Strategic managers and HR professionals need to address the skills, knowledge base, and institutional memory that is required for their company to grow. Date from StatsCan there is now an equal number of workers aged 25 to 34 and those aged 55 and above who are active in the workplace. That number strongly suggests that to keep up with the demands of running a business – older workers are now a necessity.
Efforts to retain and attract older works need to be top of mind for those who want to ensure the viability of their businesses in the long term. Offering older workers flexible work arrangements, training and development opportunities is important.
Benefits of keeping a mature workforce include:
- Knowledge based on experience;
- Dependability and commitment;
- Established networks that add value;
- Matching clients to your employee base – mature clients like to deal with mature employees.
What strategies is your business undertaking to ensure that the mature employee stays on? Do let me know as I am genuinely interested.
Marie-Helene Sakowski – Business Change & Transition – email@example.com