Companies Need to Accommodate Older Workers
Employers have an approaching dilema according to Workforce Shortage: Retaining Knowledge And Expertise. Older workers in their organizations often have the knowledge and skills that make a company valuable, but they are nearing retirement age and their wants and needs are changing.
Miklos notes that the need to retain older workers is greater than ever. The trick to retention—offering enough incentives to stay.
“If you retire or step back in pay [by taking a part-time position in the company], that can affect the type of benefits that you get [compensation and health insurance],” according to Miklos. “Some companies have handled this by letting people retire and then bring them back. And I think if companies don’t get on board with that, what we’ll get is people retiring and going to a different organization.”
