Small Biz Ahead
A Podcast By Small Business Owners, For Small Business Owners
1 month ago

5 Benefits of Hiring Older Workers and Retirees

Episode Notes

Key Highlights

Why Should I Hire Older Workers and Retirees?

More seniors and retirees are returning to the workforce recently due to higher inflation. Whether you’re looking for jobs for retirees or business ideas for older workers, we’re here to help. Here’s 5 things that small business owners should consider when hiring older workers:  

  1. Offer Flexibility: When looking to hire older workers, consider offering the same flexibility you’d offer other workers. Just because someone is retired doesn’t mean they have unlimited free time.   
  2. Upskilling and Training: Be sure to budget for training to upskill workers who are returning to the workforce. Technology changes quickly so it’s important to spend the time and money training an employee who has been out of the workforce for a few years.
  3. Health Benefits and Ergonomics: Consider improving ergonomics and safety training for your older workers. Also, consider reviewing your health benefits to ensure they cover the medical needs of older workers. When employees are comfortable and safe at work, they will be able to focus better on the job at hand.
  4. Prevent Age Discrimination: Revisit all your discrimination policies to confirm they’re adhering to both from the EEOC and the DOL. You can also consult a labor attorney to confirm you’re adhering to state and federal laws. When interviewing older employees or retirees who are returning to the workforce, avoid any remarks or questions that could be taken as discriminatory towards someone’s age.
  5. Older Employees Bring Experience: The most valuable asset that older workers bring to the table is experience. Your younger workers can use their experiences and wisdom and apply it to their own career. Your older workers can help mentor younger employees.

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