A recent survey by the
Society for Human Resource Management, conducted in partnership with AARP,
found that nearly half of all employers think the loss of older workers over
the coming decade could be a problem for them. Nearly 40 percent think their
entire industries will be adversely affected.
Nearly two-thirds of organizations with more than 25,000 employees have
developed succession plans to deal with the loss of experienced employees.
employers, ESA member companies seek out college grads and potential new
employees to join our industry. But if
you’re only concentrating your efforts on grads and new workers, you may be
missing a hidden jewel: Older
workers. The reality for most people
working today is that they’re going to continue to work past the previously-defined
retirement age of 65.
Considering the current economic reality, it’s likely the baby boomer group in
the 55-70 age bracket will keep working throughout their 60’s. This age group has a lot going for it,
including experience, knowledge and consistency. So, when you need to hire, include
older workers in your recruiting process. An experienced worker can jump in and
be more productive more quickly than someone right out of high school or college,
which can benefit your business and your bottom line.