyer at jmeyer@bloomberglaw.com; Martha Mueller Neff at mmuellerneff@bloomberglaw.com

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