Hire Retirees?

The Federal Reserve said that the rate of retirements during the period of the pandemic exceeded what was predicted. The Fed dubbed this “the great retirement.” However, according to Indeed hiring lab, many are un-retiring (as of March 2022, 3.2% of workers who retired a year earlier are now employed). In today’s tight labor market, employers may want to reach out to employees who’ve retired and welcome them back to their companies or tap into the pool of former retirees. #IdeaoftheDay