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Retiring boomers cause workforce concerns for nonprofits

from From Employee Benefit News

As baby boomers are planning to retire in the next five years, nonprofit organizations are readying for the challenges ahead. And two-thirds say they anticipate feeling the effects, according to a new survey from the Plan Sponsor Council of America and Principal Financial Group. The survey, which includes responses from 403(b) plan sponsors, also reveals that 69 percent of respondents expect to hire new employees to fill retirees’ old roles, but it won’t be easy as 38 percent of respondents anticipate facing recruiting difficulties. more


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