Unfortunately, older workers face a variety of discriminatory attitudes in the workplace.
Researchers scanned more than 100 publications on age discrimination to determine what types
of age stereotypes were most prevalent across studies. They found that stereotypes inferred that
older workers are lower performers. Research, on the other hand, indicates they are not, and
organizations are realizing the benefits of this needed employee group.
Dale Sweere, HR director for engineering firm Stanley Consultants, is one of the growing
number of management professionals actively recruiting the older workforce. Sweere says older
workers “typically hit the ground running much quicker and they fit into the organization well.”
They bring to the job a higher skill level earned through years of experience, remember an
industry’s history, and know the aging customer base.
Tell that to the older worker who is unemployed. Older workers have long been sought by
government contractors, financial firms, and consultants, according to Cornelia Gamlem,
president of consulting firm GEMS Group Ltd., and she actively recruits them. However, the
U.S. Bureau of Labor Statistics reports that the average job search for an unemployed worker
over age 55 is 56 weeks, versus 38 weeks for the rest of the unemployed population.
Enter the encore career, a.k.a. unretirement. Increasingly, older workers who aren’t finding
fulfilling positions are seeking to opt out of traditional roles. After long careers in the workforce,
an increasing number are embracing flexible, work-from-home options such as customer
service positions. For instance, Olga Howard, 71, signed on as an independent contractor for
25–30 hours per week with Arise Virtual Solutions, handling questions for a financial software
company after her long-term career ended. Others are starting up new businesses. Chris Farrell,
author of Unretirement, said, “Older people are starting businesses more than any other age
group.” Others funnel into nonprofit organizations, where the pay may not equal the individual’s
previous earning power, but the mission is strong. “They need the money and the meaning,” said
Encore.org CEO Marc Freedman. Still others are gaining additional education, such as Japan’s
“silver entrepreneurs,” who have benefited from the country’s tax credits for training older
workers.
Individuals who embark on a second-act career often report they are very fulfilled. However, the
loss of workers from their longstanding careers may be undesirable. “In this knowledge
economy, the retention of older workers gives employers a competitive edge by allowing them to
continue to tap a generation of knowledge and skill,” said Mark Schmit, executive director of the
Society for Human Resource Management (SHRM) Foundation. “New thinking by HR
professionals and employers will be required to recruit and retain them. Otherwise,
organizations’ greatest asset will walk out the door.”
Sources: N. Eberstadt and M. W. Hodin, “America Needs to Rethink ‘Retirement,” The Wall Street Journal, March 11, 2014, A15; S. Giegerich,
“Older Job-Seekers Must Take Charge, Adapt,” Chicago Tribune,September 10, 2012, 2–3; R. J. Grossman, “Encore!” HR Magazine, July 2014,
27–31; T. Lytle, “Benefits for Older Workers,” HR Magazine, March 2012, 53–58; G. Norman, “Second Acts After 65,” The Wall Street Journal,
September 24, 2014, A13; D. Stipp, “The Anti-Aging Revolution,” Fortune, June 14, 2010, 124–30; R. A. Posthuma and M. A. Campion, “Age
Stereotypes in the Workplace: Common Stereotypes, Moderators, and Future Research Directions,” Journal of Management 35 (2009): 158–88;
and P.Sullivan, “Older, They Turn a Phone Into a Job,” The New York Times, March 25, 2014, F3.
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