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Out with the old? Not so fast!

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in HR Management,Human Resources

The workforce may be getting younger, but execs aren’t too worried about losing their seasoned, retirement-age employees.

A survey of chief financial officers by Robert Half reveals that fewer than one-third fret that a mass exodus of experienced, mature employees could leave the company without leaders and legacy knowledge.

Still, notes Paul McDonald, senior executive director of Robert Half, organizations should prepare themselves for the loss of their most-experienced employees. His tips:

  • Pair older mentors with younger employees to whom the long-timers can pass along what they know about leadership, corporate history and the job-specific skills they have honed over the years.
  • Allow would-be retirees to transition out of the organization rather than quitting all together.
  • Keep retirees on part time as consultants and trainers.

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