This paper seeks to explore how organizations might create flexible work programs to attract and retain older workers.
Drawing on the literature on aging and work, the paper identifies an incoming HR challenge (leveraging an aging workforce), focuses on a strategy (designing flexible work programs) and reviews some innovative programs in Europe and North America.
The paper identifies three lessons. The first is to adopt a portfolio approach, which means to combine and integrate diverse dimensions of work flexibility (work schedule, number of hours worked and so on). The second is to offer flexible work options to retired employees. The third is to align flexible work opportunities with pension scheme options.
Labor market experts predict a steady increase in the number of older workers who will extend their work life or work during retirement. A number of surveys, in turn, report that people are more likely to seek flexible work options as they age. The paper provides practical advice that will help organizations to prepare for the demographic changes coming and to develop effective flexible work programs for older employees.
