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October 19, 2011 at 11:21 AM
As baby boomers begin to retire, some companies are developing creative ways to keep experienced employees on staff — a practice that can be valuable for employees and employers alike in this age of shrinking 401(k) accounts and industry “brain drain.”
Of course, there are potential drawbacks to keeping older employees around. This strategy can “delay younger workers from moving up into upper-management level jobs and delay their development as leaders. It creates a bottleneck in these organizations,” explained Peter Rodriguez, an associate professor of economics at University of Virginia’s Darden School of Business.
