June 4, 2023 – Benefits Canada/ Challenge Factory: Lisa Taylor provides her expertise to Benefits Canada in this article about just how valuable older employees can be during labour shortages.
Spoiler: Employers can unlock a tremendous amount of productivity by re-engaging older workers in roles that meet their needs, use their talents, and advance the company in meaningful ways.
Many employers are welcoming retirees back to their workforces to counter what some are calling the ‘Great Labour Shift.’ As the coronavirus pandemic shifts the labour market in favour of workers, employees across the globe are taking the opportunity to rethink where and how they work.
In 2022, more than 50 million U.S. workers quit their jobs. While Canada isn’t seeing nearly the same levels of resignations, Canadian employers were actively seeking to fill more than 950,000 vacant positions in the third quarter of 2022, down 3.3 per cent from the second quarter, according to a December 2022 report by Statistics Canada.
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