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Study reveals leaders are eager to employ older talents – Here’s why you should too.

In the current landscape, we are confronted with a twofold challenge: the ageing workforce and a scarcity of top-tier talent. However, amidst these dynamic shifts, employers are showing a growing willingness to embrace older employees, revealed recent ManpowerGroup Employment Outlook Survey.

Employers are also open to hiring individuals who have taken breaks from work due to caregiving responsibilities, pursued unconventional career paths, or experienced long periods of unemployment.

Why hire older talents: 5 key benefits

  1. Older employees excel as attentive listeners and prove to be exceptional assets in the workplace due to their receptiveness to training. Their ability to grasp instructions effectively and apply them with minimal repetition is a valuable trait.
  2. Older talents make excellent employees due to their efficiency and the confidence they have in sharing their suggestions and ideas. Their extensive experience in various roles equips them with a deep understanding of how tasks can be executed more effectively, ultimately leading to cost savings for companies. Additionally, their years of experience have cultivated their self-assuredness, making them unafraid to communicate their insights and recommendations to management.
  3. Hiring older workers can lead to significant savings in labor costs. Many of them come with existing insurance coverage from previous employers or have supplementary sources of income, which makes them more open to accepting slightly lower wages for their desired positions. They recognize that working for a company can offer more than just financial compensation, appreciating the broader aspects of job satisfaction and fulfilment.
  4. Committed employees are known to produce work of higher quality, which can translate into substantial cost savings for your business. Their attention to detail and commitment to excellence can help prevent costly errors and ensure the overall quality of the work being produced.
  5. Lastly, but certainly not least, older workers set a valuable example for their colleagues—an intangible quality highly regarded by many. They excel as mentors and role models, simplifying the process of training and guiding other employees. Their ability to impart knowledge and wisdom makes the overall training experience smoother and more effective, contributing to the development of a skilled and motivated workforce.