Eighteen percent of the workforce could retire within the next five years.
The finding, in a recent report by the ADP Retirement Research Institute, a research arm of the global provider of human capital management solutions, is an appropriate reminder of the heft of the Baby Boomer generation and the impact their aging will have on society.
The report examined six industries industries including hospitality, public administration, manufacturing, health care, education and retail. The percentage of individuals anticipated to exit the workforce ranged from 9% in hospitality to 28% in public administration.
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