TalentPressuresandtheAgingWorkforce-Boston.pdfVIP

Talent Pressures and the Aging Workforce: Responsive Action Steps for the Finance and Insurance Sector Stephen Sweet, PhD and Marcie Pitt-Catsouphes, PhD with Elyssa Besen, Shoghik Hovhannisyan, MA, and Farooq Pasha, MA Industry Sector Report 7.1.–August 2010 The Sloan Center on Aging Work at Boston College promotes quality of employment as an imperative for the 21st century multi-generational workforce. The Center integrates evidence from research with insights from workplace experiences to inform innovative organizational decision-making. Collaborating with business leaders and scholars in a multi- disciplinary dialogue, the Center develops the next generation of knowledge and talent management. The Sloan Center on Aging Work is grateful for the continued support of the Alfred P. Sloan Foundation. The Industry and Aging Workforce Series The Sloan Center on Aging Work initiated the Talent Pressures and Aging Workforce Industry Report Series to help employers (and others interested in the aging of the workforce) understand the unique and emerging talent pressures within the leading sectors of the U.S. economy: Accommodation and Food Services; Administration and Support, Waste Management and Remediation Services; Construction; Finance and Insurance; Health Care and Social Assistance; Manufacturing; Professional, Scientific and Technical Services; Retail Trade; Transportation and Warehousing; and Wholesale Trade. The reports are designed to offer succinct accounts of five overarching concerns: 1. What are the contours of employment in the industry and how do they compare to employment in other sectors? 2. How might employee preferences inform strategies of retaining key talent in the industry? 3. How does the age and gender composition of the workforce map onto talent loss risks for employers? 4. What methods do employers i