New research from Hays Ireland reveals a disconnect between older employees’ retirement plans and employers’ strategies for retaining mature talent.
RTE has reported that the data which shows that 22% of professionals over 50 intend to retire within 5 years. However, only 38% of employers have discussed retirement plans with them.
Many older staff prioritize flexible schedules, health benefits, and retirement planning when considering new roles. But less than half of companies currently offer retirement planning, and only 15% provide part-time options specifically for over-50 employees.
While 72% of employers say they actively recruit older workers, half of mature workers believe their age has hindered job offers before.
70% of employers insist staff are treated equally regardless of age. But a perception gap persists on both sides.
As technology rapidly transforms roles, older staff may feel pressured to retire earlier, causing valuable knowledge and experience to vanish. Proactive training and upskilling can prevent this.
The findings spotlight the need for improved communication between employers and mature staff on retirement plans and priorities. With strategic support, older professionals can continue contributing their expertise.
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