Don’t undervalue a valuable asset
Whilst organisations often focus on the value new, young talent brings to the business, there is a specific group of workers whose current worth is being undervalued. This is the ageing workforce.
With much of the attention on managing Millennials, employers should also be concentrating on engaging these often overlooked employees, taking advantage of years of invaluable experience, reliability and strong work ethic. These individuals have the potential to become a powerful driving force in the success of their business, whilst contributing to wider economic growth.
A number of factors, both social and economic, have led to a prolonged working life for a large part of the population and as a result the retirement age has become meaningless. This, in turn, has put an onus on employers to ensure that they not only retain key, experienced talent, but also maintain their growth and nurture their talent within the organisation.