In Canada, the baby boomer generation, or those born between the years 1946 and 1964, makes up approximately 1/3 of the working population. Additionally, these older workers occupy the majority of senior leadership positions. As these members of your workforce begin to retire and take their valuable skills with them, there are several steps you can take to encourage your older employees to stay engaged and excited about their work, as well as inspire younger generations in the same setting.
Invest in Accommodations
If you have several employees on your team who are older, it may not be a good idea to move your business to a location with no elevator and stairs. Be sensitive about your employees’ needs and look for ways to accommodate them in your workspace.
Adopt More Health and Wellness Programs
Helping your employees stay healthier for longer may reduce the number of accommodations you have to invest in in the future. You may also want to institute flex time policies for those who seek part-time work as they near retirement, but want to continue working.
Create an Inclusive Culture
At Hydro Ottawa, 42% of this company’s workforce is expected to retire over the next 10 years. To integrate age and diversity into their company culture, this business developed a plan that:
- Provides recognition for older workers
- Extends employee discounts to those who retire
- Helps older workers learn how to use new technologies
- Offers transitional and flexible work opportunities
- Includes a retiree association and a retiree resource pool
If you want to know more about how you can keep your older employees engaged, at BlueRock Wealth Management Inc., we are more than happy to help. Contact us today for more information.