The advancements made in technology, especially those within the realm of digital communication have transformed the way the way business is conducted in this day and age. Not only has communication changed in this age of information, society as a whole has changed. Generation X and Generation Y are quite different from the previous generations such as the Baby Boomers. Workers have their ideas and values to emphasize individualistic principals such as a work/family/life balance and the need to reduce stress through time away from work. Additionally, the overlying social and political pressures ranging from environmental conservation, to the external forces pressuring organizations to be more competitive, especially in the international market have resulted in organizations looking to
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Fortunately for businesses, there is a reduction in the in the amount of older workers looking to immediately retire once hitting retirement age, leaving employers with options such as phased retirement and bridge employment. Phased retirement is a popular option for those employees looking to scale back on their hours and/or responsibilities. Phased retirement exists including reduced workdays or workweeks, job sharing, and consulting and mentoring arrangements (Nelson & Quick, 2013). Many specialized organizations such a loss of large numbers of experienced employees at one time. In fact, half of all U.S. workers are officially retired by age sixty, but only 11 percent fully withdraw from work (Nelson & Quick, 2013). This figure reflects an increase in bridge employment, or the phasing out of a position before finally leaving all together. Bridge employment has been noted to improve post-work life satisfaction as it is difficult for many to older employees to get up and immediately leave a position they have held for
Fortunately for businesses, there is a reduction in the in the amount of older workers looking to immediately retire once hitting retirement age, leaving employers with options such as phased retirement and bridge employment. Phased retirement is a popular option for those employees looking to scale back on their hours and/or responsibilities. Phased retirement exists including reduced workdays or workweeks, job sharing, and consulting and mentoring arrangements (Nelson & Quick, 2013). Many specialized organizations such a loss of large numbers of experienced employees at one time. In fact, half of all U.S. workers are officially retired by age sixty, but only 11 percent fully withdraw from work (Nelson & Quick, 2013). This figure reflects an increase in bridge employment, or the phasing out of a position before finally leaving all together. Bridge employment has been noted to improve post-work life satisfaction as it is difficult for many to older employees to get up and immediately leave a position they have held for