Studies from diversity@work have shown that the benefits of training an employee can last up to six years. In addition, companies that train older employees are more likely to reap the benefits since older workers are much more likely to remain in their jobs for longer than other workers.
Also, by including mentoring and knowledge transfer into the overall programme, organisations can train less experienced staff as a part of salary cost. This training is not only easy to implement, it can be tailored to suit the trainee’s needs.
This part of our website examines the benefits of providing training and development options to your mature age staff and the introduction of performance management as a way to track results.
Training
Contrary to popular belief, mature age workers are just as interested in training as their younger colleagues. Moreover, ongoing training shows a positive return on investment, and helps you retain your most experienced staff. This represents a significant cost saving, as the loss of one competent person within an organisation can add up to the equivalent of one year’s pay and benefits.
Read more: Training
Development
Offering developmental opportunities for your mature age staff will ensure that they know that you value them.
Read more: Development
Frequently asked questions
Further resources
Case studies
Examples