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Opinion

Four Ways to Adapt to an Aging Workforce

By Hal Hershfield

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Given demographic trends in the developing world, corporate workforces are set to age significantly in the next few decades.

Calls to maximize the utility of older workers — by honoring experience, providing training opportunities, and offering flexible work and retirement options — began to sound at least a decade ago. HBR contributors have suggested we “retire retirement” and “adapt for an aging workforce.”

But proposing reform is one thing. Instituting it is another. Have companies followed through? Our analysis suggests that some are starting to. We’ve found four best practices for accommodating older workers that should serve as a model for other organizations.

Read the full article as published in Harvard Business Review.

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Hal Hershfield in an Assistant Professor of Marketing.