It is a well-known trend that after economic and social turmoil, individuals often look to make changes, including in relation to where and for whom they work. There has been no bigger turmoil in recent times than the pandemic and there is much talk about the 'Great Resignation'. Employee retention and attracting the right talent has increasingly become an important focus for many businesses. In recent months, there has also been much coverage around the changing face of the workforce with much emphasis on recruiting and retaining the older workforce.
We talk a lot about Millennials and Generation Z – how to attract them, how to retain them, how to keep them happy and engaged in work. The chat, however, is quieter when it comes to the other end of the working age spectrum – the Baby Boomers and Generation X. This is starting to change for the simple reason that the workforce is ageing. A third of all workers are now aged over 50. How do businesses fill the talent gap that is left between the number of Baby Boomers retiring and the number of younger workers coming through with the right skills to replace them?
Taking advantage of the changes in talent and workforce requires a thorough knowledge of the relevant law alongside an understanding of the issues involved. That's something we can offer, and we are having conversations now with our clients about establishing new working relationships with employees; benefits; about new and creative models of working; about re-skilling and re-training the workforce; and much more.
