Rate of Employees Near Retirement Age
Percentage
Reflects the proportion of employees who are approaching the typical retirement age, indicating potential vacancies and knowledge transfer needs. Preparing for an aging workforce can help in planning for knowledge transfer and avoiding sudden skill gaps.
Formula
(Number of Employees Nearing Retirement Age / Total Employees) x 100
Example
If 20 out of 200 employees are nearing retirement, the rate is 10%.