With the increase in lifespan and healthy years, the majority of people retired at 60 feel that there is still 10-15 years of fruitful work life left to keep themselves engaged and economically sustainable. These people are looking at job profiles which are comparatively less gruelling and at an advisory and directional level. These people can be an asset to organisations who are looking for people with experience and to add diversity to their age profile. This would lead to a healthy environment to foster an atmosphere of experience and knowledge, as well as youthful energy and eagerness to learn from peers in an age-diverse workplace.
There are many benefits of having age-diversity at workplaces.
- Employees with more experience can pass on their expertise and experiences to newer employees.
- Internally, age-diverse teams encourage each other to employ approaches and cognitive processes that are not necessarily common to one age group, this promotes innovation.
- There is a higher degree of team productivity in a mixed-age workforce, not just a boost for individual employees.
- Because of the relatively lesser probability of change among senior employees, age-diverse workplaces can minimize overall employee turnover rates.