President and Chief Executive of Allina Health in Minneapolis, Dr. Penny Wheeler, has released a message for her 29,000 employees, especially those who are at the age of 50 and above stating, “We want you or a marathon, not a spirit”, she recently found stating.
Allina Health is dedicatedly working on to retain older employees by offering part-time schedules, a phased-retirement program for clinicians and other flexible work arrangements. Moreover, these policies also stem attrition of employees with young children, but they’re particularly appealing to veteran doctors and nurses as well as office employees who want to work and not necessarily attend a full-time schedule at workplace.
However, healthcare industry is also appealing the progressive approach to retaining older workers because it’s challenged by shortages of employees at every rank. Outpatient clinics are also offering several flexible work arrangements, such as telecommuting, job sharing, and part-time schedules.
“We’ve had to accommodate in a reasonable way or the experienced talent we value will go elsewhere or just completely retire,” says Dr. Wheeler.
“The health care industry has been very innovative about accommodating older workers because it needs their skills,” says Ruth Finkelstein, executive director of the Brookdale Center for Aging at Hunter College. “Other industries probably won’t adapt health care’s model until they’re compelled to by their own labor needs, but the fact that older health care employees are so visible can help us recognize that their presence at work isn’t abnormal.”
Increasing count of Americans desire to work longer than traditional retirement age resulting the source of income to supplement retirement savings, and more. According to U.S. Bureau of Labor Statistics, tt has been projected that, by 2026, around 67% of 55-64 years and 30% of those 65074 are anticipated to be employed with a flexible schedule of work.
It has been considered that the advantages of retaining experienced staff, Allina has reduced steep turnover costs and retained people can train freshers.
“We’re getting the wisdom that comes with years and years of experience,” says Wheeler. “We all need ongoing mentorship and whether in IT, human resources, labs or operating rooms, we learn from people who’ve been around the block many times.”