Boomers and Gen Xers are betting on a retirement ‘mega-trend’ that could transform the workforce—and when employees leave their jobs

More in growth Hybrid and remote rolesSpeaking a four-day work weekand and AI potential to shake all industriesIn America, he worked deeply changes in the 2020s. Some employees and their employers believe that it is time to change how and when people retire.

Of course, Retirement is not monolith in the USA– All before leaving the age of 65, golf courses and the world’s sailors, while many others never retire at all. Others leave the traditional work world as soon as possible by entering highly paid but stressful fields so they can Hose money And then get out of their 50s or even earlierA number

But there is another option that benefits both employees and businesses, says Alicia Garcia, the main company of the Chief Educational Service of Life MasterControl. So-called pension pension It can help almost retirees reduce their workload and stress, while the income is earning and maintained by the workplace, and businesses can continue to experience their years or even decades.

What is a phase retirement?

Phase pensions are not ignored. According to the main financial group Financial Welfare Index:61% of companies, mostly larger organizations, have some experience in carrying out them. But they become more structural. At present, only 16% of employers regularly experience retirement pensions with phase pensions.

The same report believes that “gradually decreasing hours” is the most desirable way of retiring for current employees, particularly for Gen X’s millennium and Gen zA number says the Findfall Shift begins with Gen Xers Because they are must first rely mainly to 401 (K) s And other ways of personal savings for pensions. They may be able to stop 65 in 65, but they want to take their foot out of gas a little.

“It is really important to make their lives in their lives, not the life of their lives,” says Bindfield. Companies “should start thinking about a deliberate offblock strategy, because people stay somewhere until 65 go along the way.”

What are the advantages of phase retirement compensation?

The adoption of GREINGING TREND can win for employers and employees, says Garcia. Montroncontrol began retirement reports after a new retired employee contacted Garcia to say that he was forced to interrogate him in his life. By full-time, no work was done immediately on the mental health of Garcia’s former worker, which did not want to work all the time, but also did not want to stop so sharply. Why should it be all or nothing?

Now the company offers different options for employees, depending on their needs and circumstances. Some older workers say: And at least 30 hours of workers working on a week maintain their benefits.

“We had an individual who went four days a week, and we equalized their salary by 20%. They had a three-day weekend every week, “says Garcia FortuneA number of “We still had their knowledge, and we could very easily absorb that work. It’s no longer material that someone else is overloaded. “

How built this office process can be different. Health insurance pays great attention to many employees, says Garcia. Some may prefer to maintain plans sponsored by their employer as long as they qualify for Medicare and Social Security payments, while others may rely on husband’s health benefits and feel less than 30 hours.

There are many types of customizations companies companies. Some workers have gone slowly retirement, first of all, four days a week, then three days, and then on a contractual basis. Others can move to another team inside the company, which is less demanding or less responsibilities. For example, a sales employee may pass customer relationship management, not the pursuit of new leaders.

“It’s a great way to keep in the organization, but moves them to a role that is good for their mental health and personal life,” says Garcia.

It also allows a more smooth knowledge to make the next generation of the company. MontryControl operates in space that is very technical and requires significant regulatory knowledge that can only be acquired in industry “years and years.” Providing more flexes to more flexible gives them the opportunity to unload their experience of which the small field of director can be especially useful in specialized areas, such as nurse and car repair.

“If everyone stays at the same time, we would have a significant gap in our organization,” says Garcia. But phase pensions “Let the company” keep the customer’s experience, where they don’t notice that someone has left. “

Another benefit, says Garcia, is that it can be involved in young employees. If they know that in their future years their flexibility will be given more likely to stick around.

“We are a profitable company,” he said, “but easy to find victory.”

Boomers don’t want to leave the workforce entirely

As The youngest children’s boomers began to become 60 years old Last year, experts predict a potential seismic effect of the economy, including the loss of uninformed experience and expertise. Many employers roar to pave the passage.

The fazed retirement can help, says the director’s baby. And as “Excellent unhealthy“Sharjim 19 Epideay Shows, many Boomers don’t have to leave the workforce completely.

“Business tells us. They all struggle with talented collection and maintenance, so you have to keep your talent, it is much more efficient, efficient and efficient, “says the little one. “It’s Mega-Trend in the workforce. There will be a very important lever for them next decade. “

Garcia adds to phase pension plans, and first of all helps to talented land employees.

“We now see many more that companies need to take care of yourself as a person or you will not collect the best talent,” says Garcia. “This feels right with other programs you do to make employees happy.”

More about the pension.

• Larry Finc says the pension is a benefit More and more restricted by Fortune 500 employees
• This A total of 401 (h) wrong could cost you thousands of dollars a year
• How about a Health savings account fits In your retirement strategy

You plan to follow the non-traditional pension path. Fortune Senior Writer Alicia Adamkshik would like to interview you about your experience of history. Send himalicia.adamczyk@fortune.combe includedA number

A version of this story originally published Fortune.com On March 21, 2024.

This story was originally shown Fortune.com