A storm is brewing in the UK. An imminent talent shortage is worrying employers and HR, and they’re looking for a solution. Tom Newcombe recently wrote that “During the next decade there will be 13.5 million job vacancies, but only 7 million school and college graduates will enter the workforce – leaving a skills shortage that immigration alone cannot plug.” His article proposes a solution to the problem: start managing the older workforce.
Many employees from the Baby Boomer era are actually planning on extending their careers past the regular retirement age, although it seems that HR isn’t doing much to address this older demographic. This could, however, be a save for UK companies, and could help your business as well. In addition to hiring young workers fresh out of school, older workers bring even more knowledge and experience to a job.
So what are you doing to utilize your “greying” workforce? It’s easy to think that older employees are more excited about retirement than ever before, but offering more flexible working schedules could actually benefit your company. And doing so now will show incoming younger workers the opportunities that are available at your business.
Read more about the benefits of older workers here.
Published by Conselium Executive Search, the global leader in compliance search.
