Older workers 'can offer bigger returns'

by Christopher Evans

Employers still have dogged misconceptions about older workers, one employment expert has claimed.

A report from the Age and Employment Network has revealed that 165,000 over-50s have been unemployed for more than a year.

Despite recent moves to outlaw age discrimination, this age group has the highest rate of unemployment of any.

The Employers Forum of Age (EFA) believes there are still fixed ideas on how worthwhile it is to train and invest in older workers.

Rachel Krys, campaigns director for the EFA, commented: "Someone in their twenties on average may only work for you [for] three years; in their fifties they might work for you for ten years - so it's a much better return on investment, but that sort of message is not getting through to employers yet."

Older workers can also bring much-needed diversity to workforces because of their breadth of experience, she added.

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Published on: October 18, 2010

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