Managing an Aging Workforce

What kind of incentives can companies offer to retain retiring employees?

• Retention bonuses
• Delayed retirement enhancements to pensions
• Phased-in retirement
• Rehiring retirees as consultants or contractors
• Employing retirees on an "on-call" basis
• Flexible and special benefits

What other vital measures must companies employ to ensure business knowledge and wisdom is retained?

• Mentoring
• Continuous learning and training
• Cross-training
• Workplace restructuring
• Career counseling

Overview/Description

Retirement poses a challenge to most organizations. This Business Impact explores strategies for planned succession.

Target Audience

Individuals responsible for managing personnel either occasionally, for example as project managers, or more permanently as team leaders or line managers.

Expected Duration