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Providing Flex Options to Older Workers Yields Strategic Benefits —www.shrm.org
21 May 2012—A report by the Sloan Center on Aging & Work at Boston College points to wide-ranging flexible workplace options that can retain older workers, tap into the experience of retired workers and help employers fill skills and knowledge gaps. Success is dependent, though, on matching flexibility initiatives with the needs of employers and their older employees.
The report, Flex Strategies to Attract, Engage & Retain Older Workers, released in March 2012, contains case studies of Central Baptist Hospital (CBH), MITRE Corp. and Marriott International that look at how those employers use flexibility initiatives strategically. The report cited U.S. Bureau of Labor Statistics estimates that project that from 2008 to 2018 labor force participation by workers age 55 and older is expected to increase by 43 percent while participation by those ages 16 to 24 is expected to decrease.
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