Boomers Hit 62 in June!

We have been anticipating for years the tidal wave of Baby Boomers who will be hitting the retirement age all at once. That time is here, the first wave of Boomers have just qualified for Social Security. This could be really bad news, however, according to a recent study conducted by the AARP, most of them are not planning on retiring, not completely anyway. They found that most Baby Boomers expect to work at least part-time in their retirement.

According to Charles Wonderlic of the famed employment management and testing firm, Wonderlic, Inc., this is really good news for business. His research shows that you may get the most dedication and retention from senior workers. Here's what he's found:

Dedication. Senior workers are dedicated to the concept of doing a good job. It's an old-fashioned value often not found in younger workers, says Wonderlic.

Motivation. Senior workers actually want to work! Some, of course, simply are after supplementary income, but they also want to get out of the house, to interact with people, and to do something useful.

Satisfaction. Seniors aren't trying to advance up the ladder. They're not gaining experience just to move on to another employer. They're not competing with their co-workers. They are satisfied where they are.

Experience. Seniors can handle a lot. Tough boss? Lazy boss? Annoying aspects to the job? They've seen and heard it all. Whatever it is, they just take it in stride.

Work ethic. Studies show that seniors come to work on time, don't complain, and do their jobs with enthusiasm.

Some people call this collection of characteristics the "Silver Collar." Whatever you call it, you're going to have a good experience with your older workers, says Wonderlic. Of course, you'll have to modify some policies to make allowances for the flexibility that older workers require. Well, just add that to the list of policies that need upgrading, right?

Need help updating your company policies? PeopleWise can help! Call 816-858-7300 today!