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The Importance of Mature Workers
According to Alicia H. Munnell and Steven A. Sass’s recent book, “Working Longer: The Solution to the Retirement Income Challenge,” around 19% of men and 33% of women who live to be 65 will live to be 90 or older, and will have to support themselves for over 30 years. According to a recent New York Times review by Harry Hurt II, the book’s primary argument is that we all need to work longer and retire later.
We are on the verge of a retirement income crisis. People should postpone retiring from 63, the current average age, to 66, according to the authors’ advice. “Will Employers Want to Hire Older Workers?” is the big question. According to the authors, the quick answer is “probably not.” “Employers have not been willing to retain or hire older workers in the past, and there is no indication that views have dramatically altered,” the authors write.
I am of a different mind. Many firms, in fact, are keen to hire elderly workers, as I am aware. Some of them are also my customers. They’re looking for older personnel because they have the necessary abilities, judgment, institutional knowledge, and a track record of consistent performance. They’re also more willing to pass on their expertise to younger employees.
According to several websites I visited, the typical turnover rate for private businesses is between 20 and 25%. Replacing such personnel comes at a significant expense to businesses. According to Robert Plotkin, CEO of Social Work prn, a staffing and education organization for social workers, mature professionals are three times more likely to stay with one job.
It was once assumed that older workers lacked the essential computer abilities. As baby boomers enter their sixties and have used computers for many years, the gap is fast decreasing. My mother, who is 80 years old, utilizes email, the internet, and a number of apps.
Many of my friends in their forties have decided to pursue second careers. And more and more people are telling me that they want to do something positive for society. Mr. Plotkin, who has hundreds of vacant social worker positions, should be relieved.
Take a peek at the mature worker the next time you’re searching for someone to recruit for your firm. Make it clear that you’re looking for them particularly, and you might just be glad you did.
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