Conducting a demographic analysis of employees is one of the first steps that a firm should take when determining the labor and financial effects of retiring workers.

Question

Quizplus · Accepted Answer

A reasonable first step in planning for the effects of retiring workers is to conduct numerical analyses of pending retirements. This should include a demographic analysis (including a census of the company's employees), a determination of the average retirement age for the company's employees, and a review of how retirement is going to affect the employer's health care and pension benefits. The employer can then determine the extent of the "retirement problem" and take fact-based steps to address it.

Conducting a Demographic Analysis of Employees Is One of the First