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Thursday, January 14, 2010

Older Workers Expanding Options

A new study from CareerBuilder found that older workers are beginning to expand their job search to include entry-level positions, internships and even relocating.

•28 percent of those 55-years and older who were laid off during the last year found new jobs, which is the lowest of any age group. In comparison, 71 percent of 25 to 24-year-olds who were laid off found jobs.

•Of the older workers who were laid off, 63 percent have applied for lower-level jobs than their previous positions and 44 percent have been told they’re overqualified.

•26 percent of employers have received applications from workers older than 50 who aren’t retired but are looking for entry-level jobs, while an additional 11 percent of employers received entry-level applications from retirees. A good sign, 65 percent of employers say they would consider hiring experienced candidates who might be overqualified.

•Many older workers who can’t secure entry-level jobs are turning to internships in hopes of getting a foot in the door. About 7 percent of employers report that older workers have applied for internships, 4 percent have hired older workers and 65 percent would consider older workers for internships.

•If they can’t get an entry-level job or an internship, some older workers are simply relocating or starting their own business. Of those older workers laid off during the last year, 41 percent would consider relocating to another city or state to find a job, while 23 percent would consider starting their own business.

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