Forgot your password?

The Coming Labor Shortage and How Older Workers may Help fill the Gap

By Edited Nov 7, 2015 0 2

Businesses have a bias towards younger employees, which speaks of an age bias against employment of older people. This is a common phenomenon that has prevailed for some time but is now undergoing a subtle change to favor people 50 and older seeking employment.

Employers are now realizing that employee maturity and experience are attributes gained through long exposure to varied work conditions and situations which cannot be built up over a short time span. They are finding it desirable to use seniors who benefit from these positive traits ingrained in them with the passing of time leading to greater productivity and fewer workplace problems.

Among other important factors contributing to this growing problem is the realization that work force shrinkage and worries about lower knowledge/experience/wisdom levels because Baby Boomers will be retiring in greater number as the years go by.

Those businesses at the forefront are already on track. Leading companies like Bank of America and Proctor and Gamble are among those who have realized the need for an older and more experienced workforce that can serve as a knowledge pool to counteract the knowledge loss of retirees. These joint efforts have led to the founding of companies like YourEncore which employes veteran scientists and engineers and websites like Seniors4Hire.org who provide jobs for those 50 and older, RetirementJobs.com with age friendly employers. Over a dozen companies including Boeing, Eli Lilly and many others are using the services offered by YourEncore.

National companies like Petco, Radio Shack, Regal Entertainment, General Nutrition Centers, the Bank of America and a host of health care companies will be posting jobs on Seniors4Hire.org and RetirementJobs.com looking for the more experienced workers. These companies engaged in recruitment testify to a growing acceptance of older workers by many employers, though at a much lower pace than desired. Other employers do not select workers of a higher age group, and some just turn them away.

The sentinel for seniors, AARP (American Association of Retired Persons), features a yearly list of employers on its official website, which it honors for the best practices related to management of 50+ workers. For example, Volkswagen of America Inc. is a 2003, 2004, 2005 and 2006 award winner. One fourth of the company's total employees are over 50 years in age and has various benefit programs for older employees.

Employment Policy Foundation (EPF) stats show a shortage of 4 million workers within the next few years. The shortage is only expected to increase and could go up to thirty-five million by 2030. Most of the shortages predicted will be in jobs held by skilled workers. The major reason is the retiring 30 million baby boomers born between 1946 and 1964. The oldest boomers turned sixty-five in 2011 and many are entering retirement. The trend will continue in the coming years. Even discounting the fact that not all boomers have jobs, there still remains enough employed to predict a shortage of workers to fill existing job requirements which will lead to losses in production.




Jun 18, 2012 3:51pm
Another good article. A good source of employment for retirees are local smaller businesses and Mom-and-Pop businesses. Nurseries, corner food stores, small real estate practices, etc., can all provide employment for locals. Being retired and still able-bodied is an excellent time to start a new career such as real estate, appraiser, small produce business/farmer,author, artist, whatever your heart desires!
There are numerous volunteer opportunities for seniors which can lead to paying jobs. Network with your friends, co-workers, family, etc., talk to those you associate with letting them know you are looking for a job.
Being a senior doesn't condemn you to a recliner! Get up and do something!
Jun 18, 2012 4:50pm
Going to school as a senior citizen can be quite rewarding and a good way to retrain for a second career. Decide what you're good at, what you want to do, and what skills are needed for the available jobs in your area. Community colleges, online courses, online colleges, non-traditional colleges such as National University, Phoenix University, etc., are all options. If you were in the military, the VA might pay for the courses. There are so many options - you don't have to sit still!
Add a new comment - No HTML
You must be logged in and verified to post a comment. Please log in or sign up to comment.

Explore InfoBarrel

Auto Business & Money Entertainment Environment Health History Home & Garden InfoBarrel University Lifestyle Sports Technology Travel & Places
© Copyright 2008 - 2016 by Hinzie Media Inc. Terms of Service Privacy Policy XML Sitemap

Follow IB Lifestyle