To sustain their workforces as labor demographics skew older, employers must foster age-inclusive work environments and tailor benefit packages to meet older employees’ needs.
Examples of benefits that best support older workers’ needs include: Flexible work and phased retirement options, caregiving and grandparents’ leave, menopause support, and assistance with financial and health care literacy.
To cultivate an age-inclusive workplace, managers should focus on engaging multigenerational teams and promoting the sharing of knowledge and expertise.
Strategies providing benefits which factor in age and individual needs are key to productivity and retaining workers.