Aging Workforce, Rising Potential: Policy and Employer Action for Older Workers

The surge of retiring older workers paired with a shortage of skilled replacements is often framed as a looming crisis. However, this perspective overlooks a crucial opportunity: older workers also represent a valuable and often untapped talent pool. This brief explores why employers should prioritize upskilling and reskilling their older employees. By doing so, companies can address labor shortages, tap into the expertise of experienced workers, and support their financial security, creating a win-win for both employers and the workforce.

 

This brief also explores necessary public policy changes that can facilitate this transition. By making it easier for older workers to remain and move up in the workforce, we can create a more robust and resilient economy.