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Build a Corporate Culture for All Ages

Build a Corporate Culture for All Ages
From Recruiter - July 29, 2016

We live in a unique time. Its getting more and more difficult to predict trends in the labor force. We have Generation Z at one end of the spectrum, the youngestof which are just starting to graduate college and enter the job market (depending on where the generational line is drawn). On the other end, we have the 65-to-74 and 75-and-older demographics, which are expected to grow significantly in the workforce between now and 2024, according to the Bureau of Labor Statistics (BLS).

Millennials have taken the business media by storm the last couple of years. Theres no shortage of articles about how the younger generation demands a good work/life balance from the first days of their first internships and entry-level jobs. But what about the older generations? Whats work like for them?

65 Is the New 50

In American society, we tend to think of 65 as retirement age, but as the BLSstatisticsshow, more people are working well past the time when they can start collecting their retirement.

The biggest reason is probably financial, given the fluid perceptions and realities swirling around Social Security benefits, 401(k) value in shifting markets, and medical care and costs, says Greg Karr, executive vice president at Seven Step RPO. In general, I think a lot of people know or think that they cant afford to stop working and maintain their desired lifestyle. The extra income, combined with a more robust Social Security benefit if you defer even a couple of years, makes a big difference.

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