Good News for the Elder Care Industry

The first wave of the Baby Boomers turns 64 this year. It won't be long until they start the biggest retirement exodus this country has ever seen. It's time for companies to prepare, because the Boomers are being replaced by a much smaller generation of unskilled workers. With the unemployment rate close to 10%, it's hard to imagine, but in just 8 short years our country could have as many as four million more jobs than workers to fill them.

So what's the good news for us in the elder care industry? First, the idea of a traditional retirement is outdated. The 60-somethings want to continue to work, and make a difference. They want flexible, creative work that accommodates their lifestyle. I can think of a fabulous profession that meets all that criteria...professional caregiving! Additionally, many of the soon-to-be retirees already have experience, in caring for their aging parents.

As an HR professional, it is my duty to keep on top of up to four generations that are in the current workforce, and understand the needs and traits of each. In the elder care industry, however, the most common generation is the Boomers. Let's inform these new retirees of this growing, purposeful career and help reduce the gap between open jobs and skilled workers.