Older Workers More Loyal to Employers
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.
danakeith on May 28th, 2008 2:02 am
If I were the employer, I’d rather keep my older employees who worked for me for a long period of time, through that I can assure that they were loyal to me and I know things will be even better cause I already proven his/her worth, than to have a new and young ones.
cassy on December 20th, 2008 11:51 am
I agree they are more experience and loyal to the employer,but we have to conseder also the speed when it comes to work, if they can do what the young employess can do, as the person become old his mind and action are limetted.that is why if i am the employer i prefer to get a young employees,for good.
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