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How the Retirement Boom Has Impacted HR and Recruiting

Accurate Background

The oldest boomers turned 65 in 2011, the youngest will hit 65 by 2029, and all boomers will be above the social security retirement age of 67 by the year 2031. (To Boomers turn 65 between 2011 and 2029 at a rate of about 3.8 They’re retiring. To emphasize the point, 2031 is a mere eight years away.)

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HR Trends for 2023 – A Paradigm Shift

Synergita

Hybrid Working Model: According to one of the surveys conducted by ET Bureau, Indian employees prefer hybrid work model over the traditional work from office model. The HR will have to relook into the employee benefits, policies and employee engagement process in order to make it a win-win situation for both the sides.

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France’s Path Toward Shrinking Gender Pay Gap Under EU Directive

Trusaic

Percentage of employees benefiting from a salary raise in the year following their return from maternity leave (15 points). Number of employees of the underrepresented sex among the 10 highest-paid employees (10 points). Difference in the rate of promotions between women and men (15 points).