The number of employees working into their senior years continues to grow for a variety of reasons, with financial need, the failure of private pension plans, and lack of sufficient health benefits being among the most prominent. Older workers typically bring many vital assets to the table, such as solid life experience, better attitudes, work flexibility and an interest in learning new things. However, there are many issues for management to consider when comes to successfully manage an increasingly “graying” workforce. Here are seven of the most common ones:

1. RATIO OF OLDER WORKERS – Compared with the past, their numbers can be expected to grow disproportionately in the years to come. This is not an issue in the US alone – but a pattern being observed globally.

2. LONGER-TERM RETIREMENTS – Today the average number of years that workers spend in retirement is more than 30, compared with just a few years of retirement a century ago. This means that many will choose to remain…



Source by Tricia Folliero

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