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ERIC Number: ED603017
Record Type: Non-Journal
Publication Date: 2019-Aug
Pages: 9
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
The Challenges of an Aging Higher Ed Workforce
Pritchard, Adam; Li, Jingyun; McChesney, Jasper; Bichsel, Jacqueline
College and University Professional Association for Human Resources
The population of the United States is getting older. According to the U.S. Bureau of Labor Statistics (BLS), older workers -- which the BLS defines as those who are 55 and older -- made up 22% of the U.S. workforce in 2016, nearly double the 12% recorded in 1995. This increase is largely "fueled by the aging baby-boom generation, a large group of people born between 1946 and 1964" (currently aged 55 to 73). As baby boomers approach retirement age and exit the workforce in the coming decade, they will be followed by Generation X -- a generation that's nearly 30% smaller. For HR professionals, these facts present challenges such as salary compression and a shrinking domestic talent pool for key positions in the future. This brief focuses on the implications of the aging staff workforce in higher education, specifically professionals and non-exempt staff. We analyze the age distribution of higher ed staff, identify the job areas with the largest aging workforce, examine pay equity for women and men with varying levels of experience, and highlight the higher ed staff positions where salary compression is the most common.
College and University Professional Association for Human Resources. 1811 Commons Point Drive, Knoxville, TN 37932. Tel: 877-287-2474; Fax: 865-637-7674; e-mail: research@cupahr.org; Web site: http://www.cupahr.org
Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: Teachers Insurance and Annuity Association of America - College Retirement Equities Fund (TIAA-CREF)
Authoring Institution: College and University Professional Association for Human Resources (CUPA-HR)
Grant or Contract Numbers: N/A