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While this could be a worry for some smaller companies, I think there are more significant costs involved with employees who are closer to retirement than not.
by cookiecaper 10y ago
While this could be a worry for some smaller companies, I think there are more significant costs involved with employees who are closer to retirement than not. This becomes more serious the older one gets. When retirement becomes a short-term prospect (within 5 years), it gets really bad.
- intrasight 10y agoIf the average duration of tech employment is less than five years, how is that relevant?
- cookiecaper 10y agoBecause you don't know which of the five years the employee will select to retire, and because they're getting into the range where it's not unreasonable to suppose that over a period of some years, they may need long leaves of absence to address medical conditions, etc. To be clear, I'm not justifying this attitude. Just explaining how it can be expensive to have older employees, even excluding potential impact on group insurance rates. Of course, on the flip side, you get a lot of benefits from a highly experienced, highly mature workforce.