There's a strong rationale for hiring older workers. They are positive, energetic employees at a time when demographic shifts make their status in the workplace even more important.
A tidal wave of 78 million Baby Boomers are heading into retirement. Experts disagree whether a worker shortage is imminent – for good or bad – or if older workers will remain in the workplace during their normal retirement years.
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By 2008, Baby Boomers will represent 40% of the work force nationally. |
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By 2010, 25% of the working population will have reached retirement age – leaving a potential worker shortage of close to 10 million. |
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70% of workers currently between the ages of 45 – 74 plan to work in some capacity during their retirement years. |
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84% of this same group says they would work even if they were financially set for life. |
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34% of current pre-retirees say they plan to work on a part-time basis during retirement for interest and enjoyment. |
If older workers do stay in the workforce, they provide stability, dependability and a strong work ethic typically not seen in other age groups.
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The median tenure of workers age 55 – 64 is almost 10 years compared to just under three years for workers age 25 to 34. |
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The average worker over age 45 has worked 15.5 years with the same employer and almost 80% will reportedly stay with the same employer until they retire. |
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Older workers have a curiosity, drive and passion for work. |
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Over 2/3rds say “being productive” motivates them to work. |
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Nearly 90% feel their jobs contribute to society or help people. |
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86% feel that staying in the workforce will keep them active and healthy. |
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80% want opportunities to learn something new. |
Just as older workers provide a distinct quality of work, they also have unique objectives. Mature workers excel best in a friendly work environment where they receive:
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Flexibility to manage their work life balance
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Sense of purpose |
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The chance to learn something new |
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Opportunities to use their skills and talents |
Mature Personnel provides companies with contract, temporary, temp-to-direct, and direct-hire employees who operate in a wide variety of professional, office positions. Call 866-799-1769 for more information. |
