Older Workers Are Sticking Around
This week, we look at why older Americans aren’t retiring—and how that’s putting some of their employers in a bind. Plus, there’s an unexpected reason some people don’t want to go back to the office.
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Staying On: Why Workers Aren’t Retiring
People are putting off retirement because they don’t have enough savings—a major quandary for employers as the economy slows down.
Staying Home to Avoid an Office Flub?
Leaders may be overlooking one reason some employees avoid returning to the office: the fear of new social and cultural minefields in today’s business environment.
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Author | Writer | Podcaster
1 年Whoever wrote this could have done themselves a favor by having their DEI person (mentioned in the article) review this article. The title of this post is why older workers aren’t leaving the workforce. The only reason given is financial, which is reductionist at best. At worst, it is a one-sided view of a large and growing group of people. The reality is the business world will have to address and come up with a different model given the changing global demographic. The “numerous baby boomers” that this article mentions will be joined by Gen Xers pretty soon. And getting rid of older workers to “free up roles for younger employees” isn’t the answer. By the way, that IS by definition, age discrimination.
Seasoned Professional, General Management, Human Resources and Labour Relations, Turnaround Specialist, Educator
1 年I have to admit,that I dislike the preemptive questions of “why older people are not retiring”. Who defines who is old or not? Employees should not be discriminated because of age and pushed out of their jobs because of age. The facts are that a) life expectancy, overall health and mental agility have dramatically increase over the last 40 years in developing countries; b) in countries with state governed minimum pensions, the entitlement age for these has and is being moved up; c) revenues on saved middle class income and pensions plans decreased due to reduced interest dynamics and multiple stock market crashed. As we see octogenarians in politics, we may get need to get used to them in the workspace and adjust our views on succession planning etc
Operations Excellence | Digital Transformation | Commercialization - Business Growth | Innovation | Technopreneur
1 年active aging. older workers prefer to keep their mind active and resourceful. come to think about it, they don't need a lot of upkeeping. and, very good roi for hiring company - just my humble opinion.
Career & Job Search Strategist, Former Retained Executive Search, "Recruiting Insider".
1 年I advise my clients to do this: Position your age as what it is: A history of having been there, done that, and wiser and more effective because of it. Any company which doesn't see this, doesn't deserve to benefit from the power which comes with long experience.
Chartered Accountant at G.Satapathy and Company, Chartered Accountants
1 年Thanks for sharing