Aging: The role of work and changing expectations in the United States and China

Abstract

Economics and demographics are driving change in individuals' expectations about work beyond the traditional retirement age and in employers' need for older workers in both the United States and China. Adjusting to this change in the workplace, now and in the future, includes planning strategically for these human capital shifts, managing the multigenerational workplace, ensuring the transfer of both explicit and tacit knowledge as aging workers exit the workplace, and providing fl exibility in both hours and location of work to bolster recruiting and retention efforts. Creating a supportive organizational culture is a key underpinning to making all the changes associated with the aging of the workplace.