Who are baby boomers?
Baby boomers are the people born between 1946 and 1964. This is the generation that comes right after the silent generation and makes up a major part of the population especially in developed countries.People of this generation were born in the post-World War II era which saw a major spike in birth rates. The period was often referred to as the baby boom and that’s what they’ve named after.Not to be confused with:
Not to be confused with:
How can you build a retention policy for baby boomers?
Even though baby boomers are the generation that is next in line for retirement, they come with massive amounts of knowledge and experience and the younger generation can often learn from that. This makes it essential to retain them and here are a few ways you can do that.Prioritizing senior employee engagementHaving worked for most of their lives, baby boomers would like to enjoy flexibility in their work schedules. A good example of the flexibility that suits baby boomer employees is a phased retirement option which lets them work a part-time job and enjoy partial retirement.Creating a senior-friendly workplaceEmployers must resolve the issues that commonly lead to the early retirement of baby boomers despite their will to continue working. Giving them a workplace that takes care of their health needs, offers them wellness benefits, and gives them access to an emergency elder care plan is another way to retain baby boomers.Supporting their post-retirement plansDiscussing post-retirement entrepreneurship in the pre-retirement conversation with baby boomers can make them feel like the organization cares for their financial security. Organizations can also consider retaining baby boomers in the workplace via a partnership or joint operating agreement.
