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Research:

Managing an ageing workforce: the role of total reward

Resource summary

Total reward involves looking at all the rewards that organisations offer to employees to make working a rewarding experience. This paper is based on research which examined how total reward can be managed for an age-diverse workforce, and in particular how total reward can help attract, retain and engage older workers. It covers:

  • the changing demographics of the workforce and the business case for managing an ageing workforce effectively
  • the use of total rewards generally and the use of the total rewards package to reward an ageing workforce
  • the use of particular aspects total rewards – financial rewards (including pensions), flexible working, and training and development – for an ageing workforce.
It draws on practice in organisations that include:
  • Shell
  • Molton Brown
  • Hertfordshire County Council
  • First Group plc
  • BT
  • Sainsbury's
 Published February 2008

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