People are living for longer than ever before, which is prompting many workers to rethink how they approach retirement. But how can their employers respond?
This is the question tackled by an article in the Harvard Business Review co-authored by Catherine Collinson, CEO and president of nonprofit Transamerica Institute and Transamerica Center for Retirement Studies, and Michael Hodin, who is the founder and CEO of the Global Coalition on Aging and its Silver Economy Forum.
Catherine Collinson commented: “Demographic and societal shifts mean there will be multiple generations in the workforce at any given time. This unprecedented diversity brings an exciting array of skills and expertise, perspectives, and life experience that can enhance an organization’s innovation, productivity, and overall performance. At the same time, employers will need to align themselves with these new realities and unleash the potential of the multigenerational workforce.”
Catherine and Michael’s article outlines five best practices for employers seeking to increase age-friendliness, engage the multigenerational workforce, and create age-inclusive cultures.