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What are the advantages and benefits for hiring older workers?
Reasons Why Older Workers and Senior Talent Workforce are Assets to Your Company
The scale of aging in the population due to increased life expectancies has become one of the most significant challenges facing organizations. This applies as much to the public sector, where budgets are already under pressure, as it does to companies in the private sector where economic growth is driven by a constant stream of innovations.
Check out our article about hiring ageing workers.
While there is an obvious negative impact due to the increased costs associated with longer retirements, there are many positive outcomes that should be considered. Older workers have vast experience and extensive knowledge of a company’s processes, products, and consumers that can’t be matched by their younger counterparts.
And as people continue working well into their retirement years (or decide to return after having retired), it becomes vital to make the best use of these older talents.
This is especially true for companies operating in service industries where experience and expertise are most critical. When organizations focus too heavily on hiring young workers, they also lose valuable perspectives and insights that middle-aged and older employees bring to the table.