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"Will you still need me, will you still feed me, when I'm 64?" Folks who were young when the Beatles first sang those lyric are getting to 64 themselves, and are considering whether to work on or retire.
Back then most 64-year-old professors or college staff--like other workers--were fast approaching mandatory retirement. That form of age discrimination became illegal in 1994.
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As baby boomers and working wives expanded into the workforce faster than the market could absorb them, employers scrambled to motivate long-time staff to retire voluntarily. Early retirement let colleges cut costs with cheaper, younger faculty and staff, including more adjuncts and part-timers.
Now a changing workforce poses the opposite challenge. Universities need ways to attract and retain older workers, Cathy Leibow said at the College and University Work/Family Association (CUWFA) 2005 conference in Atlanta.
As president of FamilyCare Inc. in Pleasanton CA, she's trying to raise employer awareness of the importance and needs of older workers. "Some organizations get it and others aren't even thinking of it because it's not in their face," she told WIHE.
Changing demographics