Question

_____ gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.

Answer 1

Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.

What is Phased retirement ?

• A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.

• Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
• This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.

• It is completely optional and requires the agreement of both the employee and the hiring organization.
• An employee must have worked three years straight at a full-time job in order to be eligible to participate.

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