A survey conducted by the Nationwide Retirement Institute revealed that four out of every 10 American workers of to be able to retire they have chosen to continue working, because the increase in the cost of living has made them rethink how complicated their future could be with the money that Social Security would assign them at this time.
Under this scenario, companies are unable to offer jobs to younger workers.
The 36% of U.S. employers surveyed agree that late retirement affects their ability to hire new talent, while the 28 % assured that their strategy to promote young talent has also been affected.
Likewise, 35% acknowledged that the decision of veteran employees not to retire makes their retirement plans more expensive. e health and benefits.
On the other hand, the information collected in the survey highlights the delayed retirements of veteran employees have begun to be counterproductive for the very companies where they work.
Three of each employers report that the morale of their work teams has decreased, the 29% indicate that the mental health of the rest of the employees has been affected, and the 27% have noticed a lower productivity of their workforce.
In this regard, Amelia Dunlap, vice president of marketing for Nationwide Retirement Solutions, described as unproductive for the rest of their colleagues the option of extending the working life of a worker of retirement age.
“We’re seeing delayed retirements impact the entire talent lifecycle of employers, and may be unintentionally contributing to ‘quiet quits.’ Employers may find themselves with a workforce that lacks the motivation to go above and beyond without the ability to reward employees for a job well done,” he said.
The survey also found that only the 28% of government employees expect to delay their retirement due to inflation vs. 41% in the private sector.
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