3 votes

Why some employers seek out older workers


The number of older employees is proliferating in the workplace. In 2000, about 1 in 8 American workers was older than age 55, according to the U.S. Bureau of Labor Statistics. By 2010, that number had jumped to about 1 in 5. And the bureau projects that this age group will comprise a full quarter of the labor force in 2020.

So what's going on here? It's not all driven by boomers wanting to stay on the job for this reason or that. Some of it's coming from higher demand. Recent research shows that, as the nature of work changes, some employers are developing programs to retain or recruit workers old enough to retire. And they're showing their appreciation where it counts: Wages for older workers are heading north, according to the Center for Retirement Research at Boston College.

And those enduring myths about older folks -- they aren't productive, they haven't kept up with industry changes, they're just marking time -- are falling by the wayside.

Read more: http://www.bankrate.com/finance/jobs-careers/employers-seek-...
Follow us: @Bankrate on Twitter | Bankrate on Facebook

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

I see a totally new/old

I see a totally new/old paradigm coming.

College is too much money for too little job readiness.
So if a business(es) builds a team with apprentices and seasoned seniors, they can lay waste to the current system.

A strong, tight knit network of graduate apprentices could expand a business(es) into a web of opportunities for people who bring an open, train-able mindset.
People could move around inside of this right minded complex of businesses with a culture built on skills vs. credentials.
It would destroy dependence on the current certification/credential/degree model.
The existing model feeds high cost, low quality education, and leaves graduates with no experience grabbing at straws.

I plan on working until I

I plan on working until I die. I don't see what's so good about retiring. That's when people start falling apart and declining in health. I'd rather have my health than an extra 8 hours of free time a day.

Please come join my forum if you're not a trendy and agree with my points of view.

One of my main people is a

One of my main people is a retired high school principle from NY. He's smart, has great experience and has integrity. Old school values.

The world is my country, all mankind are my brethren, and to do good things is my religion. Thomas Paine, Godfather of the American Revolution