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Encore
A blog about living in and planning for retirement

10 Best Companies for Older Workers

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For older workers, the days of working at one company their whole career is long over. In fact, the average stint for older workers continues to shrink. Over the past 25 years, the average tenure at a company for men age 55 to 64 declined by nearly five years, from 15.3 years in 1983 to 10.1 years in 2008, according to data from the Center for Retirement Research at Boston College. “Older workers are increasingly moving from one job to another,” writes Alicia Munnell on Encore.

Of course, the current economy has made it tougher for older workers to job hop. But that doesn’t mean that burned-out boomers aren’t looking to jump ship. In fact, nearly one-third of boomers have job interviews set up or plan to in the coming year, according to a 2010 study by staffing firm Adecco.

If you find yourself in that group, AARP has a new resource for you — its 2011 “Best Employers for Workers Over 50” list.  To compile the list, the organization looked at employers that had at least 50 employees and ranked them on a variety of criteria, such as how frequently they recruit older workers; how much training and education they offer them; flexible scheduling, job sharing and phased retirement options; and the quality of retirement and health benefits.

Here are AARP’s top picks for employers for older workers:

1. Scripps Health

2. Cornell University

3. National Institutes of Health

4. First Horizon National Corporation

5. West Virginia University

6. The YMCA of Greater Rochester

7. Atlantic Health System

8. Mercy Health System

9. Bon Secours Richmond Health System

10. The Aerospace Corporation

Read full list here.

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About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.