Psychological Scientists Address the Challenges of an Aging Workforce

Posted on May 21, 2015

Photo: flickr

With ageing population a growing concern across nations, it has indeed become more important to study how these experience-rich individuals can value add to the companies.

Research has shown that as we age some skills may decline, while others actually peak. Aside from having more experience on the job, older workers also often have better interpersonal skills and more interest in taking on mentoring roles than younger workers.

Unlike their younger peers, older workers not only have the necessary knowledge to share with others on the job, but an increased motivation to do so. Both organizations and individuals can benefit from tapping into older people’s motivation to mentor.

A study from psychological scientists Stephan Boehm, Florian Kunze and Heike Bruch of University of St. Gallen found that age diversity in the workplace can even benefit an organization’s bottom line.

Over 14,000 employees from 93 German companies participated in a survey measuring perceptions of a company’s age-inclusiveness and age diversity. Companies that were rated as more age-inclusive and diverse also enjoyed stronger financial performance, return on assets, and employee productivity.

There are several other past and on-going studies that highlights the possible contributions that can enhance the older workers well-being as well, as the company's growth.

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Category(s):Aging & Geriatric Issues

Source material from APS