Question

What are some facts and myths about aging workers? What were the findings of Pundt et al (2015) in regards to predictors of post-retirement life and work satisfaction?

Answer 1

One of the myths related to older workers includes the fact that older workers are slow, less productive and aren’t quality oriented. In fact, it is true that experience and wisdom makes their choices finer and better in very many ways. In fact, NCA survey found 97% of employers with older workers think they’re thorough and reliable. Another myth is that older employees are sick more often and they tend to quit. The fact is that reasons for leave amidst the older employees were not seen to be illness in most cases and also the turnover rates was much lower than the young workers. The stability and consistency as well as commitment are seen to be higher in the aged workers. Time has forced older workers to “successfully” evaluate more information, solve tougher problems and make more critical job related decisions than most younger workers. This fact is often challenged by the popular stereotype against the older generations in most organizations that ‘older people are less efficient at comprehending, problem solving and decision making.’ Another myth and generalized stereotype to view them is that older people are inflexible and rigid in their approach and ideas. The fat is that NCA survey points out that 85% of employers, with older workers, say older workers are open to and adapt to change very well.
Drawing on SST, appreciation and respect in the workplace represent important contextual resources in the retirement decision-making process, which help to meet socioemotional needs of older workers. This is supported by research showing that being respected and recognized at work is a relatively important aspect to continue working. Thus, experienced respectful treatment by the leader may act as a contextual resource in the retirement decision-making process. (Pundt et al, 2015)