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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.
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.
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.
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.
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...?
In general, you may not consider an applicant's age when making hiring decisions. There are limited exceptions to this rule. In limited circumstances, you may consider an applicant's age when making hiring decisions. You may give special hiring preference to applicants because of their older age.
While the age of 40 is frequently used based on the United States Age Discrimination in Employment Act of 1967 (ADEA), organization decision markers identify older workers as those who reached the age of 52 years (McCarthy et al., 2014) .
Lack of flexibility Mature employees tend to be more rigid and less flexible. This one is a big drawback because more experienced hires can often be fairly fixed in their way of working. They are less able to adapt to new or changing environments.
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.