The Great Unretirement and how this return of workers could benefit your business.

Is the “Great Unretirement” Coming?

Many older people left their jobs during the pandemic, reversing the long-term trend of older workers delaying retirement. Now, with the pandemic over and the cost-of-living soaring, many of these over-50 workers and early retirees are choosing to return to work. This job market phenomenon has been dubbed “The Great Unretirement.”

The Great Unretirement is poised to become a major factor in the current and future job market.

In this blog, we’ll look at some of the reasons for the Great Unretirement. As well as how this return of veteran workers could benefit your business.

Reasons for the Great Unretirement

One of the main factors motivating older people to return to the workplace is financial. The current state of the economy, including the steady rise in the cost of living, is causing many retirees to dip into their savings to make ends meet. Guaranteed funds for their golden years are dwindling, and with no steady source of income to replenish those coffers, older people are finding it necessary to look for jobs with a steady income.

Other reasons for the Great Unretirement include a waning of pandemic-related health concerns, increased longevity, a higher retirement age, and underfunding of pension programs.

The Great Unretirement and the Skills Gap

Industries across the board are facing a serious talent shortage. This shortage is primarily due to a skills gap. Meaning that, while many workers are available, finding the right candidate to fulfill the role’s needs is difficult.

Many of the skills needed are soft skills that take time to develop. Older workers have not only had years to develop these skills but also practiced them actively in the workforce. Skills such as resilience, adaptability, flexibility, empathy, and diplomacy are highly valued soft skills that older workers will bring to your company.

While many younger workers have the credentials and education to secure a job. What they lack is the practical experience or the nurtured instincts that a veteran worker would have.

Conclusion

The Great Unretirement will bring many skilled, talented workers back into play. As older people return to the workforce, whether in a temporary, part-time, or full-time capacity. Companies need to be ready to take advantage of the highly skilled, valuable workers. And welcome them into the workforce once more.

If your team is missing key members, let our team find your missing piece! Contact ABBTECH today!

Tips to Keep Your Remote Team Engaged This Summer

Summer is here, and you want remote IT workers to enjoy the season. It can be challenging to keep remote staff engaged, particularly during summertime. However, with the right approach, you can help your remote employees perform at peak levels in summer and beyond. Below are tips to keep your remote team engaged this summer.

Tips to Keep Your Remote Team Engaged This Summer

1. Engage Remote Workers by Encouraging Use of Their PTO

Remind remote workers to use their paid time off. You can send updates to let workers know how much time off they have available. In addition, you can encourage workers to reach out with any concerns and questions on how to submit PTO requests. And you can respond to workers’ PTO requests right away, too.

Remember, your workers have earned PTO, and they deserve to use it however they choose. By reminding workers about their PTO and encouraging them to use it in summer, you can foster goodwill with your employees. This can help workers use their PTO to recharge during summer. When they return to work, they’ll feel their best once again. As such, they can help your company thrive.

2. Show Your Remote Workers You Appreciate Them

Do your part to express appreciation to your remote staff. For instance, you can send summer care packages to your remote workers. These packages can include summertime goodies and show workers you value them and their contributions to your company.

Make employee appreciation a key part of your company’s culture as well. Sending thank you notes to remote workers or highlighting these employees’ accomplishments in company meetings can go a long way toward keeping your staff engaged. These actions can even help your company stand out to top talent.

3. Engage Remote workers by Keeping the Lines of Communication Open

Let remote workers know you are available to listen to their concerns and questions. You can set up regular check-in meetings to ensure your remote team members get the support they need. Also, you can use Slack and other communication platforms and tools to connect with remote personnel in real time.

It can be beneficial to schedule group events for your remote team. For instance, you can host weekly trivia events or lunches. These events encourage remote workers to come together and socialize. They can help remote employees connect with one another and foster meaningful relationships with their peers.  Plus, the events can drive employee engagement and satisfaction across your remote workforce.

Want to Hire Remote IT Staff This Summer? ABBTECH Can Help

Summer is a great time to pursue IT talent — and ABBTECH can help you do just that. Our IT talent recruiters are the industry’s best. We listen to companies and find out what IT roles they need to fill. From here, we can put you in touch with top job candidates. We make it easy to add IT talent at any time. Our team is available to help you identify and recruit quality IT job candidates. To find out more about our IT staffing services, please contact us today.