August 2021: The Aging Workforce

Metric of the Month: The Aging Workforce

According to recent IOFM benchmarking data, many organizations are dealing with AP teams approaching retirement age. In the coming five-year period, it’s expected that more than one in five organizations will see significant turnover due to retiring staff, and 10 percent of respondents expect to lose more than half their teams during that period.

Want more benchmarking data? Go to the Benchmarking section of IOFM.com. Members can download the latest IOFM Benchmarking Reports.