Many top-level managers are retiring early. Programs to prepare their replacements have been scaled back. Many companies are offering phased retirement plans, redesigning jobs, and paying for spouses to go along on business trips to keep their managers a little longer. (JOW)

Since there are not enough Generation Xers to replace retiring Baby Boomers and job hopping is rampant, there is concern about the inevitable labor shortage. Recruitment and retention strategies that motivate workers regardless of age as well as an array of flexible benefits are needed. (JOW)