Mature workers want to stay on the job past retirement but on their own terms
Strategies include flexible work schedules, extended health benefits and career opportunities.
TORONTO — More than half (57%) of mature workers desire to keep working, but on their terms and 48% are concerned about maintaining their health or that of a loved one as they age, according to the results of a recent study.
Second Wind: The Evolving Nature of Retirement, conducted by the Toronto-based human resources management firm Ceridian and CARP, which advocates for a new vision of aging, also reveals that mature employees are often consulted by their colleagues for advice (60%), but age discrimination in the workplace still persists.
“Mature professionals are often overlooked based on assumptions that they are too old to keep up with the times and may cost a company more in terms of benefits,” says Ross Mayot, vice-president and general manager of CARP.
According to the study, the traditional nine-to-five, five-day workweek doesn’t appeal to many who are choosing to work beyond retirement age. As such, employers should consider the following strategies:
• 46% of respondents want non-traditional work arrangements such as flexible hours and job-sharing;
• 41% call for phased-in retirement options to accommodate a strong desire for work-life balance;
• 29.9% support workplace mentorship programs and 24.8% support inter-generational training; and strategies or training to combat age discrimination, real or perceived, in the workplace.
The survey involved more than 5,230 Canadians. Margin of error of the survey is +/- 1.4%, at a 95% confidence level.
Click here for a copy of the survey.