skip to main content
skip to newscasts

Tuesday, April 23, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Biden administration moves to protect Alaska wilderness; opening statements and first witness in NY trial; SCOTUS hears Starbucks case, with implications for unions on the line; rural North Carolina town gets pathway to home ownership.

view newscast page
play newscast audioPlay

The Supreme Court weighs cities ability to manage a growing homelessness crisis, anti-Israeli protests spread to college campuses nationwide, and more states consider legislation to ban firearms at voting sites and ballot drop boxes.

view newscast page
play newscast audioPlay

Wyoming needs more educators who can teach kids trade skills, a proposal to open 40-thousand acres of an Ohio forest to fracking has environmental advocates alarmed and rural communities lure bicyclists with state-of-the-art bike trail systems.

Report: Myth Busting on Cost of Older Workers

play audio
Play

Monday, May 4, 2015   

HARTFORD, Conn. – The trend in New England and the nation finds an increase in the number of older workers on the job and looking for work, and a recent study is doing some myth busting about the supposed costs of those workers.

Laura Bos, manager of education and outreach for financial security with AARP, says many companies look to older workers for their knowledge and management skills, and AARP's study shows that any costs associated with hiring and retaining those age 50-plus is outweighed by the value of their experience.

"The business case for hiring and retaining workers 50-plus is strong,” she points out. “And it's even stronger than it was 10 years ago when we first did this study."

Bos says the AARP study finds professionalism, work ethic and low turnover are among the valuable attributes that workers 50-plus bring to the job. She says Connecticut is ahead of the tide with older workers comprising about 37 percent of the workforce.

Bos concedes there are potential cost differences in hiring and retaining older workers, but she notes that retirement plans aren't what they used to be, and older workers tend to be more healthy – and that's tilting the scales.

"The cost differential between hiring an older worker and younger workers has actually shrunk somewhat,” she states. “And our study shows that really the value of older workers can more than offset that cost."

Bos adds there are potential benefits for employers because older workers tend to be more engaged.

"They're more likely to say that even if they had the opportunity they would not leave their job because they're committed to the company – that, it would take a lot for them to leave their company," she explains.

Experienced workers seeking employment or looking to change jobs can get help both in person and on-line through the AARP 50-plus Job Seeker Series.





get more stories like this via email

more stories
Several Mississippi correctional facilities offer both short-term (12 weeks) and long-term (six months) alcohol and drug programs with individual and group counseling for treating alcohol and drug addictions. (Wesley JvR/peopleimages.com)

Social Issues

play sound

Mississippi prisons often lack resources to treat people who are incarcerated with substance-use disorders adequately but a nonprofit organization is …


Social Issues

play sound

April is Second Chance Month and many Nebraskans are celebrating passage of a bipartisan voting rights restoration bill and its focus on second chance…

Health and Wellness

play sound

New Mexico saw record enrollment numbers for the Affordable Care Act this year and is now setting its sights on lowering out-of-pocket costs - those n…


Migrants are put on buses from Texas to other states, often without knowing where they are going. (afishman64/Adobe Stock)

Social Issues

play sound

The future of Senate Bill 4 is still tangled in court challenges. It's the Texas law that would allow police to arrest people for illegally crossing …

Social Issues

play sound

Residents in a rural North Carolina town grappling with economic challenges are getting a pathway to homeownership. In Enfield, the average annual …

Social Issues

play sound

A new poll finds a near 20-year low in the number of voters who say they have a high interest in the 2024 election, with a majority saying they hold …

Social Issues

play sound

A case before the U.S. Supreme Court could have implications for the country's growing labor movement. Justices will hear oral arguments in Starbucks …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021