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Creative Ways to Attract and Retain Older WorkersRecognize the Benefits of Older Workers.Look to Recruit Older Workers.Offer Appealing Benefits.Offer Reasonable Accommodations.Provide Scheduling Options.Make Older Workers Feel Valued.Offer Older Workers Additional Training.Propose Phased Retirement.
Hiring older workers can result in huge cost savings and benefits to the company as a whole. Their knowledge and experience plus willingness to voice their opinions can be invaluable and could play a significant role in steering the company to greater heights.
Research shows that older employees are more likely to show up to work on time, and less likely to call in sick. Older workers also do not switch jobs as often as their younger colleagues. Older employees shine when it comes to maturity and professionalism resulting in a strong work ethic.
Employers are concerned about the potential effect that hiring older workers will have on their health costs. In addition, poor health means missed time from work and disruptive interruptions. Yet studies have shown that older workers are much more dependable than their younger counterparts.
In our roles with the Age-Friendly Institute and RetirementJobs.com, we've found that there are three main reasons why employers choose to recruit and retain older adults: to reduce turnover, to improve customer satisfaction, and to augment diversity initiatives.
Here we provide a list of suggestions:Give older people titles and roles that let them contribute their expertise.Offer accommodations for flexible work.Look at pay equity by job and level, not tenure.Bring age diversity into your DEI programs.Give older workers managerial roles, supervisor roles, and mentor roles.More items...?
The main challenges when it comes to the aging workforce include bias, absenteeism, trying to get (some of) them to postpone their retirement, and succession.
Creative Ways to Attract and Retain Older WorkersRecognize the Benefits of Older Workers.Look to Recruit Older Workers.Offer Appealing Benefits.Offer Reasonable Accommodations.Provide Scheduling Options.Make Older Workers Feel Valued.Offer Older Workers Additional Training.Propose Phased Retirement.
The Pros and Cons For Hiring Mature WorkersLess training is required.Fewer chances of mistakes.Proven experience.A more responsible attitude.Less likely to get involved in workplace politics.Less likely to embrace technology.Lack of flexibility.Higher salaries.
Older workers identified stress, lack of support, physical demands and overemphasis on qualifications as barriers to their participation. Maintaining a healthy lifestyle, having a passion for work, and education were factors that participants identified as supporting continued work.