With employee turnover showing no signs of slowing down, offering older workers a chance to delay full retirement may help slow the exodus—even if only momentarily, according to a survey from The Harris Poll commissioned by Express Employment Professionals.

Retiring employees are expected to account for 28% of turnover in 2023, with U.S. hiring managers reporting among those at their company who retired in the past two years, most commonly 60 years of age or older (79%).

However, in an effort to postpone the time of retirement for employees, some have chosen to offer “semi-retirement,” which allows employees to reduce their hours and/or make a flexible schedule (30%).

Employees appear to take advantage of this offering, as nearly 3 in 5 hiring managers whose company offers semi-retirement say the number of employees choosing to semi-retire has remained the same over the past two years (59%), and nearly 2 in 5 reporting the number of those semi-retiring has actually increased (37%). 

This article is courtesy of Express Employement Professionals