The document summarizes key findings from a SHRM survey on the aging workforce and recruitment and retention of older workers. Some of the main findings include:
- About 40% of organizations indicated the aging workforce has not prompted changes to retention, recruiting, or policies.
- Employee referrals and networking are most commonly used to recruit older workers, and over half of organizations do not actively recruit older workers.
- Flexibility in work location, career structure, and hours are the most challenging factors in retaining older workers.
- About two-thirds of organizations employ former retirees, though they make up only 1-20% of the older workforce. Money is a leading factor for retirees returning to work.