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Older Workers: Some Best Practices and Strategies for Engaging and Retaining Older Workers: Congressional Testimony
David M. Walker (au)
More Americans remaining in the workforce at older ages could lead to benefits at several levels. 1. Working longer will allow older workers to bolster their retirement savings. 2. Hiring & retaining older workers will help employers deal with projected labor shortages. 3. older workers will contribute to econ. growth & increase fed. revenues, helping to defray some of the anticipated costs assoc. with increased claims on Social Security & Medicare. Some employers remain reluctant to engage & retain this group. This testimony highlights issues discussed at a recent forum on engaging & retaining older workers. Forum participants included experts representing employers, businesses & union groups, researchers, & federal agencies. Illustrations.
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