How to Make Potential Retirees Stay On

Employers have up to two years in which they may be able to change a retiring worker’s decision by offering incentives to remain with the company, according to results of a survey by the nonpartisan Employee Benefit Research Institute.

“Although no single incentive is likely to motivate the majority of retirees to stay longer with their employer, it appears that employers may be able to assemble a toolkit of alternatives that would be effective in retaining substantial numbers of workers,” says EBRI. It cited incentives such as making the potential retiree feel “truly needed” for assignments, providing a pension while the retiree is working, contract work, pay raises and health benefits, allowing telecommuting or part-time work, among others.