Menu
Over 65s
10 Feb

5 Ways To Embrace Your Company’s Over 65s

 Over 65s

More and more of us are working on past 65 years old, whether to add a bit more to our pension pots or simply because the thought of full-on retirement seems too much. But how can employers look after those workers that delay retirement? We have 5 tips here.

 

Since the abolition of the Default Retirement Age of 65, it’s about time more employers began to embrace their older staff. Retirement at 65 isn’t necessarily the right option for everyone and employers should view it as a positive that their most experienced workers can continue on for a few extra years.

That’s why we thought we should come up with a few ways with which employers can fully embrace that older generation of workers and achieve the best productivity from them.

 

1. Draw On Their Experience

Your post-65 workers have, obviously, got a wealth of experience that they can draw upon. That’s very beneficial for them yet it could also help your youngest workers. Asking your older staff to mentor your newest employees could be a great scheme that benefits both. The new members of staff are able to learn new skills and gain expert knowledge, while the older staff will normally be very happy to share their knowledge as it makes them feel – quite rightly - valued.

 

2. Continue To Provide Training

Just because a member of staff turns 65, it doesn’t mean that they should stop receiving training. While it might be tempting to think that any training you provide them is going to be useless in a couple of years when they finally jet of to a retirement villa in the sun, that is definitely not the case. Any training you offer to your over 65s shows that you, as an employer, are genuinely doing what’s best for them. Over 65s probably expect their employer to stop caring about their training so by making it clear that you do still care you can show what an employee-focused employer you really are.

It may well be the case, though, that your older workers don’t need particular types of training so why not train them up in general skills that will be useful both in their remaining years in the job and throughout their retirement? Teaching them the latest IT skills or a new language can benefit both parties and may just encourage your older staff to stay on that little bit longer.

 

3. Flexible Working

As mentioned, the staff approaching retirement in your company are likely to be the ones with the most experience and that experience is something you’d ideally want to keep a hold of. It can be tricky to encourage all over 65s to continue working for a couple of extra years, which is why many employers choose to offer older staff flexible working.

The idea of only working a few days a week instead of all five can encourage older members of the workforce to stay with the company and allows the employer to retain their experience. So everybody wins!

 

4. Provide Retirement Advice

Most employers will have a corporate workplace pension scheme in place, which is a great employee benefit for all staff. Yet it’s sometimes difficult to know exactly the best way to utilise that pension pot when the time comes.

That’s why a really worthwhile employee benefit for older workers is to provide them with ongoing retirement planning advice so that they are fully able to focus on their work with the peace of mind that their future is financially secure. Providing such a staff benefit can also work as an incentive to encourage slightly younger staff to stay with their employer so that they too can receive that retirement advice when the time comes.

 

5. Invite Them To Social Events

Once a co-worker reaches the age of 65 it can be easy to forget to invite them out for the post-work drinks or the weekly breakfast, especially if they are utilising the flexible working discussed in point 3 and hence not around every single day. It may well be the case for some over 65s that they have got other things they’d rather be doing, but it doesn’t apply to all.

So encourage your younger workforce to continue to invite their older colleagues along to the work socials, even when they know they probably won’t make it. They usually have the best stories!

 

Photo credit goes to Kerem Tapani 

 

5 Things The Employee Benefits World Taught Us This Week – February 6th Do you offer your staff volunterring opportunities? If not, here's why you should
comments powered by Disqus

Tags

pensionspension schemescorporate pensionflexible benefitsemployee benefitsretirementauto enrolmentcorporate pensionshuman resourcesstaff retentioninterviewemployee engagementhospitalitygroup riskpublic policyworkplace pensionsmortgagesretirement planningpensions schemesretirement advicefinancial educationemployee benefits weekly wrapteam buildingemployee team buildinglife insuranceguidance guaranteeannuitiesolder workersworkplace financial educationpension wisepaymortgage advicehistory of pensionshistoryeconomicsretirement planworld war 2politicspension fundsBritish economyfinancemarketscrisisGreeceSpainEUGDPbailoutGuest Blog postUKtaxInterviewmanagementeconomyBudgetOsborneConservativesEconomyUSRatespension potsregulationconservativespension freedomsinvestmentPensionsscams45 Parke LaneDorechester CollectionLondonCateysAwardPension freedomsreformpension reformsinterest ratesinheritanceAnnuitiesHappinessEmployee Benefitsrecruitmentretentionemployee rewardsflexible workingJanuary2016HRcompany newsDAM teamteam day outauto-enrolmentpensions contributionsindustry insightsstaconferencehospitality and tourismpromotionsHIT dinnerretirement savingpension planningemployee wellbeing weekfinancial wellbeingcultureemployer actionIndustry insightsemployee wellbeingunique benefitseducating your workforcevolunteeringwin back the loveDAM eventsDAM Wealth dinnerwealth dinnersCompany newsinsightssponsorship eventsChristmasteamnew memberbusiness consultantcancer preventionworld cancer dayhospitality industryCOVID 19DAM supportfinancial advicefinancial guidanceCovid-19dam responsehelping your employeescoronavirusupdate for our clientsSocial mediaworld health daystress awarenessimportant informationFCApension scamsMental Healthcovid19employee supportmental health awareness weekbe kind to yourselfsavings tipscreating goalsmanaging debtsummer budgetkey takeawaysemployer supportpractice the pausereturn to workeasing lockdownmanaging your mindlockdownmanaging your moneycovid-19managing your prioritiesfinancial planning weekmental health awarenesssleepovertohelpturnoverindustryinsightstalk money weektransferring ISAslifetime ISAonlinecommunitycompanynewsDAM portalGRiDgroupprotectionemployeebenefitsHospitalityaward season