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Should Companies Hire Retired Employees?

Retired employees may not be physically strong or skilled in computers, but hiring them have some advantages as well.

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As a result of technological advances in medicine, people of today are living longer than they ever have. In highly developed countries where birthrates are low, their population is slowly being flooded by senior citizens. This scenario posts a great threat to the business industry since an aging population will cause shortage of employees due to the rise of retirement among its workforce. Highly developed countries facing this problem have resorted to hiring of overseas workers from Third Worlds.

Mandatory retirement age for most countries is 65 years old. Most people under this age group are still physically capable and can still work for few more years. For the unprivileged retirees, they want to extend their work life beyond 65 simply because they cannot afford to retire.  This is probably why some companies are learning to adjust to the idea of re-hiring retired employees. They may not be physically strong or skilled in computers, but hiring them have some advantages as well. Below are some benefits of hiring retired employees.

1. Older employees according to studies are less likely to be absent and have a more positive outlook towards their jobs. They usually take their functions seriously since they know the difficulties of finding a job for seniors. 

2. It is cheaper to hire retired employees. They are less demanding in terms of salary offers and they are most likely to accept lower wages. Most retirees value their remaining time in this world and they are more concerned serving their customers and maintaining good rapport with co-workers… income is no longer on top of their list.

3. Based on customer surveys, “retired” employees are friendlier to clients. Old employees recognize the importance of giving a smile to their customers since they know that the lifeblood of every business is their clients. They also value the survival of their company and taking care of their clients is far simpler than looking for a new job.

4. Some say that you cannot teach old dogs new tricks. But this is not the case when re-hiring retired employees. Retired individuals seeking work will exert all efforts to learn new things once they are hired for the job. Old employees are also emotionally stable as such they are more focused on their jobs and are more reliable.

5. Hiring retired employees will also benefit the government since they will continue to pay their taxes and social security premiums.

Employers used to think that senior employees are considered burden to the company. This led to the establishment of discriminative hiring policies against older individuals. This practice should be stopped and companies should encourage old applicants to join their organization. Age should not be the sole consideration when hiring an employee but  other factors must be considered like experience, education, skills, attitudes, etc.

On tips on how to be productive during retirement, please read this article “How to be Productive During Retirement”

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User Comments
  1. cutedrishti8

    On December 1, 2009 at 11:13 pm

    I think company should hire them but according to there age they must not be given too much work load…

  2. Eunice Tan

    On December 1, 2009 at 11:38 pm

    They’d better to do job that require thoughts and experience. Avoid physical job

  3. ceegirl

    On December 1, 2009 at 11:39 pm

    I say no. Why retire if you want to go back to work. They can’t handle the work load. It’s not equal to the other employees.

  4. Yovita Siswati

    On December 2, 2009 at 1:29 am

    Interesting! Yes, I agree, hiring retirements may have many benefits.

  5. Glynis Smy

    On December 2, 2009 at 7:02 am

    In the UK they have found the benefits of employing retirees. They want to be there, they have wisdom and energy. They are not out late at night and are on time for work. They have patience and customers trust an older assistant.
    Interesting article.

  6. papaleng

    On December 2, 2009 at 8:02 am

    Very nice article, I do agree with companies hiring old-retired emplyees.

  7. Melody SJAL

    On December 2, 2009 at 9:57 am

    Excellent points that I tend to agree.

  8. Juancav

    On December 2, 2009 at 10:05 am

    Sun must shine for everyone in equal conditions.

  9. revivor

    On December 4, 2009 at 6:37 am

    In years to come people will not be able to afford NOT to work on into their late sixties/seventies

  10. Val Mills

    On December 19, 2009 at 3:20 pm

    65 isn’t all that old really. I know many over that age who are still actively employed and valued in their workplace. It depends on the mental and physical health of the person. Interesting article.

  11. xoxo

    On December 20, 2009 at 9:11 am

    If they can do the job, they should have it regardless of their age. Good post. Thanks.

  12. Linvio

    On December 24, 2009 at 4:12 am

    Actually, it still depend on the person… If a person is really competent and effective and hardworking, regardless of age, he/she deserves to be given a second chance to work again…

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