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The 'Silver Tsunami': Why Older Workers Offer Better Value Than Younger Ones

The 'Silver Tsunami': Why Older Workers Offer Better Value Than Younger Ones | Business Brainpower with the Human Touch | Scoop.it
Just a decade ago, experts warned of labor shortages in the United States and other countries as the baby boomers marched into retirement en masse. But with an aging population facing the prospect of living for decades on shrunken retirement funds, graying individuals plan to keep on working.

This “silver tsunami” has received a mixed response in the workplace. On the one hand, many employers have been slow to adapt to the changing needs of older workers and perceive them to be costly and troublesome to hire. Data show that people over the age of 55 find it harder to land jobs than their younger counterparts, even though age discrimination is illegal in many countries. On the other hand, some far-sighted companies around the world are working to recruit, retrain and otherwise engage older workers.
Vicki Kossoff @ The Learning Factor's insight:

Older workers bring a lifetime of skills to their jobs and can be highly motivated and productive members of the workplace, according to Wharton professors.

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Laura Rosillo's curator insight, November 20, 2014 3:05 AM

agregar su visión ...

Sebastian Jacquin's curator insight, November 20, 2014 3:55 AM

Great article. I wish companies would embrace the chance to employ "older" employees in Belgium and benefit from their experience. Everyone is chasing young graduates with Master's degree and ignoring and whole other section of potential candidates.

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World Pessimistic About Job Prospects

World Pessimistic About Job Prospects | Business Brainpower with the Human Touch | Scoop.it
Few citizens worldwide are positive about their ability to find employment, with Europeans struggling the most. However, developing economies are a bright spot in otherwise uncertain local job markets.


Most of the world was pessimistic about the job market last year, according to Gallup surveys conducted in 146 countries in 2011. Fifty-seven percent of adults worldwide, on average, said it was a bad time to find a job in their local communities, while 33% said it was a good time. Europeans were the most pessimistic, with 72% saying it was a bad time. Optimism was highest in the Americas, where a still dismal 38% said it was a good time.

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Top Reasons We Stay at Our Jobs

Top Reasons We Stay at Our Jobs | Business Brainpower with the Human Touch | Scoop.it

What’s the No. 1 reason people continue working for their employer? Is it the pay? The benefits? A lack of better options? Those are obvious answers, especially given today’s unemployment numbers and sluggish economy. But they’re not the correct ones. The top reasons Americans give for not leaving their current job are ”I enjoy the work I do” and it “fits well with the other areas of my life.”

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