Your organization’s mature workers might decide not to end their careers when they reach retirement age.
Just as 5.3 million Americans age 44 to 70 have already done, they’re likely to launch “encore careers.” They’ll probably be attracted to education, health care or the nonprofit sector, notes a MetLife Foundation/Civic Ventures study.
If your organization wants to keep experienced, retirement-age employees on board, prepare to meet the needs of this older cohort. Here’s how:
- Analyze your organization’s jobs to learn which ones have a social purpose. Tout that aspect to older employees who want that quality in a second career. Bonus: Work with a social purpose appeals to Gen Y employees, too.
- Build in flexibility. Older workers want to take more time off, even if they continue in full-time jobs.
- Offer continuous training, especially in technology. Don’t let mature employees let their skills slip because you expect them to retire. They might not.