Companies that automate with robots typically find they still need human workers, albeit ones with a fresh set of skills. Experts examine the cost and explain the advantages of retraining a workforce to meet demands.
Many people delay retirement, but navigating the job market can present challenges for older Americans. The unemployment rate is lower for people 55 or older than for all workers, but the former group tends to spend more time unemployed if joblessness occurs.
Career development is essential for engagement and retention, but it is not as simple as some companies think, writes Claude Werder of Brandon Hall Group. Werder details five strategies to kick-start a career-development program, including maximizing technology and aligning employee skills with career paths.
Prudential Financial data showed fewer of its employees reported financial troubles after the company launched financial wellness initiatives and resources. Prudential in 2015 also began the Pathways financial education program to help workers with retirement and other savings.
Companies are starting to use microchips and electronic devices to monitor employees' work, but use of the technology raises questions about privacy rights.