Why some employers seek out older workersSubmitted by barracuda_trader on Sun, 12/29/2013 - 14:17
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.
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