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Lead Buzz 05/05

A "booming" workforce, the importance of "vision" and more

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This story appears in the May 2005 issue of Entrepreneur. Subscribe »

Rage Over Age

Boomers are aging gracefully on the job. Seasonally adjusted figures reveal that workers 55 and older landed 998,000 jobs last year, according to Chicago outplacement and research firm Challenger, Gray & Christmas Inc. Says CEO John Challenger, "The baby boomer population doesn't intend to retire like the previous generation."

Older employees, however, are raising tensions over pay increases. Consider Smith v. City of Jackson, where plaintiffs argue their employer's revamped pay plan gave larger raises to workers with less time accrued and therefore disproportionately rewarded employees under 40. The Supreme Court will decide whether employers discriminate when a pay proposal appears to have a negative impact on older workers. A decision is expected around press time.

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