A year ago, we were seeing older workers flee from the workforce. Today, it’s the opposite. Pretty sure this phenomenon was tagged “The Great Return”.
Inflation and a struggling stock market have driven some retirees back to the workforce. According to a recent survey by Joblist, 27% of retirees returned to the workforce because they needed the money. Another 21% feared that inflation was eroding their nest egg. Interestingly, 60% of all the retirees returned to the workforce because they were “looking for something to do”.
Either way you slice it, it’s a good time for companies to revisit their practices and policies around things like:
🔹 Age discrimination, which 78% claim to have experienced, according to the AARP
🔹 Flexible work, which older workers increasingly prefer
🔹 Company culture in general — does yours support a multi-generational workforce?
Of course, every employee is different, every workplace is different, and every company culture is different. But as a recruiter for 25+ years, it’s clearly a great time to reassess the way you attract and cater to workers across generations.
#hiringnews #greatreturn #multigenerationalworkforce
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