What do businesses everywhere need? Employees. Look at the data on older individuals’ job performance and abilities: They get mind-blowingly better with age. In this article, we zero-in on what benefits your company can accrue from recruiting retirees.
You’d like to hire employees who are honest, responsible, dependable, loyal, focused, organized and mature. Get the benefit of boomers who don’t want to stop working. They are changing the workplace and can be a bonanza for your business.
Consider demographic trends: The boomer population is followed by a bust before the next big bubble of Gen Y goes to work. That gap in the middle means a potential disruption in knowledge transfer and in a steady supply of skilled employees. Such obstacles can be alleviated by hiring older workers.
Overcome your misplaced preconceptions: What ingrained prejudices do you have? You are not alone; it’s a pervasive cultural problem. For example, there’s the presumption that the leader always knows more and has wider experience than his/her subordinates. This is based on management styles from another era.
Take advantage of America’s expanding pool of senior talent as a boon to your business: Consider hiring a retiree who can evaluate and update your firm’s practices.
Where can you find a dependable, steady workforce that has no plans to move up and out? A workforce that is dedicated to the job at hand and takes pride in the work? Who will cost you less to hire, train and maintain? Older workers and retirees. In areas that lead to success — interpersonal skills, flexibility and teamwork — older workers excel.
Here are 12 excellent reasons why hiring retirees or older workers can provide significant cost savings in both the short and long term:
Older workers’ skills and values, as well as the potential savings to your company in time and money, make hiring retirees a simple matter of rethinking the high costs of turnover in a more youthful workforce. The next time you make a hiring decision, seriously consider older workers, whose contributions can positively impact your bottom line for years to come.
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