Wednesday, January 13, 2016

How HR Should Be Responding to an Aging Workforce

As our workforce ages, we’ve found ourselves adapting policies. Perhaps our best change has been flexible partial retirement, where older employees work half-time for pay and collect the other half of their usual salaries from their retirement benefits.

Our older employees are a treasure trove of knowledge and experience, the kind you don’t get from a classroom. Disregarding that is a huge mistake, so we base promotions on that experience in addition to performance. We also have mentoring programs where our older workers pass on knowledge to their younger counterparts.

Sometimes, we have to make physical changes such as easy-to-read computer monitors and more ergonomic chairs. Everything we’ve done has been worth it because the company benefits from it in the long run.

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