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Maria R. Morris

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Employers that make a long-term commitment to accommodate their older workers - not just through the physical environment or flexible work schedules, but by providing access to critical employee benefits that can protect an individual throughout their lifetime - will reap the benefits. Many older workers feel a strong sense of loyalty to their companies and expect the same in return. At a time when Baby Boomers are nearing retirement - and increased longevity is enabling many of them to work productively well into their 70s and 80s - older workers may prove to be the solution to the impending talent shortage. It's crucial for companies to identify a strategy for retaining trained, experienced workers and keeping them satisfied and engaged.

Over the next decade, the aging workforce will transform the way that both employers and employees think about work and retirement. With increases in longevity, many workers recognize that they may need to stay in the workforce longer to fund their retirement, which could last 30 years or more.

To retain top talent in today's competitive job market, employers need to do more than loosen their purse strings. They must create a work environment that reflects their employees' life-stage needs and values. As the demand for experienced knowledge-workers intensifies, employers need to understand what motivates -- and inspires the loyalty of -- today's high-performing employees. In most cases, it's not the corner office or a large paycheck, but rather, the opportunity to work for a company that fosters strong workplace relationships and inspires a sense of balance and/or purpose.

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