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Another Reason To Hire An Older Worker – They May Stay Longer

Another Reason To Hire An Older Worker – They May Stay Longer

By Susan Williams

I read an interesting post by Dr. Gillian Leithman about the arrogance of ageism.

In her post, Dr. Leithman shared a number of facts about how businesses may be missing out on a significant opportunity if they discount the value that an older worker could provide to a company’s talent pool.

At the end of the post, she shared another interesting statement;

“A candidate with 5 years left until retirement may be with your firm, on average, longer than a new and younger hire.”

It’s true. 

The United States Bureau of Labor Statistics reported that the median tenure of workers ages 55 to 64 (10.1 years) was more than three times that of workers ages 25 to 34 years (2.8 years).

Yet think about career sections of websites.

How many older people do you see as being promoted as the faces of the people they are looking to hire. The majority of the individuals they profile are smiling twenty to thirty years olds.

But this is a major opportunity lost for employers.

Not only do many older workers have the necessary knowledge and expertise, they could also potentially help create knowledge centres and participate in mentoring programs to ensure that the organization has capabilities to develop and retain the necessary knowledge moving forward.

Add these benefits to the fact that someone who is within 5 years of retirement will probably end up staying longer than a younger worker and it makes for some pretty good reasons to hire older workers.

Older workers won’t stay long. Yet another stereotype perception of older workers that needs to be discarded.

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Susan Williams is the Founder of Booming Encore. Being a Boomer herself, Susan loves to discover and share ways to live life to the fullest. She shares her experiences, observations and opinions on living life after 50 and tries to embrace Booming Encore's philosophy of making sure every day matters.