The following post is written by WAHVE, Work At Home Vintage Experts, an IIANC-endorsed staffing provider.
Apparently, far too much. Today’s companies, looking to fill
an ever-growing list of open positions (31 million by 2020, according to
Georgetown University), are turning to millennials. Attracting the younger
workers has become the focus of companies as they try tapping into the energy
and enthusiasm of the generation they’re trying to sell to in many cases.
While having young, eager employees may be good in the short term, it also poses some unexpected issues. As more and more Baby Boomers head for retirement (the Bureau of Labor Statistics estimates 10,000 turning 65 each day), companies are losing a key component to their success – knowledge. Many retiring professionals have amassed a career’s worth of knowledge that younger generations simply don’t have yet.
In a perfect world, keeping the knowledge within the company
while grooming a new generation to take their places would be ideal.
Luckily, that ideal just became a little easier to achieve.
We at WAHVE started our entire business on the idea that
combining the knowledge and skills of the retiring and retired workers with the
fresh perspectives of the younger generation is a winning combination. And
that’s proven: statistics show that companies that employ an age-diverse
workforce have higher productivity, a wealth of new ideas, and a wide knowledge
Finding the veteran workers is easier than one might think.
The BLS says that the number of workers aged 65 and older who are still on the
job grew 117% between 1994-2014. As people live longer, they want to remain
engaged and on the job. And even more of them are willing to do so in a remote
Here are some of the advantages of employing retiring
workers to complement a workforce that includes millennial workers:
Better work habits. Older
workers are reliable – Max Planck Institute for Social Law and Social Policy
data show that older workers are more focused, less distracted, and can
concentrate better on the job they’re performing. Also, a Shift: The Commission
on Work, Workers, and Technology report found that older workers value doing
what they enjoy. Companies hiring older workers get a high level of commitment
because older workers are choosing jobs they want.
Older workers stay on the job. They’ve amassed the skills and have built areas
of expertise within their positions. When workers are employed in a
work-at-home position, they stay on the job longer, miss fewer days, and
deliver a higher level of productivity than in-house staff.
Veteran workers have plenty to share with their colleagues. Companies that hire
veteran workers, even in remote working arrangements, are benefitting from the
knowledge that is passed from older worker to younger staff. In the same way,
younger employees can teach their older colleagues plenty. They can share their
deeper knowledge of technology, programs, and methods, and can bring new
perspective to brainstorming and team efforts.
Hiring retiring (we call them “pretirees”) or retired
workers is now even easier. WAHVE is an innovative contract talent platform
that matches these veteran workers with a company’s needs. Companies get the
right skills and experience, and workers get a work-from-home extension of
their careers. And with access to a national pool of talent, the benefits get
Is today the day you take that step to boost your team’s performance and knowledge? Contact WAHVE today.