Business Opportunities Weblog

Older Workers Better Bargain

By on June 28, 2007 in Ideas


Kiplinger:

Increasing numbers of experienced, older workers and new retirees are thinking about delaying retirement or rejoining the workforce.

But despite growing problems finding experienced help, employers see older workers as a mixed bag, according to a survey by the Center for Retirement Research at Boston College.

Over 80 percent of employers said older workers were “as attractiveâ€? or “more attractiveâ€? than younger employees. The big draw is productivity: Employers believe older employees know their work and how to do it well.

What’s the hesitancy? They fear older workers also cost more in pay and benefits. What to do? The key finding of the survey is that an aging workforce can be a good thing for both employers and employees.

Given money saved by a highly productive worker, employers appear willing to hire older employees and may be willing to pay more.

And senior workers, especially those out of work, may be willing to accept less pay.

Photo by MSDesigns.

employees productivity retirement

Rich Whittle has added 6,226 posts to Business Opportunities Weblog.

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  • danakeith

    I agree that older employee were more useful for they were known to be more dedicated to their work, you can assure that they have enough experience on the certain field, than the young ones that needs more supervision.

  • Patrick Richmond

    I agree too. Some state that hiring someone that maybe be 57 would be more costly, but hiring someone that is 57 is much, much better than hiring someone that is around the age of 25. Hiring a young worker at times is more of a costly move than hiring an older worker, because younger workers seem to tear things up at times and talk filthy. I have seen many young floor techs spending more time dawdling around and sometimes hanging around outside smoking cigarettes when they are supposed to be working. Older workers keep a sharper eye on their time when it comes to break. Older workers are really antique but really useful people. And during the break time, young workers can learn some history from the older workers.

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