Express Employment Professionals is Saskatoon’s only locally owned and operated staffing and recruitment agency, that offers a full scope of staffing and recruitment solutions from professional search and headhunting to temporary staffing in Saskatoon. Express Employment Saskatoon Is Your Trusted Saskatoon Recruitment and Employment Agency allows clients to focus their efforts and time on being productive and doing what they do best – their business! Let their team focus on finding that right hire – that is what they do best! In their latest Saskatoon employment agency tip, they discuss how most companies are not offering semi-retirement despite ongoing labour shortages.
Most Companies Not Offering Semi-Retirement Despite Ongoing Labour Shortages
“Offering semi-retirement can reduce the shortage of workers, but the main benefit to employers is the continued transfer of institutional knowledge and company culture,” said Lee. “For retired workers, it gives them a sense of purpose, allows them to keep up to date in their field, and gives them flexibility to enjoy their older years.”
KV Aulakh, and Express franchise owner in Barrie, Ontario, agrees that there are significant benefits to offering semi-retirement.
“One of the biggest drawbacks of retirement is the lack of routine that people feel initially, but semi-retirement allows older employees to slowly adjust to retirement by offering a routine with less hours, less stress, and more time away from work,” said Aulakh. “Semi-retirement also allows companies to hire someone who is more likely to show up to work. The benefits to bringing a retired employee back on a flexible basis are huge as that worker already has the required skills and familiarity with the processes, so they can continue to train the new workforce using the years of experience they have.”
Lee says that the number of employees retiring has increased in the past few years.
“Due to the aging and retiring of baby boomers, we have seen an increase in the proportion of employees retiring,” said Lee. “In addition, during the pandemic, we saw a growing number of older employees taking early retirement.”
However, both Lee and Aulakh say that inflationary pressures have caused many older workers to either delay retirement or to come out of retirement. As a result, there is a growing source of labour that can help companies struggling to find qualified workers.
“The increased cost of living is making it difficult for people to live only on their pensions and, as a result, we definitely see an older age group continue to stay in workforce in our local market,” said Aulakh.
“As baby boomers continue to age and consider retirement, the labour shortage is only going to get worse,” said Bill Stoller, Express Employment International CEO. “Semi-retirement is one solution to allow experienced workers time to train their successors, ensuring a seamless knowledge transfer and business continuity.”
Survey Methodology
Express Employment Professionals allow clients to focus their efforts and time on being productive and doing what they do best – their business. Let their team focus on finding that right hire – that is what they do best!
- Click Here: Saskatoon JOB SEEKERS
- Click Here: Saskatoon EMPLOYERS
Contact Hanif and the team today! Connecting employees with great companies like yours.
'It's What They Do'
Express Employment Saskatoon Your Trusted Saskatoon Headhunters and Employment Agency
