Hiring Older Workers in a Tight Labor Market Can Be a Smart Investment

May 19, 2019

Carriers and others are hiring in the U.S. with an unemployment rate at 50-year lows. With this statistic in mind, the argument toward recruiting older workers grows even stronger, according to recruiter Jeff Hyman in a recent Kellogg Insight posting.

Hyman, a lecturer of management and organizations at the Kellogg School of Management at Northwestern University, said that employees age 65 and older will be a growing segment of the workforce in coming years because they have experience, are loyal and are often more efficient than their younger counterparts.

“There’s far more talent available among older workers than in some of the younger age ranges,” Hyman is quoted as saying. “So it is definitely worth incorporating this into any hiring strategy.”

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Hyman said that employers should put aside preconceived notions that older workers are slower, more costly in terms of health benefits or too expensive to hire. As well, employers should recruit these potential employees in unconventional ways, such as targeting the AARP, the article argues.

Bringing on mature, experienced employees can benefit an organization and keep it running smoothly and successfully, the article notes.

To get Hyman’s full recommendations, click here.