Many employers express limited understanding of when workers will retire, Willis Towers Watson survey finds
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am
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Source: GlobeNewswire
ARLINGTON, Va., Dec. 13, 2018 (GLOBE NEWSWIRE) -- Faced with a significant number of employees at or nearing retirement, and the resulting loss of valuable older workers, U.S. employers are rethinking their approach to managing the retirement patterns of their workforces, according to a new survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. The 2018 Longer Working Careers Survey found the vast majority of employers (83%) have a significant number of employees at or nearing retirement. However, only half (53%) express having a good understanding of when their employees will retire. Additionally, while eight in 10 employers (81%) say managing the timing of their employees’ retirements is an important business issue, only 25% do this effectively. According to the survey, 80% of respondents view older employees as crucial to their success. Not surprisingly, employers are concerned with the expected loss of talent. In fact, over h
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