A common client question these days is: how can we motivate and engage older workers? Those who are at or approaching the traditional retirement age of 65 are the fastest-growing group in the overall population; those who are in that category will increase by about 66% between now and 2035. As people live longer and age healthier, they want to keep working, either because of financial needs or the desire to stay engaged and productive.
“Older workers could be your most valuable asset if you managed them correctly.”
Yet these workers may be ignored or even scorned, frequently because of entrenched prejudicial stereotypes about older workers or poor management. In addition, sometimes younger managers may not know how to manage someone older than themselves. Partly because of this, age discrimination lawsuits are the fastest growing class of employment discrimination cases in the federal courts right now.
Ironically, older workers could be your most valuable asset if you managed them correctly. Because of their experience, they know what the work environment requires of them and they actually tend to stay in jobs longer than younger workers, which would lower your turnover costs.