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Workforce » Productivity of Aging Workforce

Why It's Important

Boomers comprise a large percentage of the workforce and many intend to continue participating. Ensuring that they can continue to be productive and contribute as they age is vital to organizations.

See Data By: Richmond MSA | Virginia | National

How Richmond Is Doing

About half (47%) of employers suggest they are prepared to accommodate older workers, but very few (12%) say they are very prepared. There are currently no measurable indicators of productivity among older workers available. (ODP BUSINESS LEADER, 2008)
Two in five employers say the aging workforce is a serious issue for their organization (ODP BUSINESS LEADER, 2008)

Two in five say the aging workforce is a serious issue for their organization

(ODP BUSINESS LEADER, 2008)

Two in five employers say the aging workforce is a serious issue for their organization (ODP BUSINESS LEADER, 2008)
Three in four Boomers are currently in the labor force in the Richmond MSA and in Virginia (CENSUS BUREAU, ACS, 2007)
Only one in ten Virginians over age 65 are currently in the labor force (11%) -- the percent is higher -- one in seven (15%) -- in Richmond (CENSUS BUREAU, ACS, 2007)
Boomers comprise 26 percent of the population but 37 percent of the labor force in Virginia (CENSUS BUREAU, ACS, 2007)

Two in Five Say the Aging Workforce Is a Serious Issue for Their Organization

(ODP BUSINESS LEADER, 2008)

How Virginia Is Doing

Three in four Boomers are currently in the labor force in the Richmond MSA and in Virginia (CENSUS BUREAU, ACS, 2007)
Only one in ten Virginians over age 65 are currently in the labor force (11%) -- the percent is higher -- one in seven (15%) -- in Richmond (CENSUS BUREAU, ACS, 2007)
Boomers comprise 26 percent of the population but 37 percent of the labor force in Virginia (CENSUS BUREAU, ACS, 2007)

Boomers' View of Retirement, Only 38% Say They Will Retire as Soon as They Are Eligible or Able