Best Practices for Engaging a Multigenerational Workforce


People have the potential to live longer than ever before, which is prompting workers to rethink their time in the workforce relative to retirement. Many workers — whether by choice or by necessity — now seek to extend their working lives beyond the traditional retirement age. An individual’s working years can now span six or more decades. The U.S. Bureau of Labor Statistics estimates that almost one in four workers will be age 55 or older by 2031 and that age 65-plus workers represent the fastest-growing segment of the workforce. These societal shifts have given rise to the multigenerational workforce. Now and in the future, we will have four to five generations in the workforce at any given time. How can employers align themselves with these new realities and unleash the potential of the multigenerational workforce? This article covers five best practices that are intended to be a source of inspiration for catalyzing age-friendliness, engaging the multigenerational workforce, and activating age-inclusive cultures.

Employers are grappling with a myriad of workforce-related issues ranging from productivity to attracting and retaining talent, but many may be overlooking some seismic shifts that are reshaping the future of work: longevity, population aging, and the multigenerational workforce.




Source link: https://hbr.org/2023/10/best-practices-for-engaging-a-multigenerational-workforce

Sponsors

spot_img

Latest

Cardano Founder’s Algorand Sidechain Offer Makes Rounds on Reddit

Charles Hoskinson recently suggested that Algorand should explore becoming a Cardano sidechain.  The Cardano Founder’s proposal...

Which Super Rugby Pacific players are under the most pressure in 2023?

Super Rugby Pacific is set to return at the end of the month with the Crusaders and Chiefs kicking off the proceedings...

12 Tips For Managing Temporary Teams During The Holiday Rush

For many businesses, the holiday season is a time of increased demand and heightened activity, necessitating the hiring of seasonal or temporary...

Watch Jayson Tatum become youngest Celtic to score 10,000 points

Bill Russell. Larry Bird. John Havlicek. Dave Cowens. Paul Pierce.Jayson Tatum got to 10,000 points faster than any of them, hitting the number...

Commissioner Peirce: SEC Should Ask Crypto Investors What Protections They Need

SEC Commissioner Hester Peirce sheds light on the agency’s approach to crypto regulations. Crypto firms face...