As baby boomers move closer to the traditional retirement age, corporations are being challenged to keep mature workers engaged, retain their knowledge within the organization, and harness the benefits of an intergenerational workforce.
The Conference Board has issued Putting Experience to Work – A Guide to Navigating Legal and Management Issues Relating to a Mature Workforce to fill the gap in knowledge – legal, managerial, and cultural – on how to engage mature workers and get the most from their knowledge and abilities.
Effective best practices discussed include honest performance reviews, individual development plans, continuous and universal training, and succession planning and knowledge transfer.
Written by Deborah Weinstein, Esq., founder and president of The Weinstein Firm, and David Micah Kaufman, senior consultant, The Weinstein Firm, the Guide is an all-in-one manual for managers who recognize the talents of experienced workers and want to do their best to keep them on the job and performing optimally or to effectively handle a transition away from the company.
Questions answered by the Guide include how to assess a mature workers' performance, and how to identify retirement intentions and/or intentions to remain with the company in some capacity.
The book shows how companies can successfully manage their mature workers and remain compliant with the laws that protect them. Weinstein says that by following the advice in the Guide, managers need not be intimidated by the rules and regulations that protect the mature workforce.
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