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Florida, Arizona Will Become Major
Productivity Centers
Faced with a shrinking pool of younger workers, companies will
increasingly tap the large, often overlooked, source of labor located in the
country's sun belt.
The growing population of retirees, many of whom migrate to warmer
climates such as Florida and Arizona, will prove to be an abundant source of
manpower, especially for companies seeking computer-literate employees.
The Bureau of Labor Statistics predicts that the number of workers age 25
to 34 is expected to drop nine percent between 1996 and 2006. At the same time,
workers 45 to 65 will increase 40 percent. By 2020, one in six Americans will be
65 or older, up from one in eight today, the Census Bureau reports.
High-tech firms may be further disheartened to find that
high-tech degrees declined 5 percent between 1990 and 1996, according to the
American Electronics Association.
Companies will farm out computer-related work to these seniors who are
increasingly comfortable and proficient with PCs and the Internet. They may
even transform the typical senior activities center into telecommuting centers
where hundreds of seniors from the community can go and accomplish work on a
computer terminal networked to the company via the Internet.
Eldercare: Company Benefit And Business Opportunity
By the year 2020, the ratio of over-65 individuals to the working age adult
population (18-64) will be 27.7 per 100, a 28.5 percent increase from 1998.
In order to be competitive in attracting and keeping talented employees,
some companies may offer on-site non-medical eldercare facilities. Employees
may bring their parents to these company-run facilities, just as children are
brought to company-operated daycare centers. The cost of the centers to
companies will be offset by increased employee productivity and a lowering in
absenteeism rates.
John Challenger, Page 4
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"ocrText": "Florida, Arizona Will Become Major\nProductivity Centers\nFaced with a shrinking pool of younger workers, companies will\nincreasingly tap the large, often overlooked, source of labor located in the\ncountry's sun belt.\nThe growing population of retirees, many of whom migrate to warmer\nclimates such as Florida and Arizona, will prove to be an abundant source of\nmanpower, especially for companies seeking computer-literate employees.\nThe Bureau of Labor Statistics predicts that the number of workers age 25\nto 34 is expected to drop nine percent between 1996 and 2006. At the same time,\nworkers 45 to 65 will increase 40 percent. By 2020, one in six Americans will be\n65 or older, up from one in eight today, the Census Bureau reports.\nHigh-tech firms may be further disheartened to find that\nhigh-tech degrees declined 5 percent between 1990 and 1996, according to the\nAmerican Electronics Association.\nCompanies will farm out computer-related work to these seniors who are\nincreasingly comfortable and proficient with PCs and the Internet. They may\neven transform the typical senior activities center into telecommuting centers\nwhere hundreds of seniors from the community can go and accomplish work on a\ncomputer terminal networked to the company via the Internet.\nEldercare: Company Benefit And Business Opportunity\nBy the year 2020, the ratio of over-65 individuals to the working age adult\npopulation (18-64) will be 27.7 per 100, a 28.5 percent increase from 1998.\nIn order to be competitive in attracting and keeping talented employees,\nsome companies may offer on-site non-medical eldercare facilities. Employees\nmay bring their parents to these company-run facilities, just as children are\nbrought to company-operated daycare centers. The cost of the centers to\ncompanies will be offset by increased employee productivity and a lowering in\nabsenteeism rates.\nJohn Challenger, Page 4"
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