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Press Release

AARP Adds Budget To Expanded "Featured Employers" Program

Expansion of Featured Employers Program Brings Value to 50+ Workers and Companies with Hiring Needs

Washington, DC and Parsippany, NJ
Nov 17, 2005 -

AARP today announced the expansion of its “Featured Employers” program by collaborating with 11 additional major companies to help Americans aged 50 and over remain in the workforce as desired. Budget Rent A Car, part of the Cendant Car Rental Group, has been selected as a new “Featured Employer” by AARP.

The new employers are committed to an aggressive program of recruiting, hiring, and retaining mature workers. In addition to Budget, new AARP Featured Employers include: Cingular Wireless; Comcast Cable Communications, Inc; CVS/pharmacy; Right at Home, In-Home Care & Assistance; News America Marketing; New York Life Insurance Company; Quest Diagnostics, Inc.; Schneider National, Inc.; SunTrust Banks, Inc.; and Verizon.

“We are truly honored to be selected as one of this year's AARP Featured Employers,” said Robert Salerno, president and COO of Cendant Car Rental Group, parent company of Budget. “We recognize that mature workers can bring a lifetime of experience to the workplace, and the organizations that hire from this group are the real winners. This award is a validation of our commitment to the importance of recruiting mature workers and we're pleased to be recognized.”

“American business is facing a new reality,” AARP CEO Bill Novelli said.  “As more and more workers reach traditional retirement age, there are not enough new workers to replace them.  We are working with forward-thinking companies who value older workers to offset labor and knowledge gaps. This is a winning strategy for American business, for the older workers themselves and for our national economy,” he continued.
 
By 2010, almost one in three workers will be at least 50.  As boomers begin to approach retirement age, the pool of replacement workers will not be large enough to meet employers’ labor demands.  In working with AARP, Featured Employers have recognized the need to prepare for the changing workforce, and are adapting human resource practices to address these demographic shifts.

Job seekers interested in employment opportunities with Budget Rent A Car can visit www.budget.com/featuredemployers. For Additional information on the AARP “Featured Employer” program, can be found by visiting AARP’s website - www.aarp.org/featuredemployers - including types of skilled and non-skilled jobs available on employers’ website, benefits, and how to apply.  The website provides a link to applications, instructions and additional information on each company.

Earlier this year, AARP announced the creation of the program by naming 13 companies as the first Featured Employers.  The new group of employers announced today join the following major names in business: Adecco; AlliedBarton Security Services; Borders Group, Inc.; Express Personnel Services; Johns Hopkins Health System; Kelly Services; Manpower Inc.; MetLife Inc.; Pitney Bowes; Principal Financial Group; Universal Health Services; Walgreens, and The Home Depot, the premier member of the program.

About AARP
AARP is a nonprofit, nonpartisan membership organization that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole.  We produce AARP The Magazine, published bimonthly; AARP Bulletin, our monthly newspaper; AARP Segunda Juventud, our bimonthly magazine in Spanish and English; NRTA Live & Learn, our quarterly newsletter for 50+ educators; and our website, www.aarp.org.  AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors.  We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

About Budget
Budget Rent A Car System, Inc. is the owner and franchiser of one of the world's best-known car rental brands with more than 1,800 car rental locations in the U.S., Canada, Latin America, Caribbean, Australia and New Zealand.  The company also operates Budget Truck Rental and is part of Cendant Car Rental Group, a wholly owned subsidiary of Cendant Corporation (NYSE: CD), a diversified global provider of business and consumer services primarily within the travel and real estate sectors. For further information visit www.budget.com or www.cendant.com/media.

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