What benefits are there to employers for hiring mature workers?
AARP’s Business Case Report indicates that, in addition to their work experience, the value of hiring of mature workers includes: • Low turnover rates: According to the Bureau of Labor Statistics data on tenure patterns by age group, the average tenure among all US workers is 3.7 years. However, the median job tenure for workers in the 55 – 64 age range is about 3.3 times that of workers 25-34 years old. Employers concerned aboutthe risk of turnover should keep in mind the correlation between turnover and age and the cost of turnover. • High levels of engagement: Analysis conducted on the part of Towers Perrin, a management consulting firm, indicates that motivation and engagement not only do not decline with age but in fact, increase. According to data from a Towers Perrin 2003 study, workers age 55 and older are the most motivated, while the youngest workers are the least motivated. • Skill levels: Mature workers tend to have higher skill levels, particularly basic skills like math,
