There is plenty of evidence that workers aged 45 years old and older can thrive in the workplace. Employers can fill needed roles and boost organizational performance by changing hiring practices to embrace candidates of all ages. But hiring managers seem to ignore how well older workers perform, learn and stay with a company*.
. . . about 89 percent of employers said their midcareer and older workers performed well or better than their younger hires. In addition, 83 percent of employers said these workers learn as quickly — if not more quickly — than younger hires.” – OECD data
Source: HRDIVE, October 11, 2023. Link.
INSIGHTS: Investigating further, we noted *the average person stays at their job (specifically, their employer) for 4.3 years <Link> while millennials expect to change jobs every three years, and the average tenure for workers between the ages of 25 and 34 is 2.8 years.