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Older Americans are Choosing Work Over Retirement

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Instead of retiring, an increasing number of American’s are working — either reentering the workforce or pressing onward with their professional careers. Additionally, they are working more hours, with 62% reported to be engaged in full-time work. This demographic shift is impacting the dynamics of the workforce.

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Why It’s Time to Retire the Term “Hybrid Work”

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An awareness of where and when work is done forms the basis of a flexibility strategy with appropriate space, technology and policies in place. . The word “hybrid” gets used a lot relative to workplace strategy, but it may be time to retire the term. . Then we have a discussion whether or not all these points are valid.” .

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Economic Uncertainty is Driving Baby Boomers Back to the Workforce

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sped-up their retirement plans due to layoffs, health concerns, and changing work attitudes — contributing to what was termed the “Great Retirement.” Rowe Price’s Retirement Saving & Spending Study, 20% of retirees continue to work full- or part-time, and 7% are actively job searching.

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U.K. Companies Retreat from Flexible Work Options, Put Workforce Diversity At Risk

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Additionally, Boomers are staying in the workforce longer, working further past what was generally accepted as a prime retirement age. Therefore, maintaining equitable work policies that establish a strong balance between employer needs and worker preferences is likely the key to success for competing for skilled talent. The post U.K.

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Aging Workforce Driving Economic Growth In U.K.

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These developments have challenged traditional notions of retirement and redefined the role of older individuals in the workforce. Consequently, organizations and policymakers should adapt to this new reality by implementing policies and initiatives that support the continued age-diversity in the workforce.

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Gen Z Will Rise as a New Powerhouse in 2024

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The report also lists other trends to look out for in the upcoming year. There’s a trend towards increasing wages, but it’s reported that this will come with the potential erosion of non-cash benefits. The report cites the rising trend towards adopting flexible work policies — particularly in smaller companies.

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Is Japan’s Senior Workforce Surge A Glimpse Into The Future Of Global Employment?

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In a recent report published by Nippon , it was revealed that approximately one-third of Japanese individuals aged between 70 and 74 are still actively participating in the workforce. Japan’s aging workforce reveals the growing importance of adapting policy for an aging population.