According to the United States Department of Labor, the “U.S. is undergoing a demographic shift that is changing older Americans’ relationship in the workplace. The average and median age of the U.S. population is rising, and the composition of the workforce with it. By 2020, it is estimated that workers 55 and over will make up 25% of the U.S. civilian labor force, up from 13% in 2000.
In addition, individual workers are tending to remain in the workforce longer and retire later. The number of workers over the traditional retirement age of 65 is seeing a marked increase, and it is projected that they will make up even more of the American labor force by 2020. Employers rate older workers high on characteristics such as judgment, commitment to quality, attendance, and punctuality.” Smart companies have increased the interviewing and hiring of tax executives over 55 and it is a movement on the rise.
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