Employers who are looking to reduce turnover might want to consider hiring older workers, not recent college graduates, according to a new study.
The study, released by the Bureau of Labor Statistics, shows that workers ages 55 to 64 have been with their current employers a median of 9.3 years, while workers ages 25 to 34 have a median tenure of only 2.9 years.
HR professionals say the mix of a tight labor market and baby boomers postponing retirement has encouraged employers to hire and retain experienced older workers.
Workers over 50, however, cite health-care coverage and competitive retirement benefits as their greatest financial incentives, according to a 2005 survey conducted by Towers Perrin for the AARP.
Photo by kodama.
Earn recurring monthly payments selling mobile websites and apps to local businesses.
What could be better than earning up to 100% commission on the sales of exciting cruise and destination vacation packages?
Start a local Social Media and online reputation business. No experienced needed! Only $99 to get started.
Be a part of the number one growth industry while securing your future with residual income.
Unlimited income while helping others succeed. Only for the educated and qualified entrepreneur.