Inflation’s Surprising Silver Lining For Companies And Organizations

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For companies and organizations, there is a surprising silver lining to the dark cloud of inflation

The good news and silver lining is the fact that retirees who are returning to the workplace are providing a welcome and unexpected source of knowledge, expertise—and a competitive advantage—for companies and organizations.of 700,000 older workers in New York City by Columbia Public Health found that, for small businesses in the Big Apple, there were 10 advantages to retaining and hiring older workers.They stay in jobs longer and take fewer days off.The perceived technology gap can be overcome.

“In this new era, remote work has become highly valued, and rather than return to a full-time job with strict hours in an office building, many older folks are turning to freelancing to increase their earning power, gain more job flexibility, and pursue their passions, while maintaining their independence and ability to make their own schedules,” she said.

“This especially applies to older workers as they reach retirement age or consider a return to the workforce post-retirement,” Harte concluded.and conducted last year by independent research firm Edelman Data & Intelligence, 21% of Boomer workers are freelancers; 8% of Boomers who are freelancers are retired.

Boomers vary in how they classify their freelance work, this includes full-time freelancers , part-time freelancers , and full-time employees who earn extra income from freelance work .Harte noted that “businesses that bring on retirement-aged freelance professionals to bridge the talent gap can do several things to help them acclimate and successfully navigate remote independent work.”Being as inclusive as possible for meetings and gatherings.

 

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