How These Employers Are Adapting To The Needs Of An Aging Workforce

The video discusses the My Encore program by Trane's parent company, Ingersoll Rand, which aims to retain older workers and preserve their knowledge. It highlights the importance of flexible work arrangements and phased retirement to accommodate the growing number of older employees. Examples from various companies demonstrate successful strategies for retaining skilled older workers, emphasizing the value of their experience and the need for flexibility. The video also addresses workforce shortages and the untapped potential of retirees willing to return to work under flexible conditions.

What is the main reason Trane's parent company started the My Encore program?

• To increase the number of full-time employees

• To introduce new technology in the workplace

• To prevent the loss of tribal knowledge

• To reduce the number of older workers

Why are companies increasingly accommodating older workers?

• To fill workforce shortages in skilled trades

• To increase diversity in the workplace

• To reduce salary expenses

• To comply with government regulations

What is a common strategy used by companies to retain older workers?

• Reducing job responsibilities

• Providing flexible work schedules

• Offering higher salaries

• Increasing vacation days

How did Robert Metolli's role change after he hurt his back?

• He was given a part-time role

• He was promoted to a managerial position

• He was transferred to another department

• He was moved to a desk job

What is a significant benefit of hiring older workers according to PKF O'Connor Davies?

• They have great experience and motivation

• They are more adaptable to change

• They require less training

• They bring a fresh perspective

According to research, what percentage of retirees would return to work if flexible options were available?

• 50%

• 40%

• 60%

• 70%

What is a key factor that older workers value in their employment?

• Job security

• Opportunities for promotion

• High salaries

• Flexibility in work schedules