50+!

It’s been estimated that by 2011, approximately 4o% of the working population will be between the ages of 45 and 64, compared to only 29% in 1991. And although early retirement has become more common, current stock market conditions have meant that many 50-plus workers have watched their dreams of retiring early evaporate.

What does that mean for the workplace, other than a greater predominance of gray hair? :-)

Aging workers may experience stress due to rapid changes in technology, declining energy levels, and increased care responsibilities as they become caregivers for parents, spouses, or siblings. An important issue to address is prejudice in the workplace. Although studies have shown there is no signification overall difference between the job performance of older and younger workers, the myth remains that older workers are less productive. Another myth is that older workers will retire before an investment in training will pay off – when the reality is the return on investment in training is getting shorter, and companies are likely to benefit from an upgrade in their employees’ skills regardless of age.

And yes, the above is reality.

Tags: Age

Category: Business