Retaining older workers means holding onto their skills and experience. Learn about how keeping older workers employed can bring benefits to your business.
As people grow older, they can face unique challenges to staying in employment. This could be family or caring responsibilities, health issues or the desire to reduce hours and increase work/life balance.
Offering workers the right support means they can keep working for longer.
It has become less relevant to think of older workers and their ‘retirement’ but more about the next stage of their life, beyond paid employment.
Here we offer some tips on how to retain the older workers in your business.
This may involve offering flexibility, adapting a role, retraining, upskilling, and ensuring workers continue to feel satisfied at work and valued by their team.
Build a reputation as an age-friendly employer, starting with commitment from leadership right through to the everyday policies and practices.
Support and train managers to lead an older and diverse workforce, including:
Promoting a healthy work environment and investing in the health and wellbeing of your staff is good for business productivity.
Staff who are happy and healthy take less time off and stay in roles for longer.
Facilitate two-way mentoring between younger and older workers to pass on skills and knowledge. This can help to build business and staff capability, trust and strong relationships.
How might your support differ for older workers? Here are some tips to help.
Offer ongoing training and upskilling to all employees, no matter what age or life stage they are to maintain their employability and show that their contribution to the workplace is valued.
Ensure training suits everyone’s preferred learning styles. Consider offering training on digital tools and technology to older workers. They can readily learn them with the right support and training.