Creative Ways to Attract and Retain Older Workers
To stay relevant, they need to have the confidence to challenge generational stereotypes and mindsets and learn how to navigate in a multigenerational workforce.
Challenges of an Ageing Workforce Increased wages – generally older employees have more seniority and get higher salaries than newer, younger workers. Age related physical and mental decline – as employees age they are likely to have more health issues. Tension between older workers and younger workers.
The most commonly cited concerns regarding older workers were as follows: Aren’t motivated. Don’t participate in extra training or career development programs. Are resistant to change.
Identifying training needs and recognition of skills are particularly valuable for older workers. The continuous adoption of new technologies and forms of work organisation are changing the skills needed in jobs and hence opportunities to train are required at all stages of working lives.
Essential Employability Skills
Frequently the excuse of eliminating a position or role is used to discriminate against an employee based on their age. A company will tell an older worker the job they do is no longer of need and the position is being eliminated.
Older employees provide more value for their pay. They have better communication skills, both oral and written, and therefore may be excellent as trainers, consultants, mentors and coaches. They are eager to learn and pivot their career in a new direction.
How to Retrain Older Workers
The after-50 career change
Older workers who are age 50 to 65 aren’t so different from their younger counterparts. The 10 Most Enjoyable Jobs for Older Workers
The Big Economic Factor – All things considered, various reports indicate that older workers are 1% to 10% more costly than younger counterparts when accounting costs alone are considered.
Which is true of the Older Workers Benefit Protection Act? It allows employers to provide lower benefits for older workers as long as the costs to provide those benefits are the same as the costs to provide benefits for younger workers. the age range of the most preferred employees, 25 to 35.
Deploy new technologies to support older workers Firstly, by providing new accessible and engaging ways to learn. Secondly, through using robots to make existing jobs physically easier to perform. Third, and most important, is for technology to augment rather than replace human skills in the workplace.
6 Secrets to Staying Employed After Age 50