Employee benefits for older workers. Building a successful competitive benefit package

Essay from the year 2019 in the subject Leadership and Human Resource Management - Miscellaneous, , language: English, abstract: The paper describes employee benefits for older workers. It explains that the role that older employees play in the organisations cannot be understated. They have vast experience in their various areas of specialisation if they are carefully developed and managed.The older employees can be more effective and efficient thus leading to better performance of the business. Despite the important role that older employees play in their organisations, a number of firms and employers are of the perception that the older employees are change resistant, have low self-esteem and are generally difficult or hard to motivate. On the contrary, the older employees are highly reliable, loyal, have rich skill sets and greater knowledge of the organisation, and have a higher commitment to the organisation and the work. This indicates that older employees’ benefits is an essential element that can be used to boost the performance of the organisation.